Having no credit isn't always a problem: "No Credit-No Problem
Credit reporting agencies collect information on all of your payments to your lenders. They will gather information to determine if you have made your loan payments on time or if your payments were late on your loans. All this data that is gathered will determine the outcome of your credit report that generates your credit score.
If you make all of your loan payments on the schedule due dates then you are instantly raising yours credit score, which presents financial responsibility to a lender. By presenting financial responsibility, you will be considered to be a low risk for a loan. Lenders look directly at your credit report to determine if you should be approved for a loan.
Many of us fall on hard times in our lives and cannot avoid bad credit. If this is the case, it is still possible to rebuild and reestablish your credit. Credit cards can reestablish your credit if you consistently make your payments on time. Make sure you are well aware of your scheduled due date on your credit cards. Pay at least the minimum balance due to improve your credit history.
If you do not have good credit and need money in a hurry, payday loans can be the answer to your financial situation. Payday loan lenders do not partake in observing your credit report. As long as you have a job producing a salary, are at least 18 years old, have a bank account, and have a valid identification then you will qualify for a payday loan. Payday loans can get you the money you need regardless of bad credit. "
