anybody heard of a 0 credit score

[RACER X]

Originally Posted by gtdrivr

I was told after 10 years of no activity, the score is reset to 0, or "no beacon".

Originally Posted by gtdrivr

When the Ford Edge came out, We went to check it out. The sales manager came back and told me it was a 0. He showed me the report. I have paid off 9 cars and 2 houses in my life, but that doesnt matter.

[Lucky3623]

Yup. I have seen a couple of people/businesses with a 0 credit score, when I was working for Experian. You would be supprised how pissed people get...

[Rider]

Sounds a little fishy to me. The guy hasn't bought ANYTHING on credit in over 10 years? I'm not positive but doesn't your home utilities show up on your credit report.

[shmike]

Originally Posted by Rider

Sounds a little fishy to me. The guy hasn't bought ANYTHING on credit in over 10 years? I'm not positive but doesn't your home utilities show up on your credit report.

Why is that fishy?

I know a few people that live like that.

I've never heard of a 0 score but my uncle got turned down for a Target card a few years ago.

At the time he was about 40, owned three homes a few cars and a boat. Everything is owned outright and their one credit card is paid in full every month. Apparently he didn't have a high enough score to qualify.

[Rider]

Originally Posted by shmike

Why is that fishy?

I know a few people that live like that.

I've never heard of a 0 score but my uncle got turned down for a Target card a few years ago.

At the time he was about 40, owned three homes a few cars and a boat. Everything is owned outright and their one credit card is paid in full every month. Apparently he didn't a high enough score to qualify.

I understand that a lot of people don't use credit cards at all, but some things like houses and cars are for the most part a financed item. I've just never head of a 0 credit score. Did this guy live on a deserted island or was incarcerated for 10 years? I'm not saying the guy is lying, I'm just saying there might be more to the story than he is letting on. Did he file bankruptcy a few years ago and has been unable to get credit so his credit score went to 0 after years of not using any credit.

[the chi]

Originally Posted by Rider

I understand that a lot of people don't use credit cards at all, but some things like houses and cars are for the most part a financed item. I've just never head of a 0 credit score. Did this guy live on a deserted island or was incarcerated for 10 years? I'm not saying the guy is lying, I'm just saying there might be more to the story than he is letting on. Did he file bankruptcy a few years ago and has been unable to get credit so his credit score went to 0 after years of not using any credit.

He may be lying, but often, if people get started on the right foot, they can go their entire lives and not have to finance things. Amazng and incredible, but some people have that type of patience and will hold out for ages to get everything right before making purchases. I've known 1 person that was like that. Never even owned a credit card, paid cash for everything. I know I couldnt do it, but its not impossible.

[shmike]

Originally Posted by Rider

I understand that a lot of people don't use credit cards at all, but some things like houses and cars are for the most part a financed item. I've just never head of a 0 credit score. Did this guy live on a deserted island or was incarcerated for 10 years? I'm not saying the guy is lying, I'm just saying there might be more to the story than he is letting on. Did he file bankruptcy a few years ago and has been unable to get credit so his credit score went to 0 after years of not using any credit.

Houses and cars are usually financed because people feel the need to constantly out-do the Joneses.

The guy said he had paid off 9 cars and 2 houses.

If his 2nd house was paid off 12 years ago then he has done a good job of living within his means. If he no longer has a mortgage, it wouldn't be hard to save a few grand a year and pay cash for your next vehicle.

Maybe he, GASP, has been driving the same old car for 13 years.

I agree w/ HS, I've never seen a 0 score and personally find it odd to not use CC's but just because someone isn't saddled with debt doesn't mean they are "fishy", just prudent.

[Homeslice]

Originally Posted by shmike

Why is that fishy?

I know a few people that live like that.

I've never heard of a 0 score but my uncle got turned down for a Target card a few years ago.

At the time he was about 40, owned three homes a few cars and a boat. Everything is owned outright and their one credit card is paid in full every month. Apparently he didn't have a high enough score to qualify.

So if he does have a credit card, he'll have a credit score, even if he pays it off every month

Now, if he just plain doesn't own a card at all, that's different. I don't understand the mentality of people like that, but that's another subject.

[neebelung]

Originally Posted by Homeslice

Now, if he just plain doesn't own a card at all, that's different. I don't understand the mentality of people like that, but that's another subject.

You don't understand people who don't have credit cards? Why?

[the chi]

Typically in my experience, credit cards, loans, mortgages, and things of that nature show up but things like utilities, cable, even phone service and cell phones dont. Unless you fail to pay. Unpaid healthcare bills show up as well.