Being debt free is a great feeling! However, if you don’t have any credit card balances and your credit profile stays this way for a couple billing cycles your credit score could drop.
- Credit score cards need some sort of history to rank you. If you don’t have a balance you don’t have activity. If you don’t have activity you don’t have history.
- Every score card has different requirements on how many active tradelines or accounts they need to score you. Generally, you need 3 positive and active accounts to get a score.