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A comment on ‘I’m Old, Not an Idiot.’ One Man’s Protest Gets Attention of Spanish Banks. Parent comment

Re:‘I’m Old, Not an Idiot.’ One Man’s Protest Gets Attention... by amflare on Friday March 25, 2022 @11:44AM (#30803528)
It doesn't, but multiple years worth of rent/utility bills can be used as a substitute so long as you are willing to jump through a couple extra hoops and pay a little bit more in interest for the privilege.

My girlfriend just went though this process. She has no credit because she never got a CC and always saved up and paid for stuff like her car in cash. Over the winter she was looking to buy a house (didn't pan out for other reasons), and basically her only option was getting a loan manually underwritten. Part of that process was using a minimum of 2 years worth of bills as a replacement for a credit score. And the only loans available were several points more expensive than she could have gotten if she was able to do things the "normal" way.

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Re:‘I’m Old, Not an Idiot.’ One Man’s Protest Gets Attention... by SilasX on Friday March 25, 2022 @05:29PM (#30807227)
Yes, that was my point. If you can get the lender to look at your history, it matters, like anything else. But those transactions do not establish a credit history associated with your credit score.
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