Being refused for credit does not necessarily mean you’ve got a poor credit rating, it may be as you don’t have a lot of or no credit score after all.
Exactly why is credit essential?
Even although you’ve never ever had issues with financial obligation, you might still get refused for credit. If you have never ever had almost any credit arrangement, be that a loan, charge card, as well as a cell phone agreement|phone that is mobile, you’re basically “invisible” to lenders, and a blank credit score may be in the same manner ugly as one filled up with missed payments.
