The Starting Credit Score: A Guide for Beginners

Written By Alla Levin
October 18, 2019
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The Starting Credit Score

A credit score is a number that is assigned to people and businesses that have a financial history of borrowing and repaying debt.

According to financial experts, managing this number, which is sometimes assigned to you when you start your first tradeline, can be overwhelming.

Actually, it is common to be in the dark if you are not sure about what you need to do.

Surprisingly, this starting point of analyzing your financial data is a concept that is only understood by very few people.

For those who are aware, they can dispute any mistakes at the beginning to strengthen the foundation of this financial journey.

How Long Does It Take to Start Calculating Your Score?

Six months is the time needed by most credit bureaus to collect your financial data. For instance, a business that starts to repay a loan and bills today will have to wait for six months to receive their initial credit score.

Likewise, credit scores of individuals also take the same amount of time. The credit bureaus collect data from the following sources.

  •             Loans and debt repayment – whether it is a business or an individual, how debts are repaid plays a major role in providing the initial data for your credit score.
  •             Tradelines – as soon as a business starts, it can establish trade lines with suppliers and other financial accounts. Companies that focus on selling credit tradelines to customers also help the newbies to establish a high initial score. They provide instant information to the reporting agencies who will open a file for you.
  •             Credit cards – it is possible to get your first credit card without any credit score. It depends on the source of income that you have and how compelling your situation is to the lenders. As soon as you obtain one for the first time, the reporting agencies will start to collect your repayment history.

What Is a Likely Starting Credit Score?What Is a Likely Starting Credit Score

Different countries have varying models. However, the starting credit score is usually a three-figure number within the lowest and highest possible score. There is no certain number that is assigned to every person with new credit.

The credit score could be low or high, depending on the data collected within the six-month window. So, what should a person do to get a high number?

  •             Have many accounts – you may be new to having a credit score, and this is fine as a credit novice. More accounts mean more information sent to the credit bureaus. Although, it is better to have many accounts rather than only one, failure to manage them well will also lead to a low starting credit score.
  •             Repay your debts and bills – credit accounts are the main contributors to credit history. They give positive results when they are managed properly. Simply, pay all the debts and bills on time to increase the chances of receiving a high score.


As you can see, there is no defined starting credit score. You are the one to determine what you will get by managing your credit account.

Understand when they start collecting the initial data and the minimum time they will need so that you can do the right thing.

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