> This puzzled me since i'd never missed a payment. They factor a lot of things into the score including how many accounts you have open, the balances on those accounts, the ratio of credit used vs. how much is available, payment history, how much credit you apply for over a period of time... the list goes on and on.
If you open a bunch of accounts in a short period, your average account age will drop, which can bring down your score. The fact that you had a bunch of inquiries in a short time can bring down the score. The fact that your ratio of balances vs. available credit went way up would bring down the score. I've found that it is good to have few inquiries show up, only open one new account within a six month period or so, and to keep your ratio of debt used vs. debt available as low as possible. If you have several accounts that have been open for a long time with good payment history and low balances then your score will likely be pretty good. -Justin ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:332979 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
