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Impact of Opening Personal accounts
Started by legal419, Jan 04 2007 02:15 AM
2 replies to this topic
#1
legal419
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Posted 04 January 2007 - 02:15 AM
Just got started on the Bonus Acoount opening deal and was wondering what impact it has on Credit score. Secondly I read on an older post that you were limited by chexsystems to 4accounts per 3months can anyone pls expound further thanks.
#2
taxman
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Posted 04 January 2007 - 02:44 AM
QUOTE(legal419 @ Jan 4 2007, 02:15 AM) 
Just got started on the Bonus Acoount opening deal and was wondering what impact it has on Credit score. Secondly I read on an older post that you were limited by chexsystems to 4accounts per 3months can anyone pls expound further thanks.
Chexsystems doesn't limit the number of accounts. They place a "flag" on the file. It's up to the financial institution to make the call. I've opened at least 15 accounts. Only one bank denied me.
#3
ichaelm
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Posted 04 January 2007 - 03:30 AM
Opening accounts has no impact on your credit score. I opened 27 accounts last year, 13 with BOA alone. The only place that turned me down was etrade. From what I've read here about their customer service, that might be just as well.
