An official website of the United States Government
Credit reports and scores

I was denied credit because of an "insufficient credit file" or "no credit file." What does this mean?

It means you probably have no credit history or credit files that don’t have enough information to generate a credit score.

Without a credit score, many lenders are unwilling to offer credit, or they’ll charge higher interest rates and give you less favorable terms.

For the most common credit scoring models, you may have trouble getting a credit score if you:

  • Don’t have at least one credit account open for six months or more
  • Don’t have at least one update in the past six months on a credit account where you haven’t filed a dispute

Tip: Here are some actions you can take to overcome these hurdles:

  • If you have a credit card, use it carefully and pay down as much of the balance as possible.
  • If you have other lines of credit, make your payments on time.

Warning: Even if you can get a credit score, some lenders will consider your credit history insufficient for loan approval depending on how long you’ve had a credit account and how many credit accounts you have.

Can't find your question? Make a suggestion!

Suggest a question