First of all you should know what a credit history is: it is a score that describes the behavior you have had and have as far as your credit obligations are concerned. The credit history and Score are the data that banks and companies use to measure the level of responsibility of a client in front of the use of acquiring their product or service.
Credit history is a person’s letter of introduction to a service provider or creditor. Therefore, it is of utmost importance to have responsibility and discipline when it comes to meeting financial obligations or responsibilities.
Credit anonymity refers to the credit invisibility of a person, someone who does not have a built credit history. Which in the long run can generate certain difficulties for you when it comes to achieve any project, whether personal, professional or business because many times to achieve them you need a source of funding, which can not be achieved if your credit is invisible.
Here is a clear example of an invisible credit:
If you buy any appliance or real estate in cash and do not use any bank instrument, either loan or credit card and the time comes that you need any service or benefit you will have difficulty getting it because you will not have any record that gives evidence that you meet your financial commitments, therefore, you will not be considered eligible for credit.
Some tips for building a credit history.
Open a savings or checking account.
Apply for or accept a credit card.
Make your payments on time.
Apply for store credit.
Catch up on late payments.
Without a sufficient credit score or credit history, it is very difficult to have a presence. Credit scores indicate a consumer’s credit risk and serve as the basis for most loans.