FICO score reason code · Code 98
“Length of time consumer finance company loans have been established” — Decoded.
That line on your denial letter isn’t an insult — it’s a standard reason code, and it’s telling you exactly which lever moved against you. Here’s what it actually says about your file, in plain English.
The short answer
“Length of time consumer finance company loans have been established” means: Your finance-company loans are recent, which compounds the risk signal those lenders already carry. It does not mean: You did anything wrong by taking the loan — the age of it is the issue, and that fades with on-time payments. The 800 Club’s team turns this reason into a plan on a free strategy call.
Lever: Credit Mix
Build Phase — time and structure, not tricks