I thought it a good idea to continue the series on your credit score, started with Too Little Debt, and then How Old is Your Credit Card? Today, let’s look at my score (provided by Credit Karma) for total number of accounts.
Well, I got an A, which is cool, even though I’ve canceled a number of accounts and moved on. The 9 sounds about right, a mortgage, home equity line, and 7 different credit cards. More than anything, I find it interesting and curious that the score basically says “more is better.” Just getting the couple credits cards and one mortgage would keep you at the bottom of this scoring criteria. Hey, don’t shoot me, I’m just the messenger.
How many account do do have? How many are still open?