FICO also requires that you’re alive at the time of the request as a means of fraud protection, a tenement Ulzheimer said could result in a rejection for a legitimate (and living) person should they share a joint account with someone who is recently deceased.
Those without credit need not fret. Though credit may be hard to come by in our current economic climate, securing some won’t drop you directly into FICO’s bottom bracket. Credit newbies who play their cards right could actually end up in the higher eschelons.
“I’ve seen people go from having no score to having a good score,” Paperno says.
Looking for credit? This MainStreet article helps credit virgins find the right card.
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