| A “no credit file” occurs
when you have no traditional credit information such as
credit cards or loans. Traditionally, a customer with
no credit would be put into the same category as someone
with bad credit – even if they paid their bills
on time. The result is higher interest rates or no mortgage
loan offers.
Fortunately, all of this is changing. There are now
options available for customers with no credit, provided
they have a good history of bill payment and a steady
income.
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