Does having no credit cards or loans hurt your credit score?

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I have had mortgages and credit cards and car loans, but now I have none at all. Is this bad for my credit score? Would getting just one low limit credit card be better than not having any at all?

  1. Reply
    Gaytheist Buddha
    May 14, 2011 at 1:31 am

    Lack of active credit reduces your credit score. I wouldn’t say hurt. If you have a bankruptcy or judgment within the last 7 or 10 years, your credit score will be rock bottom.

  2. Reply
    May 14, 2011 at 1:53 am

    You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments –

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