Generally speaking, customers that have a limited credit rating (sometimes also called limited credit experience) fall under two groups, the CFPB states.

The category that is first customers without any credit file produced by a credit bureau — otherwise referred to as “credit invisibles, ” the bureau states.

The category that is second called the “unscored, ” includes consumers that have no credit history simply because they don’t have sufficient credit rating to create a credit rating or who possess credit reports which contain “stale” information.