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Regular Contributor
laila08
Posts: 198
Registered: ‎01-25-2008
0

Not enough revolving debt experience. [Equifax]

Hi everyone, can someone tell me what this means? It was on true credit of things hurting my score. don't really care about the score b/c its fako's but was curious what this ment.
 
Not enough revolving debt experience. [Equifax]
apping spree or shopping spree...lesser of 2 evils???hmmm
Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
0

Re: Not enough revolving debt experience. [Equifax]

Probably "too short a history of credit card use"
 
Low age of average account, oldest CC not very old?
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Valued Contributor
cobra19
Posts: 1,424
Registered: ‎07-24-2007
0

Re: Not enough revolving debt experience. [Equifax]

[ Edited ]
laila..............means you need more credit cards (revolving debt) and/or your file is too young (lucky you).
 
You need to show, over a period of time, you can responsibly manage debt.


Message Edited by cobra19 on 03-28-2008 12:50 PM
New York Yankees - 2009 World Series Champions. 27... and counting.....
Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Not enough revolving debt experience. [Equifax]

Looks like that comment came from TrueCredit. I don't put any trust or faith into their comments.
Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007
0

Re: Not enough revolving debt experience. [Equifax]



laila08 wrote:
Hi everyone, can someone tell me what this means? It was on true credit of things hurting my score. don't really care about the score b/c its fako's but was curious what this ment.
 
Not enough revolving debt experience. [Equifax]


As you know, the score is FAKO.  So is the advice.
 
The only thing you should be looking at on TC is the actual reports.
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Regular Contributor
laila08
Posts: 198
Registered: ‎01-25-2008
0

Re: Not enough revolving debt experience. [Equifax]

Thanks for all the replys guys! You guys rock. I think my stuff is to young I am in the aging mode right now and paying off some debt. I think i have plenty of cards. well for me anyway. I don't plan on apping for anything new till next year. (Watch out PenFed!! :smileywink: )
My cards are:
 
Amex blue
BoA plat
Wamu visa(AU)
Juniper(AU)
Discover Open Roads
 
Not to shabby?
apping spree or shopping spree...lesser of 2 evils???hmmm

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