43: Lack of sufficient credit history on bankcard or revolving accounts


Bankcard accounts include credit cards and charge cards from a bank and are frequently revolving accounts. Revolving accounts allow you to carry a balance and your monthly payment will vary, based on the amount of your balance. Your credit file does not contain enough information about your use of bankcards or revolving accounts. A credit file with older accounts and/or more accounts reflects more experience with handling credit and can have a positive impact on your credit score.


Maintaining open and active credit accounts in good standing can help improve your credit score.