Valued Contributor
GregB
Posts: 1,669
Registered: ‎05-24-2007
Re: What are consumer finance accounts?

Mustanglvr,

 

I didn't mean to be critical of your answer but reading it after the fact it reads like I was. Please accept my apology.

 

Your answer is correct in the meaning of the word in general. I made an assumption based upon the question being in the "Understanding FICO Scoring" forum.

 

I was referring to the FICO specific negative when your credit report contains "consumer finance" accounts. FICO seems to have chosen a very narrow meaning of the term.