I have no credit cards and my score is low – Why is that?

I paid off all my credit card debts 5 years ago. I chose to stay way from the credit cards as the interest rates were quite high. I have even paid off my automobile loan. However, this has not helped my credit score much. My score is still 640. My annual income is $110,000. I make regular payments on mortgage. Why my credit score is not increasing? Should I get a new card? What things should I keep in mind while securing a card? Will I even qualify for a credit card?

2 Answers

Vote up!
2
Vote down!
-3

I am still waiting for an answer from the forum expers of this community. 


Vote up!
1
Vote down!
-3

Welcome to this community…..
Our forum expert will come shortly and answer your queries.
 


Write Your Answer

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 3 and 3


Page loaded in 0.157 seconds.