Originally Posted by
fliesdelta
Discover Card shows my FICO score as 844, with the following warnings:
Your FICOŽ Credit Score is affected by the Key Factor(s) below:
1. TOO MANY ACCOUNTS WITH BALANCES:
Too many accounts with balances suggest greater risk to lenders. For credit cards you pay off every month, your credit report may still show balances, since it generally shows the total amount on your last statement.
2. TOO MANY CONSUMER FINANCE COMPANY ACCOUNTS:
A consumer finance company loan on your report indicates you're a higher risk to lenders.
The machine always picks two things you could improve on. But it doesn't show how much you could improve, and it doesn't change the wording to match your situation.
It could be that it found only two ways you could increase your score, by 1 point each, and those are the two it listed. It always wants to list at least two, so if it can only find two that might increase your score by only 1 point each, it'll list those!
But do you mourn having a score of 844 instead of 845 or 846???
If not, don't worry about it.