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.

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P31: Few or none of your bankcard or revolving accounts was opened recently

Explanation:

Bankcard accounts include credit cards and charge cards from a bank and are frequently revolving accounts. Revolving accounts allow you to carry a balance and your monthly payment will vary, based on the amount of your balance. None or only a few of your bankcard or revolving accounts were recently opened. As a result, your history of credit management is enough to demonstrate responsible behavior.

What you can do:

Keep using 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 and avoid applying for more credit than you need.
 

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