Consumer Auto Lending
Approximately 28 million Americans are considered "credit invisible," meaning they don't have a credit score due to a lack of credit history with the major credit bureaus. An additional 21 million are considered "unscorable" because their credit files are too thin or lack recent activity. In total, around 49 million Americans either lack a credit score or have an unscorable credit file.
Here's a breakdown:
About 28 million Americans have no measurable debt or credit history with Experian, TransUnion, or Equifax.
An additional 21 million have credit files that are too thin or lack recent activity to generate a score.
This means a total of 49 million Americans either have no credit score or have a credit file that cannot be scored by traditional methods.
These individuals often face challenges when trying to access credit, such as loans, credit cards, or even renting an apartment.
If you are looking to purchase a vehicle, click here to view a network of used car dealers in our network.
