mortgage applic. & credit score disclosures
We're about to build and wanted to get pre-qualified so we'd be certain of our limits, etc. Anyway, hubby and I each received our credit score disclosures. They're both good, thank goodness (his better than mine, but weird since our names are joint on everything), but mine says this as to why it's less than the maximum score possible:
Too many inquiries in last 12 months.
No recent revolving balances.
Amount owed on revolving accounts is too high. (huh?)
Lack of recent installment loan info.
Who makes inquiries and how many is too many? I've not applied for, or bought anything requiring credit checks in a long while (except I guess when we leased the apt. in our new location).
We don't carry balances on our 2 credit cards, paying them off fully each month (so no revolving balances) and yet the very next statement says that "amount owed on revolving accounts is too high". Which is it? I don't get it.
Should I worry about this?