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Devilman809

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I have multiple checking and savings accounts, more than ten. How does this affect my credit?

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it doesnt only way it would affect you is if you went to apply for a mortgage there is a scale banks use to determine your "score" and you get X amount of points for a checking account like 10 savings 15 but they only count it once job stability ie: how many years at a one job less than 1 you get 0 points.....2-3 years you get 25 points 5+ years you get 35 points.....income <10k is 0 points 10-25k is 10 points......... just to give you an idea theres like 15 things put into it and basically you need to meet 190 points to qualify for the mortgage based on the banks loan commitee but other then that a checking or svaings account DOES NOT affect your transunion, experian or equifax credit scores or fico for that matter just this internal bank commitee decision for that particular bank and only if you go to get a mortgage

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