Continue to enter your reason codes, one at a time, in the search field in order to generate a list of printable explanations below.
P55: Open real estate account balances not too high compared to loan amounts
A real estate loan can be a first mortgage, a home equity loan, or home equity line of credit. Your balances on real estate accounts are not too high compared to the original loan amounts, which causes your score to improve.
What you can do:
Keep low balances on your accounts; this will benefit your score.
A HIGHER LEVEL OF CONFIDENCE
Count on the company behind ReasonCode.org for more accurate and consistent credit scores too.