When it comes to credit, an individual can either have good credit, or bad credit. Right? Actually, there is a third option, which is often the least understood. And that’s having no credit at all.

Having no credit, in some circumstances, is just as bad as having bad credit. That’s because lenders use your credit history when deciding whether or not to issue you a loan. And if you do not have sufficient history of paying your debts, you may not qualify.

Luckily, if you don’t have credit, there are things you can do now to start building it up. Read the full article here for a list of your options.

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