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.

×

39: Balances too high on delinquent/derogatory revolving accounts

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. The total of the balances is high on your bankcard or revolving accounts with late payments or on which a lender has reported a derogatory. Late payments are a proven indicator of risk. When credit line balances approach credit limits, risk is further increased because you don’t have much credit available should it be needed, creating a greater chance of becoming overextended.

What you can do:

Paying bills on time every month is important to maintaining a good credit score. If you remain behind with any payments, bring them current as soon as possible, and then make future payments on time. Whenever possible, pay down balances on your accounts. Over time these actions will benefit 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.