HOW TO ID A CONSUMER FINANCE ACCOUNT?

[Anonymous]

Hello fellow "credit enhusiasts",

1 of the negative items noted here about my credit is that I have a "consumer finance" account (and that it didn't matter if it were closed). 

• Is there a way to differentiate an account of this type?
• Why does it make such a difference (espcially in the face of all the other good credit risk indicators)?  I know creditors see it as kinda "guilt by association" given a cnosumer credit co.'s normally "high-risk" clientelle (1 indicator being the higher interest rates), but the loans that I can think of all had lower interest rates than a standard credit card; it was actually a better deal!
• Are there any other account types that are viewed by whatever formulas they use as damaging?  Maybe we could get a list in "damage" order (perhaps from a moderator)?  I know about revolving accounts, etc.

Thanks!

[Anonymous]

A few threads I found on the subject of CFCs.
http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&message.id=1722
http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=16728
http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&message.id=1989

CFCs seem to be the only group that is singled out as adverse, even if you pay it ontime every time.
http://ficoforums.myfico.com/fico/board/message?board.id=forumsfeedback&message.id=200#M200
http://www.financial-education-icfe.org/financial_news_press_releases/2004/20040726_adverse_action_c...

The singling out of CFCs as adverse is yet another way to further the divide between the Haves and the Have Nots as America continues her headlong plunge into plutocracy.

[Anonymous]

Also TransUnion *may* post a comment on the bottom left for account type : Consumer Finance instead of Revolving or Installment.

I write *may* since I don't have any CFAs, so I haven't seen if TU notes this, but worth a look see.