What Does "Insufficient Credit History" Mean?

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?

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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


About the Author

Laura Adams, MBA

Laura Adams received an MBA from the University of Florida. She's an award-winning personal finance author, speaker, and consumer advocate who is a trusted and frequent source for the national media. Her book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show. 

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