Continue to enter your reason codes, one at a time, in the search field in order to generate a list of printable explanations below.
CJ: Too many of your collection accounts are unpaid.
Some collection agencies report account information to credit bureaus just like lenders do. Your credit file has too many accounts that have been sent to a collection agency and remain unpaid. Unpaid collection accounts in your file can have a significant negative impact on your credit score.
What you can do:
Satisfy all collection accounts and pay all other accounts on time each month. The impact that negative items such as collections accounts have on your credit score will diminish over time.
A HIGHER LEVEL OF CONFIDENCE
Count on the company behind ReasonCode.org for more accurate and consistent credit scores too.