Your credit score can be viewed online if your credit history is less than six months. This information is available from the three main credit bureaus. Some third-party scores providers also provide it. You may not be able to view your score if there are technical issues or your score isn’t being reported. This is normal and will not result in you being penalized.
There are reasons you might not be able see your credit rating
There are several reasons you may not be able to see your credit score. You may be temporarily lower your credit score if you have had a hard inquiry about your credit report. A shorter credit history can lead to a lower score when you pay off a loan. This is significant because 10% of your credit score depends on how old your accounts are, so repaying a loan could lower your score.
A lack of sufficient information on your credit reports could also explain why you aren't able to see your credit score. You may not have accurate information about your credit score because some lenders won't report account activity all three credit bureaus. Your score is not calculated on activity in the past and your credit history could be incomplete or outdated.
Technische problems
Lenders use credit scores to decide if a borrower is a suitable candidate for a loan. Sometimes, technical issues can block lenders from seeing the data. Equifax, a multi-national consumer credit reporting agency, was the latest victim of a technical glitch. It led to higher interest rates, and denied loans. Despite the impact of the glitch, the company has since fixed it.
This is not ideal but you should still contact your credit reporting company immediately to find out the details. In the last few years, there have been numerous data breaches by companies that have exposed consumer information. Equifax revealed the financial histories of 150 million people in one data breach. The company settled for $700m. All affected customers were offered four years of credit monitoring free of charge and $125 cash. Money reached out to Equifax for comment but the company did not respond. However, Equifax recommends that consumers regularly review their credit reports.
Equifax may still be facing problems with the Consumer Financial Protection Bureau, even though it has now fixed the initial issue. The bureau is investigating the three major credit-reporting companies. The glitch affected nearly 2.5 million consumers within three weeks. The scores of all three companies are often viewed by mortgage lenders.
Credit bureau error
If you believe your credit report contains an error you can contest it. Contact the bureau concerned and provide more details. Sometimes, the bureau may not agree with you and report it to your credit report. If you disagree with the bureau’s decision, you may appeal by providing additional information.
Most errors won't have an impact on your credit score. However, they may affect your ability later. To avoid any more damage to your credit score, you can dispute any credit errors. Although this process may take a while, it's free and easy. If your credit report contains inaccurate information, you should contact the bureau as soon as possible.
If the credit bureau can't resolve the issue, you should contact the data provider. This is the financial institution that provided the data to the credit bureaus. The data furnisher should appear on your credit reports. Data furnisher has 30 days to investigate the complaint. If they find that the information is inaccurate, they must remove it from your report.