Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Report
Profile Image

Question By
Carmitajo

2 Contributions
0 People Helped
I purchased a home cash money in 2012 I filed my taxes, yet I have no assets on my credit report?
Why is my cash purchase of a home not
showing up on my credit report? Because of it being a cash purchase? Isn't that considered an asset?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
122 Contributions
82 People Helped
Most Helpful Response

That doesn't go on your credit report

Helpful to 1 out of 2 people

If you had a loan and made payments it would be reported but paying it all in cash doesn't get reported. Credit reports report length of account history, how many open accounts, payments received on time, and collections. Assets like paid houses or money in the bank doesn't matter and has nothing to do with your credit report.

Reply by
Carmitajo

2 Contributions
0 People Helped

Thank you

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.