Why don’t I have a credit score?

Home Forums Credit Reports & Scores Why don’t I have a credit score?

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  • #10817
    Team StellarFi

    You don’t have a credit score likely because you don’t have any active credit accounts open. Your credit score is generated from the information in your credit report. These credit reports are generated based on information received from lenders like credit card companies, banks, and dealerships.

    This information can be generated only once there is some substantial activity, like payment (or non-payment) of installments or credit card bills, for at least a month after the account is active. Based on your credit activity, your credit scores are generated depending on the credit bureaus the lenders report to and the scoring models they use to calculate your scores.

    You can have more than one credit score since there are three major credit reporting agencies – TransUnion®, Experian®, and Equifax®. Each agency has its own scoring model and information that it gives importance to. So, your credit score can be different based on the information in each of these three reports.

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StellarFinance, Inc. and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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