topic Re: Consumer Finance Comanpy Accounts in General Credit Topics

Consumer Finance Comanpy Accounts

Anonymous — Thu, 29 Aug 2013 16:26:30 GMT

Recently pulled my report through Equifax and it had a "Too many Consumer Finance Company Accounts" negative on it. The problem is, as far as I know I have zero of those, unless I'm misunderstanding what they are. I have 3 credit cards with Capital One, one credit card with Citi Group. I have an auto loan through Capital One. Those are all the lines of credit that I have. Are Capital One loans considered consumer credit loans?

Re: Consumer Finance Comanpy Accounts

pizzadude — Thu, 29 Aug 2013 16:56:02 GMT

Are any of your credit cards store cards ?

Re: Consumer Finance Comanpy Accounts

Marcos8 — Thu, 29 Aug 2013 17:07:09 GMT

I'm having the same problem I have no idea which of my accounts are consumer finance accounts...

Re: Consumer Finance Comanpy Accounts

Anonymous — Thu, 29 Aug 2013 17:52:44 GMT

I don't have any store cards

Re: Consumer Finance Comanpy Accounts

Anonymous — Thu, 29 Aug 2013 22:08:23 GMT

This notation could also apply to a closed account that appears on your credit report. As mentioned above a lot of merchant accounts are coded this way as well as some of the more risky consumer loan accounts. It is not a large negative anyway and if this is in your top three reasons your score could be better then you are doing alright.