A credit rating of 1 typically represents the highest, most favorable rating, indicating prompt payment (within 30 days of the due date) on loans or credit accounts. In North American "R" ratings, it means accounts are paid as agreed. However, a -1 (minus 1) on a CIBIL report indicates "No History" or no credit records.
Short Answer - A '-1' or 'No Hit' credit score means you have no credit history, not bad credit. Lenders may find it harder to assess you. To build a score, start with a basic or secured credit card, small EMI loans, or loans against deposits, and repay on time consistently.
What is the highest credit score vs. a good or fair credit score? Credit scores typically range from 300 to 850. Within that range, scores can usually be placed into one of five categories: poor, fair, good, very good and excellent.
The “0” designation means the account is too new and you lack the credit history for it to be rated or it has been approved, but you haven't used it yet. The “1” designation means the account has been paid as agreed upon within 30 days of billing. You should strive for this credit rating with all your accounts.
A minus score is more of a 'status' rather than your actual score. What this means might help you understand where you are with your credit score and report. The -1 score status on your account means that Experian, our partner credit bureau, hasn't got enough information to give you a score.
0 – payments up to date. 1 – payments up to 1 month late. 2 – payments up to 2 months late. 3 – payments up to 3 months late. 4 – payments up to 4 months late.
No. Fortunately, no one's credit score can equal zero – the range for FICO scores is 300-850 – and even people with poor or bad credit have a credit score of at least 300. A “no credit score” means there is insufficient information for a credit score calculator to compute a score.
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Credit scores range from 300 to 850, so the lowest possible score is 300. 💡 While it's pretty rare to have a score of 300, about 13% of Americans have a “poor” credit score according to Experian. A poor score is 300–579 on the FICO scale.
A status code of '0' under each month shows all payments have been made on time. A status code of '1' shows that a payment was one month late. If payment is not made the following month the status code is shown as 2. Late payment status codes run up to 6 when they then revert to status 8.
It's partly true: most negative items like late payments and collections are removed from your credit report after about seven years, but the underlying debt often still exists, and bankruptcies (Chapter 7) last 10 years, so your credit isn't entirely "clear" but mostly refreshed from old negatives. The 7-year clock starts from the date of the original delinquency, not when you paid it off or sent to collections, and the debt itself can still be pursued by collectors.
'My FICO Score Is Zero,' Says Dave Ramsey. He 'Can't Rent An Apartment,' But Can Buy The Whole Apartment Complex. Dave Ramsey is often unapologetic when it comes to the credit industry.
According to Dave Ramsey and other financial experts, it's entirely possible to live without a credit score. In some cases, it might even be better.
A one-score credit score indicates that the individual does not have a credit history with any lending institution yet. This could be because: You have never taken any loan or credit card before. None of your financial transactions have been reported to CIBIL yet.
Reaching an excellent credit score (750 and above) is generally a long-term goal and may require at least five to ten years of consistently responsible credit habits. It's worthwhile to note that achieving this high score often necessitates having a mix of credit types and a history of on-time payments.
A CIBIL score 1 means that there is no retrievable information about your borrowing behavior. It is also known as NH, or 'No History'. No credit history, no recent loan or credit card application, and no direct credit exposure can lead to this.
Fewer than half of adult credit cardholders (46%) carried a balance on a credit card for at least one month in the past year, according to a May 2025 Federal Reserve study using 2024 data. Job No. 1 for anyone with a credit card is to pay off that balance in full at the end of each month.
An 800 credit score is considered "exceptional" and, while not extremely common, it's achieved by a significant minority: roughly 23-24% of U.S. consumers have scores of 800 or higher, meaning nearly one in four people falls into this top tier, though far fewer (around 1.5-2%) hit a perfect 850. This level of credit is excellent for securing the best loan rates, requiring consistent on-time payments, very low credit utilization, and a long credit history.