👉 In the world of finance, "mortgage without credit history" is a term used to describe someone with no credit history when applying for mortgage loans or obtaining other financial products like mortgages. This slang term encapsulates individuals who do not have any previous payment record or credit rating, thus making them ineligible for some forms of financing.
Example sentence: "I was looking at my bank statements and I saw that I didn't have a credit card balance or any payment history in my name!"
