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In The Media

Majority of People Under 20 yo Have No FICO Score.

by Larry Chiang on May 30, 2016

Question*: Are there Americans who have SSNs like normal that really have no FICO score at all? Or is it usually a neutral one like 600–650 that is assigned at say age 18 before the person takes any credit out. 

*from my YouTube channel. 

Answer. This is a great question!
Initially, 18 year olds have no credit score. There is not a neutral score. There is not an assigned 600-650. There is just a void of you’re 17.5 years old to 20+. 
The initial act of applying for credit involves a bank, financial institution, industrial loan corporation, or/and Victoria’s Secret just taking a big chance on you for $300.oo. Ditto, Home Depot. 
Pay them back. 
Paying the first person to credit underwrite you will build your FICO to 800.
Starting a FICO score is amazingly hard. If you apply for credit and get rejected, you’re starting off with one very, very large strike against you. 

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