4 ms·
I remember being refused something (although I can't remember what) because my credit record was blank. I bought a bed on hire purchase specifically so I had a
by Lerc 4y ago
I remember being refused something (although I can't remember what) because my credit record was blank. I bought a bed on hire purchase specifically so I had a financial footprint.
- Khartoum 4y agoI'm surprised that a standard "average" credit level can't be used as a starting point, and then every transaction afterwards is a difference against that default starting point. That is, no evidence in favour nor evidence against you.
- nordsieck 4y ago> I'm surprised that a standard "average" credit level can't be used as a starting point, and then every transaction afterwards is a difference against that default starting point. > That is, no evidence in favour nor evidence against you. It's because this isn't a court of law. You're trying to convince other people to give you an unsecured loan. The default will never be an assumption of trustworthiness.
- Ensorceled 4y agoThe default assumption of a blank credit info in 2023 would have to be this person is either very young and probably a risk or a fake identity and certainly a risk. That’s why young people can only get small loans.
- int_19h 4y agoIn US, the usual way to handle this is to get a credit card backed by a security deposit, and use it to build up credit history.