{"id":1431,"date":"2020-12-22T15:12:55","date_gmt":"2020-12-22T11:12:55","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=1431"},"modified":"2020-12-22T17:24:00","modified_gmt":"2020-12-22T13:24:00","slug":"credit-score-how-to","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/","title":{"rendered":"Credit score: How to have one with zero credit history?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Have you ever tried to generate your credit score for the first time? There are chances that when you tried to generate your credit score for the first time, you did not have any credit history at all.<\/span><\/p>\n<h1><span class=\"ez-toc-section\" id=\"Here_we_will_explain_to_you_how_you_can_have_a_credit_score_if_you_dont_have_any_credit_history\"><\/span><strong> Here, we will explain to you how you can have a credit score if you don\u2019t have any credit history.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<figure id=\"attachment_2010\" aria-describedby=\"caption-attachment-2010\" style=\"width: 399px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2010\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/12\/satisfaction.png\" alt=\"credit score\" width=\"399\" height=\"399\" \/><figcaption id=\"caption-attachment-2010\" class=\"wp-caption-text\">credit score<\/figcaption><\/figure>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2329004669d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2329004669d\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#Here_we_will_explain_to_you_how_you_can_have_a_credit_score_if_you_dont_have_any_credit_history\" >Here, we will explain to you how you can have a credit score if you don\u2019t have any credit history.<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#Introduction\" >Introduction<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#Why_is_having_a_credit_score_important\" >Why is having a credit score important?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#Reasons_why_you_may_not_have_a_credit_score_yet\" >Reasons why you may not have a credit score (yet)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#You_are_new_to_UAE\" >You are new to UAE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#You_havent_applied_for_credit_before\" >You haven\u2019t applied for credit before<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#You_do_not_have_any_traditional_credit_accounts\" >You do not have any traditional credit accounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#You_havent_used_credit_in_the_last_couple_of_years\" >You haven\u2019t used credit in the last couple of years<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#How_do_you_establish_a_credit_score_for_the_first_time\" >How do you establish a credit score for the first time?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#Apply_for_a_Secured_Credit_card_against_Fixed_Deposit\" >Apply for a Secured Credit card against Fixed Deposit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#Opt_for_a_spouse_credit_card\" >Opt for a spouse credit card<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#Become_an_authorized_user_on_someones_credit_card\" >Become an authorized user on someone\u2019s credit card<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/moneymall.ae\/credit-blog\/credit-score-how-to\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"Introduction\"><\/span><strong>Introduction<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Credit scores for every individual are calculated on the basis of their entire credit history and loan repayment habits. The credit score of an individual may fluctuate depending on whether they\u2019re repaying their debts on time, the amount of credit card debt they have and whether they make sure that all the payments to the bank and the credit card company are made on time.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_having_a_credit_score_important\"><\/span><strong>Why is having a credit score important?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Your credit score is the ultimate indicator of your credit and\/or financial health. If you have a good credit score to your name, it means that you have a great money borrowing and repaying habit. A great credit score also makes you more eligible to get a credit card of your choice or get a loan whenever you need it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Obtaining new credit in the form of loans or credit cards depends on your existing credit score. If you have a low credit score, a bank or a credit card company will be reluctant to hook you up with their money. However, this is not the case with a good credit score. Moreover, a good credit score also helps you procure a low-interest rate on loans compared to other people. This low-interest rate may depend from loan to loan and bank to bank.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reasons_why_you_may_not_have_a_credit_score_yet\"><\/span><strong>Reasons why you may not have a credit score (yet)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">However, if you\u2019re a newbie to the world of credit cards and scores, you might not have a credit score yet. There are several other reasons why you may not have a credit score. Let us explore some of them.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"You_are_new_to_UAE\"><\/span>You are new to UAE<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"You_havent_applied_for_credit_before\"><\/span><strong>You haven\u2019t applied for credit before<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you are new to the world of credit, you may not have a credit score yet. It takes some time before you can get a credit score for yourself. Since these credit scores depend on your borrowing and repayment habits and abilities, this history takes some experience and specific credit instances to build up. If you haven\u2019t borrowed money yet, there is a high chance you won\u2019t have a credit score.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"You_do_not_have_any_traditional_credit_accounts\"><\/span><strong>You do not have any traditional credit accounts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you don\u2019t have experience with borrowing from a proper bank or credit card company before, you might not have a credit score yet. Your repayment abilities depend on whether you have taken credit in the past. It also depends on the way you have handled that credit. All these factors are used to make up your credit history and hence, your credit score.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"You_havent_used_credit_in_the_last_couple_of_years\"><\/span><strong>You haven\u2019t used credit in the last couple of years<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you already have a credit account and don\u2019t have a credit score, there is a high chance that you haven\u2019t used that credit account for over 24 months. Credit accounts are mainly used for recurring and regular expenses, and hence, it is important for you to keep using the card for it to remain active. If your card isn\u2019t used for more than 24 months, you might be devoid of a credit score. All you have to do to get your credit score back is to make a couple of transactions with the credit card.<\/span><\/p>\n<ul>\n<li>\n<h2><span class=\"ez-toc-section\" id=\"How_do_you_establish_a_credit_score_for_the_first_time\"><\/span><strong>How do you establish a credit score for the first time?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you\u2019re looking to make your entrance and get a credit card for yourself, it might be a smart idea not to rush into it. Here are some of the best ways to enter the credit world without taking the risk of owning your very own credit card.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Apply_for_a_Secured_Credit_card_against_Fixed_Deposit\"><\/span>Apply for a Secured Credit card against Fixed Deposit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Opt_for_a_spouse_credit_card\"><\/span><strong>Opt for a spouse credit card<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You can opt for a credit card with a person who has a strong credit history. The ideal option here is to bring in your spouse for this option or parents if you&#8217;re a student.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Become_an_authorized_user_on_someones_credit_card\"><\/span><strong>Become an authorized user on someone\u2019s credit card<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If your parent, spouse, or any other relative wishes to do so, you can become an authorized user of their credit card. In this way, the person can add your name to their credit card account and you will be given a separate credit card that\u2019s linked to the same account.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Hence, these are some of the reasons why you may not have a credit score yet. But worry not! Follow some of our aforementioned tips to make a dramatic entrance into the world of credit and build a good foundation for your credit score.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Have you ever tried to generate your credit score for the first time? There are chances that when you tried [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[61,43,504,10,505],"class_list":["post-1431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-score-report","tag-aecb-credit-score","tag-check-credit-score-in-uae","tag-check-for-credit-score","tag-credit-score","tag-how-to-check-credit-score-in-uae"],"_links":{"self":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/comments?post=1431"}],"version-history":[{"count":6,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1431\/revisions"}],"predecessor-version":[{"id":2012,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1431\/revisions\/2012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media\/2008"}],"wp:attachment":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media?parent=1431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/categories?post=1431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/tags?post=1431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}