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tluvwifey94

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what is a thin file?

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A "Thin File"

Helpful to 13 out of 15 people

means you have a realitively short credit history. 

Until you establish and start building a credit history there is nothing to gauge a score on in your Credit Report.

There are several steps you need to take to start building credit history.

I always suggest using a Credit Union. Most communitys have one that you can join and they will work with you to build credit. Open a checking and savings account.  Build your savings up to around $1500. then ask the credit union for a Secured Credit card that is  secured by the savings account.  This is the easiest way i know of to get started building that file.

Good luck

Reply by
BetteGrandma

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Helpful to 1 out of 4 people

I do NOT have a "thin file".  I have a mortgage on our home, auto loan, own stocks and bonds and I do have credit cards.  What is your excuse?

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