It doesn't, but multiple years worth of rent/utility bills can be used as a substitute so long as you are willing to jump through a couple extra hoops and pay a

It doesn't, but multiple years worth of rent/utility bills can be used as a substitute so long as you are willing to jump through a couple extra hoops and pay a little bit more in interest for the privilege. My girlfriend just went though this process. She has no credit because she never got a CC and always saved up and paid for stuff like her car in cash. Over the winter she was looking to buy a house (didn't pan out for other reasons), and basically her only option was getting a loan manually underwritten. Part of that process was using a minimum of 2 years worth of bills as a replacement for a credit score. And the only loans available were several points more expensive than she could have gotten if she was able to do things the "normal" way.