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dimwits

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Why are assets, especially real estate, not considered when calculating credit report???

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Real estate may be included ONLY if you are currently  paying on a mortgage because that is a credit transaction.  Once the mortgage is paid, it no longer counts. The majority of items used in calculating a credit score are active revolving charge accounts and/or loans such as auto purchases.

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Assets are not proof that a person is responsible in paying back debt owed. Credit is all about showing that you can and do pay back creditors no matter what your financial position. There are crooks in every walk of life. There are many articles on this site and across the internet that will show you how to build and maintain good credit. If you have any questions along the way please feel free to ask. If you have thin or no credit I urge you to start building credit right away as it takes some time.

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Piggy back question

I have a commercial property that I pay a monthly mortgage on (for the last 4 years) and it does not appear on my credit report. Any idea why? Any suggestions for getting it included?

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