2007-09-09 08:03:13 · 7 answers · asked by cuteness 4 in Business & Finance ➔ Credit
I'm assuming that when you say you have no credit, you mean that you have never had a credit card or any formal established credit. If that is the case then you have no credit score.
If I were to pull your credit report right now the bureaus would say they have nothing to report, therefore no-score.
2007-09-09 08:07:30 · answer #1 · answered by loancareer 3 · 1⤊ 0⤋
If you don't have any credit, you won't have a score.
I pull credit reports every day for my clients and I often see statements from the credit bureaus that say "No Score, insufficient credit" b/c they don't have any lines of traditional credit.
It's not a bad thing if you don't have a score. I always like to say that having no credit is better than having a bunch and it's messed up.
Good luck!
2007-09-09 09:06:29 · answer #2 · answered by YSIC 7 · 0⤊ 0⤋
"Having no credit is worse then no credit" is a complete myth. Having bad credit is way worse then having no credit. When you have bad credit no one will take a chance on you when you have no credit there is someone who will or you can at least get a co-signer on a loan.
Plus it is easier to build good credit starting off with no credit then it is to recover from having bad credit.
And if you have no credit you may not have a credit score. As someone who used to review credit reports for a living I have seen plenty of reports with no fico at all.
2007-09-09 09:16:18 · answer #3 · answered by Amanda 3 · 0⤊ 0⤋
It's actually worse than having bad credit you basically don't exist been there done that so you need either some kind of loan car etc or a credit card although I would avoid that route and you'll be fine in a few years granted you pay your bills on time
2007-09-09 08:11:28 · answer #4 · answered by Crystal 2 · 0⤊ 2⤋
That's just as bad as having bad credit.
2007-09-09 08:06:05 · answer #5 · answered by SandraD 3 · 0⤊ 2⤋
Everyone starts out at 450.
2007-09-09 08:07:56 · answer #6 · answered by Country Girl 2 · 1⤊ 2⤋
Ask FICO , only they know the real answer for your social security number .
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2007-09-09 08:07:35 · answer #7 · answered by kate 7 · 1⤊ 2⤋