My wife and I were both 800+ at all the agencies. I am now in the 760-793 range (per myfico 3-report) for various reasons I suppose:
- we both were reported 30 days late in 2011 on the same joint account (286 of 287 payments on time)
- i took out a $290k mortgage in 2011
We are the kind of people that hate debt, loyally use the same card for about $4k per month, and pay in full each month. Our utilization is < 1-2% on $50k and $75k. Another problem according credit karma is that we have very few accounts: we have 9-15 depending on the agency. Also, I just received a letter saying my "inactive CC account is going to expire and will be closed". It is 14 years old, but the limit got reduced down to $600 around the banking crisis. However, I have another card that is only 2 months younger with $11k CL. The average age of all accounts is 10 years. Last CL was opened in 2007.
So what should I do?
- I am interested in shopping for a new credit card and it appears the number of accounts is low, plus the CC is about to close one. This week I opened a DELL revolving account when making a purchase. I intend to pay it in full and never use it again. Should I also close it? Hope this wasn't a mistake.
- Should I open more accounts (how many?) and use them for a month just to close them? I have been holding off necessary purchases until I figure this out.
- Should I call that CC that sent me the letter?
- Should I bother sending BofA a good will request for that silly missed payment?
We may need a mortgage to buy a home in a couple years and I want to be ready.
Thanks for any feedback.
