Continue to enter your reason codes, one at a time, in the search field in order to generate a list of printable explanations below.
IJ: Your sum of credit amounts on installment accounts is too low.
An installment account is one with a fixed monthly payment for the life of the loan. Auto loans and student loans are common examples of installment loans. The total credit amounts on the installment accounts in your credit file is low, which is an indicator of higher risk.
What you can do:
Use your existing credit responsibly and make your payments on time. Your credit score will benefit as you make payments on time and manage the accounts in a responsible fashion. Manage your credit wisely by planning ahead for your credit needs so you can avoid applying for more credit than you need.
A HIGHER LEVEL OF CONFIDENCE
Count on the company behind ReasonCode.org for more accurate and consistent credit scores too.