Continue to enter your reason codes, one at a time, in the search field in order to generate a list of printable explanations below.
×
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.
A HIGHER LEVEL OF CONFIDENCE
Count on the company behind ReasonCode.org for more accurate and consistent credit scores too.