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.

×

CF: The sum of balances on collection agency accounts is too high

Explanation:

Some collection agencies report account information to credit bureaus just like lenders do. Your credit file indicates the amount of money you owe to collection agencies is high. Unpaid collection accounts in your file can have a significant negative impact on your credit score.

What you can do:

Satisfy all collection accounts and pay all other accounts on time each month. The impact that negative items such as collections accounts have on your credit score will diminish over time.
 

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.