All About Credit Reports

4 Responses to “How Is It That I Do Not Have A Credit Score?”

1. SPIFIMAN on February 10th, 2010 at 2:29 pm

   Simple really.
   Credit scores are based on the following factors;
   1. Payment history 35%
   2. Time in bureau 15%
   3. Types of credit 10%
   4. New credit 10%
   5. Debt to credit ratio 30%
   And what most people don’t know is it’s based on the last 24-months of activity so if you have not purchased or paid for anything since your last card closed you don’t have anything for the system to generate a score with.

2. Judy on February 10th, 2010 at 2:36 pm

   Silly, why did you close your credit card accounts?
   Length of credit history is 15% of your fico score
   You have no credit cards open. = no credit.
   Open one today. Pay in full each month for top 800+ scores.
   /

3. Jose V on February 10th, 2010 at 6:36 pm

   I am assuming you got your credit report from annualcreditreport.com
   this will only give you the report a score requires payment.

4. Lily B Talus on February 10th, 2010 at 6:37 pm

   This is because you have nothing on credit at the moment.

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