Continue to enter your reason codes, one at a time, in the search field in order to generate a list of printable explanations below.
P76: Your credit file has enough history on your use of installment loans
An installment account is one with a fixed monthly payment for the life of the loan. Auto loans and student loans are common examples of installment loans. A credit file with sufficient accounts and credit history, including installment loans, reflects more experience in handling credit. More experience can have a positive impact on your 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.