this is what it said at the top of my reasons.. "Because your FICO score is high, these reasons may seem "picky" and you should not consider them to be serious flaws in your credit history. They are simply factors on which you did not score the absolute maximum possible points and leave some room for improvement." well thanks. kev
If you don't mind my asking, what was your score and what were the reasons listed? It's been my experience that the FICO scoring system exhibits some bizarre traits on files with no negative information as it attempts to predict surprise BKs on very limited information; I'm interested in what might be the top negative reasons on a high scoring file like yours.
currently 744 it has been the same since Aug 1 before that it was 723 the 21pt jump i assume was from my mortgage aging another year.. Top Negative Factors The negative factors listed below are reasons why your FICO score is not higher. Your focus on these factors will help you to raise your FICO score over time. These negative factors are provided in order of impact to your score â?? the first factor listed indicates where you stand to gain the most points over time and so on. Because your FICO score is high, these reasons may seem "picky" and you should not consider them to be serious flaws in your credit history. They are simply factors on which you did not score the absolute maximum possible points and leave some room for improvement. The length of time your accounts have been established is relatively short Your most established credit obligation is 42 months old and your newest credit account was opened 3 months ago. The majority of U.S. consumers have a relatively long credit history - with the average age of their most established credit account being 14 to 15 years. In addition, the average time since the most recent account opening is 20 months ago. This reason is based on the age of the accounts on your credit bureau report (the age of the oldest account, the average age of accounts, or both). Research shows that consumers with longer credit histories have better repayment risk than those with shorter credit histories. Also, consumers who frequently open new accounts have greater repayment risk than those who don't. It is a good idea to only apply for credit when you really need it. Meanwhile, maintain low-to-moderate balances and be sure to make your payments on time. Your score should improve as your credit history ages. You have a relatively high number of accounts with balances According to your credit profile, you have 7 accounts where your balances last reported are greater than $0. On average, U.S consumers carry balances on approximately 4 of their credit accounts at a given time. Analysis repeatedly finds that carrying balances on too many credit accounts at once is a predictor of future repayment risk. (For credit cards, note that even if you pay off your balance in full every month, your credit bureau report may still show a balance on those cards. The total balance on your last statement is generally the amount that will show in your credit bureau report.) In order to improve your FICO score, pay down the balances on your credit obligations. For revolving a
