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55: No installment accounts can be used in determining a credit score.
Explanation:
The VantageScore credit score model relies on information in your credit files at the three national credit reporting companies (Equifax, Experian and TransUnion) to generate your score. A mix of different types of open and active credit accounts, including installment account, can have a positive impact on your score.
What you can do:
Maintaining open and active credit accounts in good standing can help improve your credit score.
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