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Old 07-03-2009, 10:03 AM   #81
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Total accounts is another measure of your creditworthiness. 42 accounts is an A, I have an F at one and it will stay that way. 42 accounts that would make me go to the funny farm for sure.
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Old 07-03-2009, 12:04 PM   #82
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Total accounts is another measure of your creditworthiness. 42 accounts is an A, I have an F at one and it will stay that way. 42 accounts that would make me go to the funny farm for sure.
I agree. That seems like a really silly criterion for determining creditworthiness. Seems like 19 accounts listed (in my case) with no derogatory history in any of them ought to be enough...
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Old 07-03-2009, 12:21 PM   #83
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And a general rule of thumb, unless you can get a lender to share it with you when you apply for credit, is: If you didn't have to pay for the score, it's not a FICO.
I was just with a friend at the credit union who found out for me that my FICO score is 795. I think the upper limit on the FICO is 850. Now the score I got recently from Experian was 880 with the upper limit of 990. This one is called the "VANTAGE" score and this score is only issued by the credit bureaus and is used between them. It doesn't mean anything to lenders. The FICO score is the one that counts.
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