In our society, people make it seem like it’s literally impossible to function without a credit score. And just to be clear, NO credit score is different from having a LOW credit score. Having a low credit score can definitely create very real barriers for you in the U.S. and that’s a different situation.
Fun fact. Many countries don’t use a credit score at all and it wasn’t until the 80s that we even started doing it here… Anyway.
Since we personally don’t have debt anymore, we don’t have credit scores. A credit score is only based on the debt you have and the relationship you have with your debt, so if you have no debt, you have no score.
I’ve wondered if not having one would eventually cause issues for us. So far, I’ve been able to rent a car no problem – just did that in AZ. And we also just signed a rental lease without one. We applied to two properties, were approved for both. With two separate property management companies, we were never asked for a higher deposit, to provide additional payment history, a co-signer, nothing. (I have heard that these could be additional requirements).
You CAN still see the payment history on our previous debt accounts. See below screenshots from my credit report. So I think that most likely helped us avoid any hassle, since most landlords just want to see that you pay your stuff on time.
So anyway, that’s it. That’s my story for now. I wondered if we’d have trouble, and we personally did not. Oh. And we signed a lease and are moving back to AZ in January 🎉🥳😭😬 (all the emotions). If you’d like to read more posts on personal finance, click here.
P.S. Gonna turn off comments cause I don’t wanna risk my night and mental health if someone comments arguing with me about credit scores. I’ve already heard it all. Reminder: that this is my personal page where I share what I learn and experience when it comes to $. Thanks ❤️💸 🙏
