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explanation regarding what they said on my credit report

New Member

explanation regarding what they said on my credit report

HI,

 

i went to applied for a loan today i got approved and i asked for a copy for my credit report.

the credit report says score +657 :lenght of time accounts have been established,lack of recent bank revolving information ,amount owed on account is too high,too many inquiries last 12 months.in addition to the factors listed above the number of inquiries on the consumers credit file has adversely affected the credit score.

i am new of this world of credit score i didnt have a credit score and credit history im trying to build one.i started at the beginning of this i got a car loan i got 2 credit card one from the bank and the other from target store all my bills are always paid on time.

can you guys explain to me what they meant by all the informations they put on my credit report.

is 657 bad as credit score?what what should i do to raise my score?

my goal is to get 780

i really need some advice

thanks

1 REPLY
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Valued Contributor

Re: explanation regarding what they said on my credit report

Here is a link tha t might help you understand the reasons on your credit report.

 

http://www.scoreinfo.org/FICO-SCORES/Pages/Score-Factors.aspx

 

 

Equifax My FICO score 814 11/29/2016, Discover TU FICO 807 12/29/2016 Citibank Equifax Bankcard FICO score 827 12/27/2016 Average of Accounts 13 years and no Installment accounts, 1 TU inquiry in 2015