Hey...I've been digging around at Lexis-Nexis and found some interesting information that was posted in the reason codes! It actually refers to the original reason for this thread!
One of the reason codes is "Number of Retail Accounts Established".
Look here:
And wow....
This one confirms what we only suspected before. The number of OPEN retail cards affects your auto insurance score! And not in a good way!
Look here:
Okay, last one...
They have a couple of hundred reason codes at the Lexis-Nexis website. I believe that each code corresponds to a variable used in their scoring algorithm. Seriously. They have reason codes for anything that you can think of.
Here's the last one:
@jamie123 wrote:Thomas_Thumb that is great information!
Did you know that an auto insurance score is offered for free at CK? It would be very interesting to find out how your Lexis-Nexus score compares to the free CK score.
You can find it under Auto Savings and then the Insurance tab. It will be located on the left column.
This is what my score looks like:
It says it is a Trans Union score but being from CK I have my reservations.
Thanks, I didn't realize CK still had auto insurance scores. My current score is 836. The majority of my cards are currently reporting balances (two over 30%). I also have all kinds of new cards (including one retail). I will have to keep an eye on the score now that I know a little bit more about the factors that go into the auto insurance score.
Edit: Fixing a mistake. I reported my TU score for getting a new car loan (792). The TU insurance score is 836. So still not good. I will watch it to see how much it bounces around based on my util.
Here is some information on how to interpret your TransUnion Auto insurance score from Credit Karma (and yes, it is a TU score). Presented below is a summary table and score distribution chart pieced together with data from 38 posted scores [Highest 940, Lowest 635].
A couple poster graphs have also been included for reference.
| Credit Karma | |
| TU Auto Insurance Score | Score Rating |
| 895 & above | Very Good |
| 860 - 889 | Good |
| 825 - 859 | Fair |
| 760 - 824 | Poor |
| 759 & below | Very Poor |
Insurance risk scores (both Auto and Home) are available directly thru TU as well. Their category ratings differ from CKs a bit.
We've shown it is possible to reach 850 with a "very good" credit mix, but what does it take to have "excellent" credit mix?
Does it take a store card to have "excellent" credit mix? Can anyone with "excellent" credit mix post a screen shot?
Unfortunately the 3B report does not speak directly to a credit mix rating. I have open: Charge card (AMEX), Store card (Best Buy/Cbna) and major credit cards (FIA Visa signature, AT&T Universal/Citi Mastercard, Discover card, AU on BoA Mastercard. Closed includes a Kohls/Capital One and Chase Bank Mastercard
Pasted below is my 3B summary from July when my file was transitioning (10 year age offs of closed mortgage and a major credit card - thus the difference in # accounts between CBs). Some of the "current accounts" are closed accounts. I realize it does not address your question specifically but may help show what works in other areas
