How to Start Building Credit With No History
A self-service starting plan for checking your file, choosing one reporting account and paying reliably.
Having little or no credit history can make applications harder, but there is no universal score or deadline to aim for. A score depends on which account data is reported and which scoring model is used. The CFPB explains several ways to start a credit history.
Check whether you already have a file
Request your reports through AnnualCreditReport.com. These reports do not supply a credit score, but they show what the nationwide reporting companies have on file. If you see an error, use the official dispute process.
Choose one manageable starting point
A secured card, a credit builder loan or an authorized-user arrangement may help, depending on your situation. Ask whether the provider reports payments to the nationwide credit reporting companies. Compare all fees and read eligibility terms before applying. A deposit or an authorized-user invitation does not guarantee approval or a particular score.
Use the account without creating debt you cannot pay
Pay by the due date. If you use a card, keeping the balance manageable and paying in full helps avoid interest. The CFPB's rebuilding guide cautions against applying for too much credit in a short time. You do not need several new accounts at once.
Your next action: Check your reports, compare one affordable credit-building option and verify its reporting policy before applying.
Put this guide into practice:
Your credit rebuilding action plan →Join for future updates
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