Can Your Thin Credit Report Be Scored?

Can Your Thin Credit Report Be Scored? Auto Loans by John Ulzheimer Share Share Email Every industry has its own unique terminology and the credit industry is no exception.  One of the common terms used to describe credit reports is “thin,” which is a description of the amount of information housed by the report. What […]

What’s an “Open” Account and how are they scored?

What’s an “Open” Account and how are they scored? Credit Cards by John Ulzheimer Share Share Email Open, closed, usable, not usable…an Open account simply means it’s not “closed”, right?  Nope, it sure doesn’t. An Open account is a specifically designated account type rather than the status of a revolving credit card account.