i cant get a credit score?

Question

my credit is clean there is nothing on it .so how come i cant get credit . or a score what do they base the score from

Answer 1

In order for a score to be calculated, there has to be at least one revolving (credit card or store credit card) account that has been open for at least 6 months and that has reported within the past 6 months. If these conditions are not met, there is nothing to base the score on and therefore it will not calculate.

Answer 2

If you never borrow money and don't have any credit cards then companies have no idea whether you are a good credit risk or not. The easiest way to establish some credit is a secured credit card... you give a company a sum of money usually $200-$500 and that becomes your credit line. With on time payments and wise use of the card you can usually establish a score and get a regular credit card from that company, then you get your deposit back. The score is based on an equation that nobody really knows as it is not released to the public, however it uses factors such as: inquiries, amount owing, available credit, payment history, and number of open and closed accounts.

Answer 3

If you can't get a normal credit card due to lack of credit history, you may want to consider applying for what's known as a "secured" credit card. Basically this is a credit line secured by money you give the issuing bank.

Example: You give the bank that issued you the card $1000 dollars. You now have one-thousand dollars of credit to spend. It's called secured because since you pay up front...the bank isn't at risk of loosing any money. Doing this will establish a credit history for you. As long as you never, ever make a late payment....you should be able to be approved for an "unsecured" credit card within a relatively short period of time.

Answer 4

Have you ever had any credit? Sometimes it is hard to establish the first time out.

A good way to start is to open a secured credit card account. Go to a bank and deposit money into an account which covers the limit you want on your card. Over a period of about 12-18 months, when you have made ALL your payments on time, they will unlock the account, let you withdraw they money, and you will have a regular, unsecured account. If you ask, they will usually up the limit for you.

Answer 5

Score's are based on your credit report. If you have no report, there's not much point in trying to get a score. Get a credit card, use it for a few months, paying it off each time, and then try to pull a score.

Answer 6

You have to establish some credit in order to get a score.You can try to get a secured credit card to start establishing some credit history. Also, if you have a local jewelry store or furiture store near by, sometimes they will let you open an account with a small line of credit.

Answer 7

If you dont have credit than you wont be able to get a loan or credit card. What I recommend if you dont have any credit is to apply for like a store card such as Target, Sears, Kohls..etc. if you are approved for a card the interest rate will be high but if you pay it off and dont carry a balance you wont have to pay the interest. If you do pay it off and dont carry a balance, your credit score will go up and you will be able to get more credit.

Answer 8

concern a million: it may well be because you "under no circumstances had any charge playing cards". maximum organizations now provide credit in trouble-free words to those who have already had charge playing cards in the previous, no longer to all and sundry who hasn't ever achieved so. concern 2: Your Experian credit status would no longer be the credit status that the businesses who refuse to approve you're using. they'd be using one in all of your different credit rankings.

Answer 9

You look like my long lost twin susan.