How to build up a credit score if you don’t have debt?
Unfortunately you won’t have a credit score if you don’t have any debt because your credit score is calculated and based on your credit habits. This doesn’t mean your financial health is bad, there’s just simply not enough data to give you a credit score.
This can be bad news if you’re looking for a home loan, though, so your first steps will be to apply for financial products where you can start building a credit record.
These can include:
– Credit card
– Vehicle finance
– Phone contract
– Clothing accounts
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