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Question By
Carolorene

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I have NO debt, NO loans, nothing...then why is my credit so low?
I have no debt, no student loans and no house mortgage. I've owned one credit card my entire life for a clothing store. I made a purchase of $60 and paid off the credit card in store, then closed the account. I was never late on a payment of any kind in my lifetime! Why is my credit score so low then (670)?

Also, I inquired about my credit score and it dropped it 33 points? Why?

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You have no credit history

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Basically you have no credit history because you do not have any credit cards, or loans.  In order to get a better score you need to actually show that you are responsible and to do that you need to get a credit card or loan to make payments on.  Check out this article:

http://money.msn.com/credit-rating/raise-your-credit-score-to-740-weston.aspx

Hope this helps!

Wil

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Debt

Helpful to 1 out of 2 people

I think you just answered your own question... By that I mean you have no loans, credit cards ect. 

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