In order to better understand the answer to "what does no hit no record" mean, it is very important that you understand the next sentence. Your credit report does not exist until it is requested. As you are reading this, there are literally billions of bits of data floating around in the data providers and bureaus systems on you and everyone else, and at this point, that's all it is, just bits of data. It is only when a request is made by you or some merchant such as a bank or mortgage company, that this data is compiled into a credit report. A credit report is merely a snapshot of one moment in time. The next time a request is made for your report and all of the available data comes together on you, this snapshot can be slightly or at times very different from the last snapshot taken just hours earlier. So, pulling a credit report is simply the term used, when in fact this is really a request for all of the most current and available data to be compiled on a consumer in that one moment.
No Hit No Record Found
So now that you understand that pulling a credit report is, in reality, a request for the compilation of the available data on any given consumer, let's now get into what it means when you see the term "no hit no record found" appearing on your credit report. When a request has been made for a copy of your credit report, many times there is incomplete information entered. For example, if you are applying for credit at a retail outlet in order to take advantage of some type of promotion being offered, many times the clerk/cashier entering your data can do sloppy work. We are not singling out retail clerks.
The incomplete data may include:
- Incorrect digit entered for your SS#
- Incorrect spelling of name
- Adding or deleting suffixes
- Errors in address
This incorrect or incomplete data that was submitted by the potential creditor was not sufficient enough to find the consumer or compile that consumer's credit report. This does not mean that you do not have a credit report; it just means that one of the above errors mentioned was most likely employed. So, based on the information provided or keyed in on you, there was not enough data given in order to compile a snapshot on your current credit profile.
One Thing to Remember
What goes in is what comes out. Whatever information is fed into the credit bureaus system either by you or the data furnishers, is going to be what comes out. The point here is, make sure that it is accurate. If inaccurate or incomplete information is fed into the system, the credit score that comes out will not be an accurate reflection of your profile. Do not offer negative information when applying for credit unless you know for a fact that it already appears on your credit report. One thing to remember is, not everyone you have a credit account with may report to the credit bureaus. The bureaus can only compile information that they have been given. If they don't have it, don't give it.
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