Surviving without a record in your name


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most 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 » Research » Guides » Building Credit History » Surviving without a record in your name

Surviving without a record in your name

Updated: September 28, 2018

The content is accurate at the time of publication and is subject to change.

If you are one of the people who do not have a credit history currently, there is no reason to worry. Currently, there are a lot of individuals that fall in the category of no credit history. It is important to understand how to rectify this problem, so that you don't have any issues at a later stage. In fact, not having any kind of credit history, is something that almost all of the people entering newly to the country, end up facing. Hence, it is not a big problem to be worried about, and can be fixed easily.

Working on establishing yourself

One of the most important things that you can do today, is to work towards ensuring that you have a decent credit record, and are able to show that you can in fact manage to save money, and work towards developing a decent credit history. The problem with no credit history is that, you will have to work harder to show that you are capable of managing your finances, and are not reckless when it comes to spending or even paying back debts.

Opening accounts in your name

One of the other things that can be attributed to no credit history, would probably have to, a bank account or some kind of financial account that can be associated with your name. In this way, you can be rest assured, that you are not going to end up spending a lot of time, trying to establish your creditworthiness, as your bank accounts will pretty much end up proving it on your behalf. Credit card companies and other financial institutions will look at this information before approving you for a loan.

Paying back debts on time

Since you don't have credit history, this is a good time to work towards a really good credit score. In fact, you should strive to pay your debts back on time, and ensure that you don't have any kind of outstanding payments. If you continue to make payments on time, there is nothing much to be concerned about; you should be able to get a no credit history problem, a thing of the past. Timely payments are one of the fastest ways of establishing a credit score. You should think more about this, if you haven't considered it already.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Top 5 Secured Credit Cards: September 2020 – Experts’ Choice

Top 5 Secured Credit Cards: September 2020 – Experts’ Choice

Posted: June 22, 2020

The COVID-19 pandemic has made significant changes not only in people’s lives and their financial standing but also in the entire financial sector of the U.S. We have collected the best secured card offers from our partners so that you can… Continue reading

Top 5 Soft Pull Credit Cards: September 2020 – Experts’ Choice

Top 5 Soft Pull Credit Cards: September 2020 – Experts’ Choice

Posted: June 3, 2020

When applying for a credit card, you definitely don’t want your credit score to go down. Here, you will find the best credit cards with a soft pull from our partners. An application for such cards won’t make changes to your credit history… Continue reading

Top 5 Store Credit Cards: September 2020 – Experts’ Choice

Top 5 Store Credit Cards: September 2020 – Experts’ Choice

Posted: May 30, 2020

We evaluated store credit cards offered by our partners to find the best store credit cards. They are often loaded with perks that will allow you to save on purchases at your favorite retailer. Plus, many store credit cards are available… Continue reading

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!