Your VantageScore reason code report

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58: The total of all balances on your open real estate accounts is too high

Explanation:

A real estate loan can be a first mortgage, a home equity loan, or home equity line of credit. The total that you owe on all of your open real estate accounts is high. Maintaining high balances has proven to be risky behavior because you don’t have much credit available should it be needed, creating a greater chance of becoming overextended. People with the highest credit scores keep their account balances low.

What you can do:

As monthly real estate payments are made, a portion of the outstanding principal balance is reduced, benefitting your score. Whenever possible, further pay down balances on your real estate accounts. Over time this will also have a positive impact on your score.
 

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