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Oil Company Trades?

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Anonymous
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Oil Company Trades?

"Too many Oil Company Trades"

 

I saw this on my credit report from a monitoring agency in Canada.  I called and asked them what it means, even though he "explained it" it still doesn't make sense.  I've never heard of this term before.  Supposedly it means that I have too many revolving credit accounts.  I asked the rep - "well then why don't you just say this is too many revolving credits accounts?"  and he says that this is a very common term that everybody uses.  I am crying BS on this one.  Anyone else heard of this particular terminology?

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1 REPLY 1
haulingthescoreup
Moderator Emerita

Re: Oil Company Trades?

Don't worry about it. This is not a FICO scoring point, so it won't affect your score here in the US.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
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