What Does it Mean if You’re Credit Unscorable?

Are you a graduate on your own for the first time? 

Did you recently immigrate to the United States?

Did you close all your credit accounts and now make cash only payments?

If you’re credit unscorable, then you have a limited or “thin” credit file.  What does that mean? Quite simply, you’re probably new to using credit or haven’t recently used credit.

Without a credit score, you can’t get an auto loan, mortgage or an unsecured credit card because you don’t have a history of borrowing and repaying. You may even have difficulty being approved for a rental or getting utilities in your name.

So, if you’re credit unscorable, what you need to do is start taking the right steps to build your credit score, like getting a secured credit card and signing up for a rent reporting solution.

Let us help you 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.

Back to Blog

Contact Us