Why Can’t I Get My Credit Score?

floating-numbersCredit scores are derived from data on your credit report…and that’s it.  They are based upon mathematical formulas that predict future credit behavior using both current and historical credit information.  But, we’re not all so fortunate to have a credit score. Some consumers don’t have a credit report that qualifies them for a score.

There has to be enough information on your credit report in order to yield a empirically sound risk prediction.  Credit reports with limited information and data that has not been updated recently may not receive a score. Here are some other reasons you may not receive a credit score:

You don’t have a credit report.

Your credit report suggests that you are deceased.

You haven’t used existing accounts for several years.

You pay for everything with cash.

There isn’t enough information on your credit report.

All your accounts are in dispute.

Your credit report is too new to score.

The reason you won’t have a score will likely depend on which credit score the credit grantor uses. The two scores sold most often to creditors are the FICO and VantageScore scores.

FICO 08

FICO 08 scores a credit report that has at least one undisputed account that is six months old or older and at least one undisputed account that is older than six month.  One account can satisfy both conditions.  For example, to receive a FICO score, a credit report scored in June 2013 must have at least one account opened before January 2013, and one account with a “date reported” since January 2013.

VantageScore 3.0

VantageScore 3.0 scores a credit report with an account containing at least one month of history and an account that has been updated in the past 24 months.  For example, to receive a VantageScore, a credit report scored in June 2013 must have an account opened in May 2013 or earlier.   VantageScore may also be able to score a credit file with nothing other than an inquiry, a public record and/or a collection account.

If you don’t have a score because you don’t have any active credit card accounts you can try to use your credit card so that is becomes active, assuming it hasn’t been closed by the issuer because of inactivity.  You can also contact the card issuer to re-activate the card.  If you have all new accounts, you need to wait up to 6 months to obtain a FICO score or one month for a VantageScore.  If all or most of your accounts are in dispute, you have to wait until the dispute is resolved.Is your report scoreable?

Visit here to see your updated credit report and credit score online now.

Credit Reporting Expert, John Ulzheimer, is the President of Consumer Education at SmartCredit.com, the credit blogger for Mint.com, founder of www.creditexpertwitness.com and a Contributor for the National Foundation for Credit Counseling.  He is an expert on credit reporting, credit scoring and identity theft. Formerly of FICO, Equifax and Credit.com, John is the only recognized credit expert who actually comes from the credit industry.  You can follow John on Twitter here.

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