answersLogoWhite

0


Best Answer

That there is not enough information reported to the credit bereau yet to calculate a rating or risk. It usually applies to young adults who have not yet had a credit card, auto loan, or other contract which requires payment under specified criteria.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does insuffiecient credit means?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does credit limit mean?

Limited credit experience means that a person does not have much in the way of credit history. This means that a person has used credit as payment in the past, but not to a great deal.


What does 1 credit mean on itunes?

1 credit means you can buy a song with that credit


What does sales credit mean?

it means credit from a large company


What do brackets in credit and debits entries mean?

(-) means credit amount and positive amount means debit


What does limited credit experience mean?

Limited credit experience means that a person does not have much in the way of credit history. This means that a person has used credit as payment in the past, but not to a great deal.


What does cancelled by credit grantor mean?

Cancelled by credit grantor means that your credit card account was closed by the creditor. This means that it was cancelled by the person extending you credit, rather than being cancelled by you.


What does a unit mean in college?

A unit usually means one credit A unit usually means a college credit


What does a M5 stand for on a credit report?

M5 in credit report means?


What does credit on debit card means?

Available credit or in general credit on a Debit card means - the amount of money you have in your bank account. Lets say you have Rs. 10000 in your account then your credit is Rs. 10000 only.


What does an Equifax credit score of 746 mean?

It means your credit is in "Excellent Standing"


What does O.A.C mean?

Usually "on approved credit" Means if you're approved you get credit


What is the difference between open ended credit and closed end credit?

Open end credit means khullam khulla udhar lena band.Closed end credit means chup k udhar lena band