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I’m 17, and I have a couple questions about your credit score….
1)Do you start out with a perfect credit score?
2)If someone doesnt use a credit card, or have any loans and pays all of their bills on time, do they automaticly have a perfect credit score?

5 Thoughts on credit scores??????….???????????
  1. Reply
    R T
    August 7, 2011 at 6:10 am

    You start out with no score. After you have established about six months of credit history (credit cards, loans, etc), you will get a score.

  2. Reply
    August 7, 2011 at 6:57 am

    1. No. You do not start out with a credit score.
    2. No. It is almost impossible to have a perfect credit score. For example, no one under 38 has a perfect credit score. Why? One of the requirements for a perfect score is a history of paying things for at least 20 years.

  3. Reply
    August 7, 2011 at 7:31 am

    1. You start with no score at all. If you tried to order your credit score right now, it would tell you that there is no record of you.

    2. When you do establish credit, you’ll actually have three different credit scores. These scores are based on your credit reports from Trans Union, Equifax, and Experian.

    FICO is the most popular company that establishes your three credit scores. Your FICO credit scores can range from 350 – 850. It is almost impossible to have an 850 FICO score, but anything above 700 is considered good. Anything above 775 is considered top notch.

    Once you establish credit, there is no way to tell you what your first score will start out as. You can usually get in the 700s after a couple years.

  4. Reply
    Use Your Noodle
    August 7, 2011 at 8:16 am

    No, you start out with NO credit score.

    Paying your bills (utility, rent, cell phone) does NOT build credit. You need to actually be extended credit by getting a loan or credit card in order to start building a FICO score.

  5. Reply
    August 7, 2011 at 8:18 am

    You can get detailed credit report online, I signed for this service and it has free trial credit monitoring plan for new users to provide their scores and reports –

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