Hello I was curious, only have one revovling account and it really hurts my credit score why ? I'm always on time with payments and been with them for 5 years.

Amy Miller

Make sure you do not carry too much balance. It is recommended to use only up to 30% of your available credit. If you can pay off the card balance in full each month, do it. The less you owe, the better. If you have other credit accounts, make sure they are in good standing as well and you pay them accordingly. Keeping only one credit account in good standing won’t help your credit score. Note that there are other things that may lower your credit score: newly opened or closed credit accounts, bankruptcy, charge offs, loan default, late and missed payments, maxed out accounts, unpaid bills, or too many credit card applications at a time. You can get a copy of your credit reports to see what bad marks you have on them.