No. On the contrary, bad credit is worse than no credit. The former applies when you have or had a credit or loan and ended with a bad payment record due to not paying according to the agreement. On the other hand, no credit is when you’ve never borrowed a credit line or loan from a lender, giving you no credit record. It’s very easy for a no-credit consumer to establish and build their credit than it is for a bad-credit customer to improve their ratings. This is because lenders consider someone with bad credit as a high-risk borrower.