Continue to enter your reason codes, one at a time, in the search field in order to generate a list of printable explanations below.
31: No open bankcard accounts
The VantageScore credit score model relies on information in your credit files at the three national credit reporting companies (Equifax, Experian and TransUnion) to generate your score. Because you have no open bank credit card accounts, your credit file does not contain enough information about your use of credit. A mix of different types of open and active credit accounts, including bank credit card accounts, can have a positive impact on your credit score.
What you can do:
Maintaining open and active credit accounts in good standing can help improve your credit score.
A HIGHER LEVEL OF CONFIDENCE
Count on the company behind ReasonCode.org for more accurate and consistent credit scores, too.