No credit score

A place to talk about your credit-building goals and progress -- and to ask for advice
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Travis
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No credit score

Postby Travis » Sat Sep 24, 2016 3:53 pm

'Not enough information about your credit history to calculate a score.'

Although I was approved for a $1,500 unsecured Visa card.

So what would be the baseline, or starting point, for a score? I'm going to request a report from annualcreditreport in a month or two. Meanwhile, keep utilization under 33%, pif when I receive a bill.

I'm not familiar with the sites, or apps for tracking suspicious activity and score, so any suggestions would be appreciated.


Stros05
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Re: No credit score

Postby Stros05 » Mon Sep 26, 2016 10:19 am

There are several places to obatin your credit score for free. The Score and Report app from CreditCards.com let's you see trend your credit score over time. I downloaded the app and find it very useful.

https://itunes.apple.com/us/app/score-r ... 25209?mt=8

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kcm7
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Re: No credit score

Postby kcm7 » Mon Sep 26, 2016 10:24 am

Which score are you talking about? FICO? Are you using Credit Karma? Something else? I know FICO requires that you have an account opened for 6 months or more.

As to how you got approved for a card without a score, others may know more than I do. But my theory is that the bank pulled your credit report and was able to check your history that way, even though FICO (or whatever scoring algorithm) couldn't generate a score.
Cards:

-Capital One Quicksilver
-Barclaycard Arrival (no AF)
- US Bank (no rewards)
-IHG

Travis
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Re: No credit score

Postby Travis » Mon Sep 26, 2016 1:51 pm

kcm7 wrote:Which score are you talking about? FICO? Are you using Credit Karma? Something else? I know FICO requires that you have an account opened for 6 months or more.

As to how you got approved for a card without a score, others may know more than I do. But my theory is that the bank pulled your credit report and was able to check your history that way, even though FICO (or whatever scoring algorithm) couldn't generate a score.


I received a letter from the card issuer that claimed no history.

I applied at my bank, the issuer is Elan. It's a start. I applied at Sears 3 years ago, called to inquiry about being denied and he said no credit history. I was renting back then, own a very small property currently.

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PhillyPhoto
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Re: No credit score

Postby PhillyPhoto » Tue Sep 27, 2016 7:36 am

Who is the $1500 card from? Is there an annual fee? Make sure you pay your full balance every month on that, and in a year or so, you shouldn't have any issues getting either a higher limit on that card, another card, or both.

Who's the issuer that said you have no history? Elan?

Do you own your current property out-right, or do you have a mortgage?
Main Cards:
Amex: Mercedes-Benz Plat, HHonors
Chase: Amazon.com Rewards, Freedom
Citi: ThankYou

Sock drawer Cards:
Amex: Ameriprise Gold
Citi: Macy's Amex, Simplicity
Citizens Bank: Cash Back Plus World
Discover: it
Elan: Bank Rewards
Synchrony: PayPal Extras

718 Eq|734 TU (8/16)|733 Ex (9/16)

Travis
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Re: No credit score

Postby Travis » Tue Sep 27, 2016 12:56 pm

PhillyPhoto wrote:Who is the $1500 card from? Is there an annual fee? Make sure you pay your full balance every month on that, and in a year or so, you shouldn't have any issues getting either a higher limit on that card, another card, or both.

Who's the issuer that said you have no history? Elan?

Do you own your current property out-right, or do you have a mortgage?


$1,500 card is from Elan, no annual fee or rewards. Same day I received my card, received another envelope from them with a statement about credit scores, and my lack thereof.

Property is owned out-right.

The plan is to pay in full every month. Maybe see about a car loan next summer. I want to leave the property alone, no HELOC etc.
So either dealer financing, or through my bank.
Elan: Visa $1,500

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kcm7
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Re: No credit score

Postby kcm7 » Wed Sep 28, 2016 12:55 pm

Travis wrote:
$1,500 card is from Elan, no annual fee or rewards. Same day I received my card, received another envelope from them with a statement about credit scores, and my lack thereof.

Property is owned out-right.

The plan is to pay in full every month. Maybe see about a car loan next summer. I want to leave the property alone, no HELOC etc.
So either dealer financing, or through my bank.


I think that's a good and safe strategy. Back before I got "into" credit cards, it was impressive how high my score got with just the one no-rewards card. Just watch your utilization -- and maybe consider paying several times per month if you're putting big charges on it?
Cards:

-Capital One Quicksilver
-Barclaycard Arrival (no AF)
- US Bank (no rewards)
-IHG



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