รดรด

What Does "Insufficient Credit History" Mean?

By
Laura Adams, MBA,

Ask Money Girl: What Does "Insufficient Credit History" Mean?

Q. My new apartment asked for a deposit due to my "insufficient credit history." I do have some negative items lingering on my credit report, but I don’t currently owe anyone anything. What more can I do?

Buy Now

A. Having an insufficient credit history simply means that your credit file wasn’t old enough to satisfy the apartment. The best way to build a history of positive transactions is to use a credit card responsibly by making charges that you pay off in full and on time every month.

Additional information: How to Build Credit

Credit History image courtesy of Shutterstock

 

The Quick and Dirty Tips Privacy Notice has been updated to explain how we use cookies, which you accept by continuing to use this website. To withdraw your consent, see Your Choices.