Your credit score, whether it's good, bad, or you have no established credit, is what the majority of loan lenders look at when making the determination to give you a loan, or deny you. Having no credit means that you either haven't had any activity reported to the credit bureaus or that they have such little information on you that it isn't possible to give you a credit score. Having bad credit means that you either have a bad history of not paying your bills on time, you owe too much money or both.