Creditors and Bankruptcy/Unusual credit score


Hi Leon,
I recently purchased a new car and the dealership gave me a credit report showing an Equifax score of 737. I'm 64 years old and this is the first time in my life I've ever had any idea what my credit score might be. I'm amazed it's not higher but I'll bet you will know the answer. I own an expensive home that I paid cash for 4 years ago. The last time I had a mortgage was about 30 years ago. I've paid cash for every car (and motorcycle) I've ever owned. I have used credit cards a lot in my professional life and have never paid a cent in interest. I'm pretty certain I've never paid a single bill late in my entire life...really, truly! By the way, I've run credit checks on myself and have never seen any derogatory information and anything that wasn't accurate. I've been married for 12 years and my wife's situation is incredibly similar. Why is my score so 'average'? Thank you, very much!


Dear Woody,

Yep.I know the answer.

It's because you have no credit history.

If you had financed the car and made 6 months of payments you would have a credit history. I think you would then see your score moving up.

Does it really matter? Nah. Not one bit.  

Creditors and Bankruptcy

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Los Angeles Bankruptcy Attorney Leon Bayer


I can answer all questions relating to debt collection, credit reporting problems, credit scores, bankruptcy, debt settlements, debt settlement scams, and dealing with debt collectors. For many years I have been one of your volunteer experts for the topic "Bankruptcy Law". I would like to receive more questions. I'm thinking that many relevant questions get asked under this catagory as well as my own. See my stats, below: Los Angeles Bankruptcy Lawyer Leon D. Bayer U.S. Available View Profile Ask A Question View Past Answers Knowledgeability9.96 Clarity of Response9.93 Politeness9.97 Response Time(hr)14.6 --Last 90 Days(hr)7.6 Total Questions1119


34 years as a practicing bankruptcy attorney, published book author on topics of bankruptcy and foreclosure. See,


BA degree, J.D., admitted to California Bar in 1979.

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President, 1995-1996-Los Angeles Bankruptcy Forum; Member - Los Angeles County Bar Association Committee on Commercial Law & Bankruptcy, 1988. Law Advisory Commission-Personal & Small Business Bankruptcy Law of the State Bar of California, 1996-2000

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