Originally Posted by
biggestbopper
......Much as I am interested in FTers thoughts and impressions on this issue, hard date is very useful. ^
Anybody else want to post their hard data? @:-)
No hard data from me ..... but ....
Negociant - Great posting!
I opened and closed CC accounts, however, I did in a time frame of 10 to 12 month (not in 8 weeks, like you). The score went even up! Note: There are now (at least two) scores out there ... I wish our fellow poster Dr.Bond would comment on your topic "CC Apps Affect on FICO Score"
That is what I posted recently in FlyerTalk:
....after canceling many (I mean a lot of) cards. Mrs. USAFAN and I still have at
-Equifax - "excellent"
-Experian - "Super Plus" *)
-Transunion - "very good"
credit rating.
*) New "VantageScore" ...higher than 99.10% of U.S. consumers
If you have a high number of accounts without balance, that will not effect your score! Once in a while I do some (credit card) "house cleaning" and move canceled accounts in my Quicken to "Hidden Accounts" ... and save the yearly fees.