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Thank you for your insights.
Though I'm feeling a slight urge to get an Amex, I realize that I could do without.
I know this doesn't make sense----but I sense that the credit card companies still think of me as a risky consumer because of my recent history.
Negative reason code for Experian:
"The remaining balance on your mortgage or non-mortgage installment loans is too high."
There are no negative reason codes for Equifax.
I'm not sure what "B/L" means. The lease is slated to end on 2/28/2021. I had a 640 auto score when I got this lease, thus inflating the monthly payment.
B/L is balance of the loan.
It's $5,519.
@donkort wrote:Thank you for your insights.
Though I'm feeling a slight urge to get an Amex, I realize that I could do without.
I know this doesn't make sense----but I sense that the credit card companies still think of me as a risky consumer because of my recent history.
What recent history?
And yes the negative reason code will stay there until you go under 9% B/L. I'm surprised you don't have it at the other bureaus. But admittedly version 8 negative codes suck.
From 2007 to early 2020, I had at least 50% overall utlization on my cards. My scores were in the low 700s (except for TransUnion, where they were high 600s) from 2007-2009. Then, from late 2009 to January, 2020, I had 660-680 FICOs for the vast majority of that time. I had about a 615 TransUnion score from 2/2013 from a 30-day late. But that score recovered pretty rapidly, back to the 660s again.
I only paid the minimum payment on cards at that time, barely keeping myself afloat.