Your VantageScore reason code report

Continue to enter your reason codes, one at a time, in the search field in order to generate a list of printable explanations below.

×

66: Your open auto account balances are too high compared to their loan amounts

Explanation:

You have auto loans in your credit file with balances that are high compared to the original loan amounts on the account, which is a proven indicator of increased risk.

What you can do:

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

A HIGHER LEVEL OF CONFIDENCE

Count on the company behind ReasonCode.org for more accurate and consistent credit scores too.

CREDIT SCORING FACT VERSUS FICTION

Visit CreditScoreQuiz.org to take a 12-question quiz and learn how to improve your score.

STAYING IN THE KNOW

Stay up to date on credit scoring news by following us on Twitter, Facebook, and LinkedIn.