What does your credit score start out as?
Sierra S asked:
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on Tuesday, November 25th, 2008 at 5:55 pm and is filed under Credit.
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I just turned 18 in the end of October. What would my credit score be now? What does it start out as? What is the eastiest way to build your credit score? How long does it take to build your credit? Do you get points per month or what?
November 28th, 2008 at 3:27 pm
Usually you don’t get a credit score without about a year of history. So, you may not even have a score at this point.
December 2nd, 2008 at 2:45 am
Happy Birthday. Just always remember it is easier to get credit with no credit, like now, then if you jack up your credit and have bad credit. Until you have accounts reporting you may not have a score and I see that regularly when people pull their credit reports. There are several factors that make up your credit score and Fair Isaacs Corp which came up with the FICO score is the most widely used scoring system. I’ll put a link below instead of rewriting it all out.
December 2nd, 2008 at 11:50 am
it starts off as nothing. If you get negative info it starts at 300 and up.
when you create credit for about 3 months you will get a score. After about 6 months it will create a history report of statistics, only for getting more credit(you will not see this).Credit depends on many things, 1 credit card on a blank credit can get you a 700 it doesnt mean banks will trust you. It takes time and accounts being paid back.
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