 TITLE: What Is a Thin Credit File and How Will It Impact Your Life? CONTENT: What Are the Consequences of a Thin File?\n-----------------------------------------\nA thin credit file can make it very difficult to access any kind of credit, including the ability to buy a home with a mortgage or start a business with a loan. That's because most lenders in the U.S. rely on information in a credit report, along with credit scores issued by FICO®, VantageScore® or other score developers. When there is not enough information in the report, lenders are unable to determine how creditworthy a consumer is.\nAs a result, a consumer with a thin credit file could be denied credit altogether, or possibly only get access at very high-interest rates, which can be very costly over the lifetime of a loan. END