Wednesday, May 26, 2010

No credit score?

My husbands uncle was intrested in purchasing a vehicle. However when the dealer ran his SSN for credit history/fico, they were not able to pull anything up, no fico or history. Why is this? Does this happen when you haven%26#039;t used or financed something in years?

No credit score?

If he has not established credit anywhere within 7-10 years, the credit bureaus will not have any data on him.

No credit score?

Your husband%26#039;s uncle needs to establish some form of credit so this doesn%26#039;t happen in the future. No credit is almost the same as bad credit.

Open an account with one of the banks listed in the source below, or with his local bank, and start getting some tradelines reporting on his credit report.

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