Anyone know where the numerical score factors that appear on a merged report are explained? I just got a copy of the report my mortgage broker pulled and can't tell what the factor codes mean...thanks!
Thanks! Here's an odd one -- on EQ, the first factor listed is "too few bank revolving accounts" despite having MBNA, FUSA, 2 CITI, Bloomingdales, 2 AMEX, Brooks Bros., and 2 with Macy's that aren't even mine but I haven't deleted since they are from 1987 and are the oldest accounts! The second factor is too many inquiries in the last 12 months, and I only have 1! None of it makes any sense.
And I bet if you opened another one, it would say "too many bank revolving accounts". God knows how they figure those scores, my friend's FICO is 755, he's got one soft inquiry in a year and his main reason was... guess... yep "too many inquiries in the last 12 months"
