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Belyea asked in Business & FinanceCredit · 8 years ago

What can I do about having nothing on my credit report ?

About 8 years ago, I made the decision to pay cash for everything and live debt free. Car was paid for, (I rent, and don't have a mortgage), and have no credit cards.

I recently ordered credit reports from all three credit reporting agencies, and was surprised to discover that all reports show absolutely nothing. (I'm aware that things 'drop' off your credit report after a few years), but was surprised to see that the reports contained nothing.

Now, I'm looking to buy a house, but am concerned that when the bank looks at my credit report and sees nothing, they won't lend to me.

Thoughts ?

4 Answers

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  • Anonymous
    8 years ago
    Favorite Answer

    You'll have to get a reporting product to start some activity on your credit profile.

    It can vary from a utility or phone service to a credit and/or loan product.

    If you have a cell phone or land line, ask if your service provider reports to the bureaus. Ask them to report your account. Get a credit card and it will by default start reporting. As you go along with lines of credits, mortgages, student loans, etc.... your profile will grow.

  • Anonymous
    5 years ago

    For Finance and credit solutions I always recommend this site where you can find all the solutions. http://insuranceandfinancetips.info/index.html?src...

    RE :What can I do about having nothing on my credit report ?

    About 8 years ago, I made the decision to pay cash for everything and live debt free. Car was paid for, (I rent, and don't have a mortgage), and have no credit cards.

    I recently ordered credit reports from all three credit reporting agencies, and was surprised to discover that all reports show absolutely nothing. (I'm aware that things 'drop' off your credit report after a few years), but was surprised to see that the reports contained nothing.

    Now, I'm looking to buy a house, but am concerned that when the bank looks at my credit report and sees nothing, they won't lend to me.

    Thoughts ?

    Follow 2 answers

    Source(s): For Finance and credit solutions I always recommend this site where you can find all the solutions. http://insuranceandfinancetips.info/index.html?src...
  • ?
    Lv 4
    5 years ago

    The itemizing on his credit checklist exhibits how long they are going to be on his credit. The itemizing of the account on his credit checklist, regardless of the undeniable fact that, does no longer negate his criminal, financial, or ethical criminal accountability to be sure his debt. the sequence interest can and could proceed until the money owed are resolved. as quickly as paid it won't survive his credit longer. So i could motivate him to do the extraordinary element and clean up his regular jobs. If he's had a foul background of no longer paying his expenses without postpone, you're able to desire to analyze his credit ever 3 or 4 months for the 1st 300 and sixty 5 days. while money owed are moved around to distinctive sequence companies, there's a era of a million-3 months wherein a debt wont prepare on his credit. It doesnt mean he doesnt owe it, it purely ability it wasnt on there the day you ordered the checklist. finally each and every thing, which incorporates scientific, will prepare.

  • CatDad
    Lv 7
    8 years ago

    You'll have to establish a credit rating from scratch by getting a credit card or personal loan and pay that on time. It can take 2 years to do this.

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