For those who have sent applications for credit the very first time and been refused, maybe you are wondering why the lending company made this decision. When you have a credit that is bad – e.g. you’ve got missed repayments or defaulted on debts, then it would likely make more feeling that the lender will never like to provide you with credit. But, in the event that you’ve never ever lent money prior to, why would a lender refuse you credit? We discuss this below and explain how you also can start to construct a credit rating.
How come a credit score crucial whenever credit that is getting?
When you make an application for credit a loan provider needs to come to a decision as to how most likely you may be to settle the mortgage and exactly how much interest they need to charge you. Continue reading “Getting credit without any credit history”