When you say that you have 'no credit' you are saying that you have never had credit nor have you ever made payments on anything. That is very rare in this society.
When you say that it is just as bad to have 'no credit' as it is to have 'bad credit'... That is all relevant.
If you have no credit, then you need to establish a credit history.... this takes time.
If you have bad credit, you need to fix it... sometimes this can be easy, sometimes difficult
Now to the issue at hand...If i am a potential land lord and you have a history of not making your payments (bad credit) vs. someone that has no credit history, i am more likely to take a chance on the no history, if that person shows the ability to be dependable (a steady job).
Have you ever paid rent?
Well we all start out with no credit, we get a job, steady income, get a small line of credit (credit card) and off we go into the world of debt.
Making a monthly rent payment and related utility bills will both help establish your credit history.
I hope this helps, thanks for reading.
If you need help finding a rental property, feel free to contact me.
Rick Ream - Realtor Â®
Coldwell Banker, Wardley Real Estate
7670 W. Lake Mead Blvd #100
Las Vegas, NV 89128