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None of those things you list are credit based. A credit rating is determined by your ability to repay debts, such as credit cards, mortgages, etc. If you nev
by wmat 11y ago
None of those things you list are credit based. A credit rating is determined by your ability to repay debts, such as credit cards, mortgages, etc. If you never have those, how can you have a credit rating.
http://www.myfico.com/crediteducation/whatsinyourscore.aspx http://www.myfico.com/crediteducation/whatsinyourscore.aspx
- spiritplumber 11y agoThen the problem is in the model. A credit rating is supposed to index your financial stability. I'm obviously stable enough to not have debts, but my credit score does not reflect this. The bank guy I explained this to got physically agitated.
- nimblegorilla 11y agoIt doesn't really index your financial stability. It indexes your history of paying bills on time. People in debt that make regular payments are much better customers than people that don't need to use debt.