That’s not how credit scores work, my dude. Everybody has a credit score regardless of if they have a credit card or not. Your credit score gets used to qualify or disqualify you from a wide variety of financial products and services. A credit card is just one such product, and one of many ways you can influence your credit score.
In the US, you could conceivably get a home mortgage without a credit card if your credit score is high enough for other reasons. The person you’re replying to got a mortgage without a credit card because they’re in Europe, where most countries do the same thing the US used to do when qualifying a person for a financial product prior to credit scores: Manually assess their worthiness by reviewing their submitted income, investments, and past purchases.
The private FICO credit score is mostly an American thing, and has only been around for about 50 years, roughly the same as credit cards.
That’s not how credit scores work, my dude. Everybody has a credit score regardless of if they have a credit card or not. Your credit score gets used to qualify or disqualify you from a wide variety of financial products and services. A credit card is just one such product, and one of many ways you can influence your credit score.
In the US, you could conceivably get a home mortgage without a credit card if your credit score is high enough for other reasons. The person you’re replying to got a mortgage without a credit card because they’re in Europe, where most countries do the same thing the US used to do when qualifying a person for a financial product prior to credit scores: Manually assess their worthiness by reviewing their submitted income, investments, and past purchases.
The private FICO credit score is mostly an American thing, and has only been around for about 50 years, roughly the same as credit cards.