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when you have no credit history

  • Posted In: Credit & Loans


  • Participant
    Nadia Smith On22nd March 2017 at 2:59 pm #12774

    something i have never been able to understand is that if you have no credit history then you are viewed almost as high a risk as someone who has a bad credit history. I don’t think this is fair.

    what do you think?


    Participant
    Financial Advisor On22nd March 2017 at 3:02 pm #12775

    It may not seem fair, but to the lender you are an unknown commodity. You may have paid every one of your bills on time, but if you’ve never had a conventional loan or utilized a credit card they don’t have any payment history to make a conclusion about your credit risk.

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