Building Your Credit Score if You’re Credit Unscorable

Millions of Americans – maybe even you – are classified as credit unscorable. In other words, you have a limited or thin credit file, which means credit agencies aren’t able to determine your credit risk. So, you have no credit score.

This can happen to just about anyone…maybe you recently gradated from school and are on your own for the first time, or perhaps you recently immigrated to the United States so you don’t have credit history here. And as you may have experienced first hand, having no credit score makes life difficult because you’re limited in your ability to gain access to what some may take for granted, like being approved for a loan, getting an unsecured credit card, and having utilities without paying a deposit.

But don’t fret. There’s hope. For instance, if you’re a renter, did you know that having your on time rent payments reported to the credit bureaus can help you build and improve your credit score? Solutions like RentReporters can do just that, and we help individuals go from being credit unscorable to having a credit score, like our customer Preston Fleming.

Because Preston’s credit was idle for several years, he did not have a credit score. So, he used his debit card to buy what he needed. He heard about RentReporters, decided to sign up, and his score went from 0 to over 750! Now, Preston is on his way to realizing some of his life goals, like buying properties for his real estate business.

Let us help you, too, go from credit unscorable to having a credit score. We can help you get there by reporting your on time rent payments to TransUnion.

For more information on RentReporters, visit here.

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