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Old 07-03-2009, 09:03 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, 11:04 AM   #82
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Originally Posted by rec7 View Post
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...

"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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Old 07-03-2009, 11:21 AM   #83
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Originally Posted by ziggy29 View Post
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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