An expert answer from Consolidated Credit
And the answer is yes.
If you have any type of financing whatsoever ever extended to you, you probably have a credit score.
But that doesn’t mean a credit card.
If you have a car loan, a mortgage, student loans you certainly have a credit score.
Is it possible to have a credit score without a credit card?
The fact that it’s possible to have a credit score without a credit card might mean you already have a rating. But if you don’t have a score, or just want yours to be higher, you really should get a credit card. Having an open credit card account is the most efficient, inexpensive credit-building option available.
How can I raise my credit score fast without a credit card?
Here are a few alternatives to help raise your credit score without using the magic plastic:
- Ask companies to report on your behalf.
- Become an authorized user on another credit card.
- Apply for an installment loan.
- Take out a federal student loan.
- Research peer-to-peer loans.
- Try an alternative credit score.
Why do I not have a credit score?
Two Reasons You May Not Have a Credit Score
Higher credit scores indicate that you’re more likely to repay credit obligations based on how you’ve handled credit in the past. You should begin using your accounts again—as long as they’re not closed – to be able to establish a credit score.