What does “too few accounts paid as agreed mean?”

Too few accounts, have you seen this on your report and wondered what it meant?
We recommend you have several revolving accounts and installment accounts reporting “paid as agreed”.
So If you have 4 credit cards however 2 have them have late payments in reality you only have 2 accounts reporting paid as agreed.
Managing your credit is very important, and many factors play a part.

So yes, having too few accounts reporting “paid as agreed” can negatively affect your credit score.

 

We recommend you apply for a secured credit card and pay on time to help you raise your credit scores in the long run.

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