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RV: Too high proportion of revolving account delinquencies/derogs are recent
Revolving accounts allow you to carry a balance and your monthly payment will vary, based on the amount of your balance. A delinquency is a payment that was made 30 or more days late. Too many late payments occurred recently on some of your revolving accounts. Late payments are a proven indicator of increased risk. People with late payments are at risk of being overextended, putting existing credit with lenders at risk.
What you can do:
Paying bills on time every month is important to maintaining a good credit score. If you remain behind with any payments, bring them current as soon as possible, and then make future payments on time. Over time, this will have a positive impact on your score.
A HIGHER LEVEL OF CONFIDENCE
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