for all of the programmers out there. Is there likely to be a limit to the amount of space allocated for credit files. Additionally what might happen if you go over that amount(i imagine either new or old information is likely lost). The reason why I ask this is because I found a fairly reliable way to add about an account a week and am curious what might happen if this goes on for quite a while. and yes i do have too much time on my hands....
No REAL memory limitations...though if you try this, I think you'd be travelling on a slippery slope. -Peace, Dave
What are you suggesting here? Hacking into their accounts is a good way to find youself in the slammer.
This persons last several posts have all dealt with less than honorable means to add credit to his/her reports.
Fat chance. If they're using anything like C++, they can dynamically allocate the extra memory needed to store your record or any record.
No I'm not talking about hacking into their accounts and I am not the moral equivalent of kicking a puppy. I was really getting attacked on the last post and it was obvious I was misunderstood. But I am not here to debate morality or to defend myself. So I let it drop. So many people here are very eager to criticize and attack people and I want no part of it. Its particularly funny considering all of the people here who are LEGALLY trying to get out of debt they ETHICALLY owe. And I get criticized for using a credit card that accidentily didn't charge interest. And the other thing I described with my cell phone was LEGAL though barely so. I HAVE thought about morality and legality and probably a good deal more than most of the people on this board. And I'm amazed I'm being attacked already for this post. All I am suggesting is that I have a reliable and legal and ethical way to add an account a week and was wondering if there might be a memory limit in some of the credit bereaus. Wouldn't it be wonderful to bypass all of the credit disputing process and get everything off your credit report, no fuss no muss? Anyways I've done programming before and it occured to me that there might be a preset limit-just to make sure that no one account because of some error ends up taking up all of the memory. If there is a limit then something has to happen with the new info and it depends how they set it up as to what info is lost.
Your suggestion of adding an account in good standing each week is most likely an illegal method. I would imagine what is happening here is you are paying someone who has reporting capablilities to add fake accts. If I am wrong, please explain how this works.
Ethics aside. New accounts ding your credit score because it decreases the average age of your profile. I don't know if the bureaus per se have limits, but I do know from a Fair Isaac rep that the scores do have limits... or that the files, when they get too large, can't generate a score. He said they're getting to that point normally with inquiries... and the bureaus are having to purge old inquiries to accomodate the consumer wanting a score. again, I don't know what part of the system breaks, the file size or the size of the file the score algorithm can take...
Thats some really interesting info, marie. To me it is an indication of sloppy programming on FICO's part and not of reaching a memory limit. It is really amazing to me that they have not written code to deal with the problem of having too many inquiries, after all it takes very little to get an inquiry put on a credit file. That also implies that if too many accounts are put on the scoring program will probably break down as well (maybe with a lot of addresses too). Hmmm some more to think about...
