Where does ones credit orescore actually start? Do you start at 0 and build it up?

Question

Or, do you start at 0 and your first credit interaction shoots you up to a high number and you can either go up or down from there?

(Hopefully that question made sense, lol)

My attempt to explain exactly what I am wondering: If I have no credit and then apply and receive a credit card, do I know have a score, and what is it? Do I need use it before I get a score, and once I do what would my score be. In addition, lets say I have no credit, but apply for a card and get denied...am I now in the negative or does the score only start once I receive credit?

Answer 1

F.I.C.O. reports from 300 to 850 anything that scores below 300 defaults to 0.

Everyone starts at 0 and builds up, your score starts when you first get credit and start using it.

Accounts take 6-months to be rated, so once you start using your credit card it will still take 6-months of on time payments hopefully in full before you have a score.

Answer 2

You start out as a "first time buyer", which gives you some leniency. I believe once you have active credit your score is around 5 or 6 hundred, but it goes up pretty fast as long as you are paying your bills on time.

Answer 3

Your credit score begins once you open your first credit card account. If you use it a lot, and you carry a balance on it over several months, your score will be high. If you only have one card, and you pay it off every month, your score will be low.

Answer 4

I think either 0 or somewhere around 300.

Answer 5

Nope not clear. Dont make sense.

Answer 6

IF YOU HAVE NO CREDIT YOU ARE A ZERO