Factors in Credit scores
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by Debbie
on February 19, 2002 at 16:42:28:
My trans union score is 647. It gives the following reasons in addition to a collection account which I am trying to fix right now. 1. Length of time revolving accounts have been established is too short 2. Too few retail accounts What are revolving and retail accounts. I have several credit cards in my name that were opened 1 - 1 1/2 years ago. Always on-time payments. I also have 4 accounts on which I am a authorized user. I think credit cards are revolving accounts. How about retail accounts? What are they? I also have an auto lease for 1 1/2 years with sterling payment record. I don't understand what the problems are. Is 647 too low for good interest rate on mortgage? Thanks.
Follow Ups:
Post a Followup
|