I went to check my credit and it said:
We apologize for any inconvenience, but we cannot accurately provide a score for the credit file you have requested. The file is reported as either unavailable, or does not show any record of credit accounts.
Does that mean I don't have a score? I am only 18 and have not established any credit yet.
2007-09-03 16:56:47 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
You answered you own question.
You are only 18 and have not established a score yet.
This is one of the three ways people get a 0 score. The other two are their credit is so bad that it scores below 300 which is the lowest that F.I.C.O. will report and it defaults to 0. The other is that people have not borrowed anything in a very long time so the credit bureaus have nothing to base a score on.
2007-09-04 02:51:40 · answer #1 · answered by ? 7 · 0⤊ 0⤋
Yes, if you have not established any credit yet you will not have a credit score. The best way to start a credit record is to get a credit card. go to www.creditcards.com and this site gives an explanation of the different cards available. I would suggest a student credit card like uppromise from Citibank or Cap One to get started. You may also want to get a line of credit from your bank for overdraft protection which will report to the credit bureau.
2007-09-03 17:19:31 · answer #2 · answered by yourmtgbanker 5 · 0⤊ 0⤋
It means you have not established any credit. They have nothing to base a score on.
2007-09-03 17:03:50 · answer #3 · answered by bdancer222 7 · 0⤊ 0⤋