0
You have not established any credit, such as a credit card, auto purchase so nothing is going to show on your credit history.
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∙ 16y ago
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Do you pay off your credit history if you have a insufficient credit score?
If you have n't a sufficient credit score, you don't pay off your credit history. It is impossible.
What does insufficient credit mean?
Insufficient credit mean that there is either "no credit" information available or not "enough" credit information to base another credit decision on. He/she has not financed a car, loan, and/or a charge card at all or has only had it for a very short period of time (6 months or less). In other words, if you are looking for a loan, and I pull your credit, and there is nothing there to show me that you will or can pay on time, you have insufficient credit on which to base a decision.
What does insufficient credit file mean?
There is not enough credit history for the lender to make a decision. The credit file is a history and if it doesn't go back far enough, or have enough accounts on it, they can't make an informed decision. To solve try to get small things that will appear on your credit, possibly a card with a 500 dollar limit, etc.
How do you apply for a loan if you have insufficient credit history?
A bank will use various criteria to ascertain whether you are a good risk to lend money to. Your credit history should not be described as insufficient. It is an historic picture of your past credit situation. You cannot change this. Apply for a loan only if you feel you have a good chance of being successful, because the result of the loan application could be shared with other lenders. Speak to someone first before applying.
What does a credit score of 9003 mean?
Score not available due to lack of credit history.
Do you pay off your credit history if you have a insufficient credit score?
If you have n't a sufficient credit score, you don't pay off your credit history. It is impossible.
What does insufficient credit mean?
Insufficient credit mean that there is either "no credit" information available or not "enough" credit information to base another credit decision on. He/she has not financed a car, loan, and/or a charge card at all or has only had it for a very short period of time (6 months or less). In other words, if you are looking for a loan, and I pull your credit, and there is nothing there to show me that you will or can pay on time, you have insufficient credit on which to base a decision.
What does insufficient credit file mean?
There is not enough credit history for the lender to make a decision. The credit file is a history and if it doesn't go back far enough, or have enough accounts on it, they can't make an informed decision. To solve try to get small things that will appear on your credit, possibly a card with a 500 dollar limit, etc.
What does insufficient means?
Insufficient credit mean that there is either "no credit" information available or not "enough" credit information to base another credit decision on. He/she has not financed a car, loan, and/or a charge card at all or has only had it for a very short period of time (6 months or less). In other words, if you are looking for a loan, and I pull your credit, and there is nothing there to show me that you will or can pay on time, you have insufficient credit on which to base a decision.
How do you apply for a loan if you have insufficient credit history?
A bank will use various criteria to ascertain whether you are a good risk to lend money to. Your credit history should not be described as insufficient. It is an historic picture of your past credit situation. You cannot change this. Apply for a loan only if you feel you have a good chance of being successful, because the result of the loan application could be shared with other lenders. Speak to someone first before applying.
What does a credit score of 9003 mean?
Score not available due to lack of credit history.
What is mean by credit approval?
Credit approval means your credit history will have to be checked before you can be approved for a loan, credit card, etc. If your credit report (history) is not good, then the chances are you will be turned down for a loan, credit cards, etc.
When does 'concentration of credit risk' occur?
Credit concentration risk is a result of loan portfolio insufficient granularity (large single name exposures) or insufficient sectoral or regional diversification.
What must you do if you arent able to get a credit card?
It depends WHY you're ineligible for a credit card ! If it's because of a bad credit history (ie missed, late or insufficient payments) - there are cards available that will help you rebuild your status. Credit companies are literally 'falling over themselves to hand out credit cards these days.
What is mean by approval?
Credit approval means your credit history will have to be checked before you can be approved for a loan, credit card, etc. If your credit report (history) is not good, then the chances are you will be turned down for a loan, credit cards, etc.
If you are a secondary card holder yet you have been the only user of that credit card does it mean you still have no credit history?
If you are on the account your are building a credit history, hopefully a good one.
What is a credit score 9003 mean?
It means that your credit bureau did not have a sufficient credit history, and instead sent a filler number to populate.
