No Credit File or Score
Unfortunately, no credit can be worse than bad credit.
People who have never had credit are the worst credit risks possible
If you check your credit and it says no credit file, then the credit bureau has no information on you.
You need to start establishing credit as soon as you can. It will take a few years, with a few credit accounts and timely payments to build a history and build a decent credit score.
If you do have open credit accounts, and they do not show on your credit report, check with your creditor, and the credit bureaus to see why they are not reporting. Usually, it is due to having different names on the accounts.
| Quick Credit FAQ |
| Up to 60% of people who check their free credit report find errors. |
| Credit Professionals recommend a credit check at least 2x yearly. |
| You may obtain a free credit check if you've been denied credit in the last 60 days or once annually. |
| There are 3 credit bureaus which collect information from major creditors. Equifax, TransUnion, Experian. |
| Your credit report lists all the accounts and payment history for the last two years; liens and judgements for 7 years; bankruptcy 10 years. |
| From your information a credit score is calculated. Credit Scores range from about 400-820. A score of 700 or above is very good. |
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