12 Approaches To Build Credit Whenever You’ve Got No Credit Rating
You may be confronted with one of life’s great contradictions: To get credit, you must have a credit history if you are trying to build credit.
We’ll show you the way to create a credit score in an instant, but let’s that is first the way the three significant credit agencies, Experian, TransUnion and Equifax, view individuals who don’t use credit, or possibly have tried it once or twice over many years.
When you have no credit history – never used credit cards, haven’t had a car or truck loan, never paid a home loan — you may be just what the credit agencies relate to as “credit hidden.” You are considered “credit unscorable” because there is just not enough information to generate a credit score if you have occasionally used some form of credit – probably a credit card, but possibly paid off a loan of some sort years ago.
