You have never had a credit card, you don’t have any credit score. We want to get a home, however, you have constantly paid for everything in bucks. Is it possible you score home financing if you’ve never really had borrowing? It all depends. Even though you may feel for example you might be the only person which existence that way, you are not.

An individual Economic Protection Agency approved a report stating that “credit invisibles,” those who have no credit history for the file into the around three big credit agencies, compensate from the 13.6% of your own You.S. populace or about forty-five billion some one.

When you are a cards-invisible, should you follow your ideal of a zero-borrowing mortgage? It is really worth a try, nevertheless can take some effort. (more…)