Reason code 4..

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

How do you pull TU12? Is it here on myfico and if so, is it the same as ordering the $19.95 TU score here on the FICO scores page?

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Take your controller, hit up, up, left, triangle, circle......no wait, wrong forum. Visit www.myfico.com/12 :-D

  I'm glad it's not a video game cause at my age I would hurt myself. 

Congrats on buying a home without a mortgage.  It is my personal belief that the younger generation will be so beyond crazy well-informed (much more than previous gens) that they will be able to game these archaeic financial systems into the ground. Work it!  (before they catch on)

[Anonymous]

TU Code 4 (Code 32 for Equifax and Experian) penalizes you for having a lack of recent installment loan information. This falls under the roughly 10% of the weight of the credit scoring formula that is reserved for a credit mix. You can have a good score without having installment loans report to your credit profile. You just cannot expect to have the highest scores if there is no data on installment loans. It doesn't mean that you are necessarily a greater credit risk without installment loans. It does however mean that they do not have enough information to rate your likelihood to repay an installment loan, which will therefore keep your score from reaching the higher range.

Source: [Edited]