I am kinda new to the whole credit thing but my grandparents and everyone has really taught me a lot along with this site. Now im only 19 and have had credit for about 8 months. In the form of two credit cards. One is 8 months old other is 6 so average of seven. These are the requirements for establishing a score:· At least one account that has been open for six months or more
· At least one undisputed account that has been reported to the credit bureau with in the past six months
· No indication of deceased on the credit report (Please note: if you share an account with another person this may affect you if the other account holder is reported deceased).
Does that mean that once they are all met that a score is established based on traditional factors; type, history, payments ect? I have never missed a payment and my types are limited to credit cards only but I'm very new. Does my score start at 3 and work up after the time of establishment or is it automatically higher like 650? (arbitrary number)
