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It means that you do not have a credit yet.Aplly for a credit card at locally store and charge something then pay it off right awat then you will have a credit rating.

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โˆ™ 2005-12-08 16:38:34
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Q: What does a 0 on your credit rating mean?
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Related questions

What is a poor credit rating?

a poor credit rating would be 0


What does a credit rating of A mean?

Means the person with the A rating is trustable


What does a 1 credit rating mean?

its not phisically possible


What does the bond credit rating assess?

Bond credit rating is used to assess the credit worthiness of a corporation or government's debt issues. A bond credit rating is similar to a credit rating that an individual person receives.


What does a 0 balance charge off mean?

A 0 balance charge off means that the debt company has given up trying to collect the debt. It may sound good, but the effect on the credit rating is very bad.


Is unknown status on a credit report negative?

Normally a credit rataing, like for example, the CIBIL rating contains marks or points on which the credit rating of a loan applicant is determined. If the credit rating is high, then the credit rating of that person is good. If the points are low, say for exqample around 400- 450, it is risky to give a loan such a borower. Such a borrower is not credit worthy!!Thus a credit rating either relects a positive or negative score. But the credti rating also indicate "0" (Zero), whichi is an unknown status. We will not be knowing the credut history of the borrower.A "ZERO" credit score indicates that the borrower has no credit exposure so far and he has not availed any loan from any bank. That is why the credit score is shown as zero! Thus a zero credit score does not mean that the credit history of that borrower is bad!! It indicates that the borrower has not so far availed any loan from any credit institution.M.J.SUBRAMANYAM, XCHANGING, BANGALORE


What does 09P mean on credit report under rating?

This is the rating of your account. A R09 basically means that it is a charged off account.


What is a credit ratingvgggjgggg?

A credit rating is a rating of how well a person pays their bills. If bills are paid on time the credit rating goes up.


Where can one obtain a 0 APR introduction credit card in Alberta?

The only place that routinely gives an APR of 0% as an introductory credit card is Capital One. You can also ask your current bank for a good deal if you have a good credit rating.


What number is a score?

A credit score is a credit evaluation rating. The British use score to mean the number twenty, as well.


Can your credit rating or score improve without using your credit card?

Yes, your credit rating is based upon all forms of credit, not just your credit card. For example if you have a telephone on a plan, this is a form of credit and that will add to your credit history which increases your credit rating.


When bad credit expires does the credit rating go up?

No. Your credit rating will remain the same long after the bad credit has expired. In order to get a better credit rating, you'll have to obtain a credit card or loan of some sort. Making monthly payments and staying within the credit limit will gradually improve your credit rating over time.


How can you improve your car credit rating?

Increasing a car credit rating is the same to improve as ones overall credit rating. The most effective way to improve a credit rating is to make payments on time and of the correct amount. Another key component to improving the rating is to pay down all credit balances that are outstanding.


What do you mean by P1 rating in bonds and debentures?

P1" is the highest short-term rating category for Moody's Investor Service. P1 rating are considered to be of high credit quality


What is the purpose of a credit rating?

The purpose of a credit rating is to determine a person's creditworthiness.


When was Pacific Credit Rating created?

Pacific Credit Rating was created in 1993.


What information do the credit bureaus use to figure the rating?

»Payment History 35%»Amounts Owed 29.5%»Length of Credit 15%»Credit Variance 10%»New Credit 10%»Personal Information Variances 0. 5%


What is the key purpose of credit rating agencies?

The key purpose of credit rating agencies is to assign a rating to businesses and entities that issue certain types of debt. These rating help to determine the credit worthiness of these establishments.


What is the difference between credit score and credit rating?

The difference between credit score and credit rating is simple Credit score (or credit history) is the history of paying back debt where as credit rating the the reputation for paying back money owing


How many credit rating agency in India?

there are 7 credit rating agencies in INDIA


If a defaulted student loan is consolidated with repayment at 0 does this affect credit rating for non-payment?

No, if you receive an income sensitive repayment plan after consolidating and the payment is $0 because of your dependents and income, then it will not adversely affect your credit score.


Details about credit rating?

A credit rating evaluates the credit worthiness of an issuer of specific types of debt, specifically, debt issued by a business enterprise such as a corporation or a government. It is an evaluation made by credit rating agency of the debt issuers likelihood of default Credit ratings are determined by credit ratings agencies. The credit rating represents the credit rating agency's evaluation of qualitative and quantitative information for a company or government; including non-public information obtained by the credit rating agencies analysts. Credit ratings are not based on mathematical formulas. Instead, credit rating agencies use their judgment and experience in determining what public and private information should be considered in giving a rating to a particular company or government. The credit rating is used by individuals and entities that purchase the bonds issued by companies and governments to determine the likelihood that the government will pay its bond obligations.


What is considered a five star credit rating score?

A five star credit rating usually refers to the credit worthiness of borrower. This rating gives a confidence to the lender that the credit under the same circumstance will be returned by the borrower.


What are the objectives of credit rating?

A credit rating is designed to show an potential lender whether a customer is a good risk. This helps lenders know who is credit worthy by the number associated with their rating.


Will opening a new credit card affect your credit rating?

Yes. Any new credit account or loan will effect your rating.