Reply
Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

"Consumer Finance account"

I know this should be in rebuilding but i know more people will respond here.

 

Just got a SW alert that my EQ FICO gained 7 points from 661 to 668 (Gardening rocks! :smileyhappy:)

 

Went through my report and found no real difference then Chase reporting a higher balance and where it says "Understanding your report" On the scale i had a real skinny red bar that was nver there before saying

 

4. Consumer finance account

 

What oes that mean???




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: "Consumer Finance account"

Bump

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


Blogger
HiLine
Posts: 3,162
Registered: ‎10-19-2012
0

Re: "Consumer Finance account"

Uusually means you have a "sub-prime" card.

Regular Contributor
unusuallyconfused
Posts: 232
Registered: ‎03-05-2013
0

Re: "Consumer Finance account"

You will find more than enough answers on this - and probably hours of reading - here:

 

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/HOW-TO-ID-A-CONSUMER-FINANCE-ACCOUNT/td-p...

USAA Rewards VISA (7,500 - 03/2013) / DiscoverIT (6500 - 03/2013) / Cap One Platinum MC (2750 - 03/2013) / Credit One Platinum VISA (750 - 03/2013) / First Premier Bank MC (300 - 02/2013) / FingerHut/WEBBANK (5200.00 - 02/2013) / Victoria's Secret/Comenity (1500 - 03/2013) / PayPal Smart Connect/GECRB (2900 - 03/2013) / Lowe's/GECRB (2800 - 03/2013) / Amazon.com/GECRB (4500 - 03/2013) / Chevron Texaco/GECRB (1950 - 03/2013) / J.C. Penney/GECRB (2150 - 02/2013) / Target (750 - 07/2013) / Abercrombie & Fitch/Comenity (1850 - 07/2013) / CareCredit/GECRB (4500 - 08/2013) / DCU Visa (2000 - 11/2013) / NFCU Sig cashRewards Visa (7000 - 11/2013) - MilitaryStar/Chase (4700 /12/2013)

Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: "Consumer Finance account"

@unusually confused TY!



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Contributor
steffiejoe
Posts: 80
Registered: ‎09-22-2007
0

Re: "Consumer Finance account"

This was on my report when I had an account at Conn's appliance store.  Not sure if you are in Texas but thats where this store is located. I had purchased a dryer and received 90 days  same as cash. This account dropped off and this message went away. 

Your PLUS Score is: 800 on a scale of 330 - 830.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}