No Credit Means Low Credit Scores
Did you know that having NO Credit or Extremely Limited Credit History can be VERY damaging and can actually HURT your Credit Scores. This is because 35% of your Credit Score is calculated from your payment history.
So if you have No Open Accounts with a positive payment history reporting to your credit each month,there is nothing that can be used to help increase your scores. Therefore, we STRONGLY recommend that you open a new credit card or line of credit so you can begin establishing good credit history to maximize your scores.