.When I pulled my new EQ I got a new item in my negative column that wasnt there before. It seems that EQ is treating my Sallie Mae Student Loan accounts as Consumer finance accounts. Why? Since this is the 4th item on the list and they really help my AAoA, should I worry myself about them being listed as such?
You have a consumer finance account on your credit report.Number of consumer finance accounts on your credit report16 accounts 
Only 12% of FICO High Achievers have a consumer finance account.Consumer finance companies typically grant loans to people with poor credit histories. Their customers often cannot get loans from traditional lending companies such as banks or credit unions. These are often high-interest loans because the consumer finance company is assuming more risk by lending to people with less than perfect credit.
The fact that you have a consumer finance company loan on your credit report means that you represent a higher risk to lenders than someone with no consumer finance loans. Even if this consumer finance account is closed, it will still lower your FICO score. However, its impact on your score will lessen as time passes.What to do about this: You should try to stay current with all of your payments and avoid opening any new credit accounts that you don't need.
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
