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Question By
bobblake

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I have a lower score because I only 4 active credit accounts. This wrong. I do not abuse credit.

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Top Contributor
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You can have a very few accounts

And still have a high score.  But there is a lot more to credit than the number of accounts and weather or not you "abuse them"

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Reply by
EddyTX

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3675 People Helped

what is your Utilization rate?  is it over 30% of your total available credit?  are any of your balances more than 50% of the credit limit on any one card?  Been late with a payment in the last 7 years?

Do you have a mortgage or auto loans?  how about a personal loan or a line of credit? Is your credit protfolio "Diverse"?

All these and more can drive your credit score down fast. 

Take some time to educate yourself on how all this works.  There's a reason they call it the "Credit Game".  There are rules that everyone must follow.  Learn them and learn to use credit to your advantage. 

Good luckl

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