TAANSTAFL

They have a few limits like that on reporting.

It is deliberate due to how MANY credit cards, loans, etc are being reported on.

Another one is closed accounts, once they are closed they are only required to be kept on your credit report for a maximum of 10 years.

Live history, if that isn't an oxymoron is a rolling 24 months of payment status.

I just had trouble understanding how I could have 2 paid mortgages, paid college loans and zero debt and not have a credit score. Seems like a flaw in the system. I think you are right tech. They didn't say zero, they probably said I didn't have one.

With all the security vulnerabilities I really only use my debit card at the ATM.

Two years with no qualifying account activity meaning, credit cards, loans of any type, etc, and your credit score becomes N/A with a report of "No qualifying accounts present"

Not zero, just not there. Sounds like a difference with no difference but credit scores do not go to zero minimum is 350 or so.

Your actual score also varies on the algorithm used to calculate it...FICO, Plus, etc

It could. It could make you a ghost, like using cash only does. I don't think that's a bad thing.

I used a debit card for years. I tried to buy another rental property and found out my credit score was zero. At the time we had paid off our mortgage and I hadn't used a credit card for 3 years. I wonder if this system would have the same effect???

A system that eliminates the retailers processing fee would be great. Not sure if it will work but our business would greatly benefit from this.

Expect Android phone makers to join with the CurrentC merchants.

I'm still wondering why people would link anything to their bank account other than the Visa Debit Card.