Continue to enter your reason codes, one at a time, in the search field in order to generate a list of printable explanations below.
26: Balances on bankcards are too high
Bankcard accounts include credit cards and charge cards from a bank and are frequently revolving accounts. They allow you to carry a balance and your monthly payment will vary, based on the amount of your balance. The total combined amount you owe on all your bankcard accounts is high, a sign of increased risk. People who carry balances on multiple bankcard accounts have reduced available credit to use if needed, creating a greater chance of becoming overextended.
What you can do:
Keep low balances on your accounts; this will benefit your score.
A HIGHER LEVEL OF CONFIDENCE
Count on the company behind ReasonCode.org for more accurate and consistent credit scores too.