Posted: Fri Dec 15, 2006 9:18 pm Post subject: Is it possible to have credit score without credit card?
i don't have a credit card , just thinking of applying for one but not yet decided. Can I have a credit score without a credit card? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
dave Guest
Posted: Sat Dec 16, 2006 12:22 am Post subject:
Yes, it is possible to have a score without a credit card.
Posted: Sat Dec 16, 2006 4:24 am Post subject: RE: credit score without credit card
Hi Guest,
You can have a credit score even if you don't have a credit card. If you manage a mortgage or any other loan, you will be able to maintain a credit score. If you make regular payments on the loan, you are likely to have a good credit score.
You can also have credit score depending on whether you open a bank account, phone bill account, gas or electricity account.
Posted: Sat Dec 16, 2006 11:20 am Post subject: RE: having credit score without a credit card
Hi Guest,
There are different types of credit scores, which are calculated based on various factors. So, managing a credit card isn't the only way to determine your credit score.
Records of bank accounts, payday loan payments, installment purchase plans, are some of the factors determining your score. Besides, payment history in terms of rent, home loans, payment of phone or utility bills, insurance payments are often taken into account while calculating the credit score.
The factors considered for calculating the credit score actually depend upon the company providing the score.
Thanks,
Caron.
Mac_7 Guest
Posted: Sun Dec 17, 2006 5:24 am Post subject:
yeah, there can be credit scores even with no credit cards. the PRBC score takes into account the rent payments, monthly payments on home loan and utility etc.
Connie M Tyndall Guest
Posted: Sat Oct 24, 2009 1:01 pm Post subject: free credit scores
free credit scores from all three credit score agencies
Connie M Tyndall Guest
Posted: Sat Oct 24, 2009 1:03 pm Post subject: free credit scores
credit scores from all three credit score agencies
You can get a free credit report from "www.annualcreditreport.com". You can visit the website and apply for one. _________________ Procrastination is the enemy of your financial sucess
sara
