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spirulina

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Bad score because of NO credit history
I am off credit for many years. I use debit cards and pay bills on time, so I am debt free. My credit reports are empty with no info for the last 15 years, good or bad.
I went to a bank to apply for a mortgage, and the credit score pulled nothing. After talking to Experian, they said that without any credit history, the scoring algorithms do not return a result.

Now I need to build my credit history in a way that will increase my score ASAP. What is the best way? Personal loan? Credit cards? From one bank? Multiple banks?

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Yes you will need to buld your credit.  When I started I got 2 secured cards.  Af few months later I was able to get a card from Cap 1.  They say starting with 3 cards will max your score.  Also you want to keep your utilization down, somewhere between 1 - 9%..  If you look around here on CK and other credit froums you can learn a lot about credit and how it works.

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Please give serious thought to reading the articles provided by Credit Karma since the site's purpose is to teach how credit works and how to build a good credit score.  I have learned a lot from the articles.

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