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DWC53

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Need help with this. Please explain what this means.
Regretfully, your request cannot be approved at this time. TOO FEW REVOLVING ACCOUNTS ACCOUNTS IN COLLECTION OR 60 DAYS PAST DUE OR ADVERSE PUBLIC RECORDS NUMBER OF MONTHS SINCE CREDIT ACCOUNT IN COLLECTIONS IS TOO LOW SUM OF CREDIT LIMITS ACROSS ALL OPEN REVOLVING ACCOUNTS TOO LOW. Thanks to all that helps me.

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Okay, this is a form letter sent out to let you know you were not granted credit and the reasons shown are ALL of the reasons used to deny credit, not specifically for you.  Those reasons are "too few revolving accounts" which means your credit history does not show sufficient credit card usage to satisfy the company's requirements "accounts in collection" (bills due were not being paid so got sent to collection agency--usually after 90 days), 60 days past due (shows history of late payments) "adverse public records" (usually means having a court judgement like a wage garnishment, or filing bankruptcy, or tax lien).

Any time you have accounts in collection and they remain so for along time, that's not good. 

A good credit score has positive marks and also includes having available for use (though you don't have to use it all) a large amount of credit.

Please read the articles on this site so you can better understand what you may need to do to build your credit score.  It takes time and a bit of effort but is so worth it.    

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