yes
History of credit in the Philippines is common when one is borrowing money. The lender will look at your credit history so as to determine the ability to repay money borrowed.
It's possible, yes.
It is possible to apply and be accepted for a credit card with no credit history but it can be difficult. Some ways around it are to apply for a store credit card as they are known to accept people who have no credit history more frequently than through other methods. Also some credit card companies have an option to include a co-signer who can help with your chances of being accepted if they have a good credit history.
It is possible that you will show a low credit score if you have no other loans, credit cards, etc. You have to have revolving accounts or other accounts to establish credit. If you are having trouble getting a credit card you can try and get a secured credit card, or have a co-signer help sign with a application for credit.
There is no credit system in the Philippines, They dont even know what is a credit system
There is no credit system in the Philippines, They dont even know what is a credit system
If they have never taken out a loan, credit card, or anything else, there is no credit history. You should start building credit while in college - small credit cards and student loans are good ways.
You are a separate, legal entity from your father, your credit rating should not be affected by your father's credit history. It is however possible that you may have been mixed up with you father is you live at the same address and have the same or similar names. It should be possible to check this out by asking for your credit history statement.
Yes you can. Everyone starts off at some point without a credit history, and there are options available for people who would like to get a credit card without any history of having one. They can start to build their credit history by applying for a secured credit card or applying for a joint credit card with someone who has an established credit history. The third option available to someone who has no credit history is to find a credit card issuer catering to first-time customers and offer student credit cards or bad credit credit cards or just plain and simple credit cards that are able to be approved for with little or no credit history.
"Yes. If you have good enough credit, and a good stable employment history, there are several credit cards you can apply for and then if you are approved you can instantly use them."
continental credit bank
Have a parent or adult w/credit history co-sign on a credit card in your name. Also start to put utilities in your name when possible.