3b report question

[Anonymous]

Hello everyone i just recently ordered a 3b report here and i have a few questions.
There is a page that says risk rate
- I am 13%. What that means?
Is that good or bad? Is that more important for mortgages or credit cards?

- Another on the mortgage scores says i have a consumer finance account on my credit report. I only have CC’s. What is this?
And only shows on equifax.

[FireMedic1]

Whats the name of the account thats a CFA? Could be a closed one from the past thats still on your reports.

[Anonymous]

Thank you. I didnt see any name for it. Just say that. But all my derogatory are closed. What that word even mean?

[FireMedic1]

FICO doesnt like CFA's and its a hit until it falls off your reports. You may have had a furniture loan, GM Financial, Affirm, 0% finance for so many months type loan and many other loans that report as a CFA. Check your annual reports and see whos listed as such. And sometimes it isnt listed. Somebody from the past was a CFA or now maybe. Its hard to tell.

[Anonymous]

Thank you so much. i will need to find out more as it doesn't not say any bank etc...