Why Don't I Have Credit History?

You might be asking yourself why don’t I have credit history? You’re not alone. A lot of people are in the same boat. In this useful credit article, we’re going to explore some of the reasons why you might not have credit history and what you can do about it. So, keep reading!

There are several reasons why you may not have a credit history. You may have never applied for credit, been in a relationship where the loans and bills were all in your partner’s name, or you may not have applied for credit for a long time. In this case, you will still have a Credit Report, but it will have no credit history information.

This information is usually deleted once it’s more than five years old. If you’re looking to build or improve your credit history, there are a few things you can do. You can start by applying for a credit card or taking out a small loan and make sure to make your payments on time. You can also ask to be added as an authorized user on someone else’s credit card account. By taking these steps, you can begin to establish a positive credit history.

Younger and older Australians, as well as divorcees and recent immigrants to Australia, are more likely to have no credit history or a “thin” credit history.

Even if you don’t have a credit history, you can still apply for credit. To assess your creditworthiness, the potential lender will need to rely on data other than a credit report.

To establish a credit history, you don’t need a credit card. Other forms of credit, such as a post-paid mobile phone or electricity contract, may also help your Credit Report get started.

However, if you do have a bad credit history then Clear Credit Solutions can help you fix bad credit and get you approved for a loan. Contact us today to find out how we can help you remove negative listings and defaults from your credit file. Don’t let bad credit keep you from getting the things you need in life – contact us now to get started on repairing your credit history!