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A customer credit application form should typically include fields for personal information, financial information, employment details, references, and authorization for credit checks. Additionally, you can customize the form to include specific fields that are relevant to your credit application process.
If you dont have much or any credit history, you could be counted among the credit invisible or the unscorable. That doesnt mean you have a credit score of zero. Rather, you have little or no information associated with your credit profile and, therefore, no score at all.
If a lender rejects your application, its required under the Equal Credit Opportunity Act (ECOA) or Fair Credit Reporting Act (FCRA) to send you an adverse action notice telling you the specific reasons your application was rejected or telling you that you have the right to learn the reasons if you ask within 60 days.
FICO Scores are calculated using many different pieces of credit data in your credit report. This data is grouped into five categories: payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%).
Having no or minimal credit history means you dont have a credit score at all. This is different from having a low credit score, which can stem from having negative information on your credit reports. Before you can hatch a plan to build your credit, you should check your score to see whether you have one.
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Once signed, the credit application is legally binding, including all terms and conditions outlined within the agreement. All invoices are due [per credit grantor terms]. All amounts for purchases from [name of credit grantor] are payable at [address].
Many people live with what we call ghost credit no credit history or not enough to generate a credit score. With Halloween approaching, its the perfect time to talk about how to bring your credit back to life and avoid the spooky consequences of staying invisible to lenders.

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