I've had a credit card that *IS* reporting all my account activity (which is all positive) with a nice limit. Yes, I have spent and paid on the account, so it does have monthly activity.
I also share a bank account with my fiancee.
I've had this card for 6 months and I know they are reporting my transactions because it is showing up on my credit report.
HOWEVER, I still don't have a credit score!! It's at 0, and I don't know why. Does anyone know why it would be like this?
I haven't moved or changed my name.. or ANYTHING that would effect it.
2007-01-24 03:29:16 · 9 answers · asked by K 2 in Business & Finance ➔ Credit
For those of you who are telling me to get a credit report, thanks but I already have one. That's how I know it's at 0.
Also, I'm not completely paying off the card. I leave a balance on it at the end of the money.. I'm not completely naive and I know how this works. That's why I'm baffled. I have my phone in my name, too, but I'm not sure that any of this is helping me.
My fiancee built his credit over YEARS, yes, I realize that. But he had a SCORE by 6 months. A lower one, it took him time to build up, but at least he had a score..
That's what I'm confused about.
2007-01-24 03:42:22 · update #1
score range from 350 - 850. if you have no score then the trade has been open to short a period of time to score you. Give it time it will. Also open 2 more lines and pay as agreed and it will soar. Most of the things you mention have absolutely nothing to do with your credit score. If you are looking to buy a home for example you do not need a score at all. You will have to build alternative trade lines such as eclectic, cable, auto insurance etc to get a manual underwrite done. The manual system gives you an automatic score of 619 and you can get a conforming loan on a home.
2007-01-24 03:56:45 · answer #1 · answered by golferwhoworks 7 · 0⤊ 0⤋
The fastest way to build credit is to buy a car or get a loan where you have to make monthy payments. Charge cards are not enough. Hint: those furniture loans that offer 0% interest or no payments for 2 years are not good credit builders. You have to look at the quality of the lender as well as the terms of the loan when trying to build your credit. It does take time - 6 months is not a long time. People spend years building their credit histories, that's why they are so important.
2007-01-24 03:39:05 · answer #2 · answered by PRS 6 · 0⤊ 1⤋
If you are paying off the full balance every month it will never register. Buy something...make the payments for a few months but, don't pay it off to quickly. You need to get some history going. Get a small personnal loan for an item, make the payments and pay it off on time. Not one of those 0 interest retail comeons either. A real loan.
2007-01-24 03:34:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Banking doesnt add to credit-sorry. Things that add to credit are paying ontime, like a car or a house, or a credit card- it would take a couple years to build credit on a credit card alone, you need to pay it off, and then add more and pay it off etc. Its better to pay alittle more then the miniium each month to build up credit history. Possibly even a celluar phone would add to credit. It takes years to build up a credit history, it dont just happen overnight.
2007-01-24 03:34:11 · answer #4 · answered by cats4ever2k1 5 · 0⤊ 0⤋
you've reached default. this signifies that your score is decrease than the minimum score and is defaulted to the bottom score of 0. I do ought to say that if it really is truly your score, you're the first I have heard of to be at this aspect. i might want to contact the three credit organizations and be conscious if there is an blunders in reporting on your credit document.
2016-10-17 03:06:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It takes a long time to build up credit. 6 months on one credit card isnt very long.
2007-01-24 03:31:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You probably have to carry a balance, i.e. not pay off the entire balance on the account each month, in order to improve your credit rating. Credit card companies, who are in cahoots with the credit bureaus, call customers who pay off their balances each month "deadbeats," believe it or not.
2007-01-24 03:31:42 · answer #7 · answered by Anonymous · 0⤊ 0⤋
well you need to try to get your own bank account your self...I have never really checked my credit score so I wouldn't know how low or high it is but i have my own bank account, own credit card, car payment, car insurance, cable, water, electricity bills, etc. somethings may require having to buy a car or something very expensive.
2007-01-24 03:38:47 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Order a free credit report from Equifax or Transunion. You are entitled to 1per year free. After you receive it, if it still does not show up ask them why?
2007-01-24 03:33:24 · answer #9 · answered by D J 2 · 0⤊ 0⤋