Why don’t I have a credit score?

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.