List, I applied for a Bank One credit card and was denied, and one of the reasons was that I had too many finance company accounts. FYI, I have two accounts, both paid as agreed, and both are well below their initial balances. I don't know if opening one of these accounts hurts your credit score but... In the next 2 weeks I plan on paying off both of those accounts, and will let everyone know if there is any clear difference in my score over the next two months (or until those tradelines are updated as paid off) if anything happens. If anyone has any additional information on this topic I would love to hear it! Thanks, Charles
F.I.C.O. LOGIC... A "PAID AS AGREED" finance company is BAD... IN THE "REAL" WORLD ANY PAID AS AGREED ACCOUNT SHOULD BE GOOD!!!
