20 year credit history missing on Equifax[ Edited ]
02-04-2012 09:32 AM - edited 02-04-2012 09:37 AM
About 6 years ago, I closed out all my credit cards and credit accounts, wanting to live a simpler, less attached, life. Now I realize that may have been a mistake, since credit history is now used to measure personal worth and in some situations, job qualifications. With that concern, I recently applied for a credit card. I was surprised to learn that I was declined. They said that Equifax could not give a report, for lack of credit history. I obtained credit reports from all my agencies and the missing Equifax history was confirmed. I've saved the best for last; despite no credit history, Equifax gives me a credit score of 769.
To put things into perspective, over the past 20 years, I've paid up two mortgages, a truck, an equity line, my student loans, and about eleven revolving accounts. I've never been late on payments or defaulted on any of this. I have two respectable savings accounts and have no debts. I currently hold a university position and have been fully employed with them for over 20 years.
At this point, I'm not sure what to do. Can a reporting agency wipe out one's credit history, simply because one has no open accounts?