CJSmith241 wrote:On my Experian report, it says that one of the reasons why my score is the way it is, is because I have a high number of consumer finance company accounts being reported. It never said this until a few months ago. I only have three credit cards, a student loan and a car loan from Toyota Financial. Is this what they are talking about? Thanks for your replies.
Message Edited by CJSmith241 on 04-15-2007 07:46 PMToyaota financial is neither a bank or credit card so it may be interpreted as a CF. Though I wouldn't expect that. The reasons change a lot depending on the impact to the score. Usually CF are finance companies like Beneficial or Citifinancial. It may just be showing up now because before there were other factors that weighed more heavily. Do you have any finance company accounts on your reports?