Credit Card Question & Answer

Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » What are the concerns if one has no credit history?

What are the concerns if one has no credit history?

Answered by , at
Add to Favorites:

Without a credit history, banks usually do not approve credit cards for a consumer as the credit history is meant to show creditors, if the consumer is reliable and can make payments in a timely manner. When one is given credit, the monthly repayment and the closure of the credit shows a good sign if the consumer can be trusted to pay the new credit applied for.

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
No Annual Fee
For Bad Credit
Monthly reporting to the three major credit bureaus
For Fair/Bad Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit

Other Questions in
Limited/Bad/Fair Credit