LogFAQs > #971605556

There's more credit reporting places than the big three and banks will use ones that are either more tailored or cheaper for them to use.

The reason having a revolving balance looks better is because it shows you pay something back constantly. Usually something like a car payment and occasionally rent payments are seen as way better indicators of being able to pay off something. A tiny credit card balance really isn't weighted too much anyway and the lender usually weighs everything they see alongside a credit report.

Someone with a car payment of 4 years with a credit score of 700 can often look better than an 800 score with nothing going on to the person dealing with the loan request. Some bigger factors would be DTI and any negative marks

It is dumb and arbitrary for non-automatic approvals from my experience