If you’re trying to get your first credit score, you might feel like you’re stuck in a loop.
You need a credit history to establish a credit score, but you need a credit score to access credit and build a credit history. If that obstacle has left you without a credit score, you’re not alone. Approximately 45 million adults are “credit invisible,” meaning they either have no credit score or their files don’t have enough information for a credit score.
While establishing good credit can be difficult, it’s not impossible. If you use the tools available, you may be able to establish a useful credit score after about six months. Here’s everything you need to know about getting a credit score after you open your first credit card.
What Happens to Your Credit Score After Opening a Credit Card?
If you’ve never borrowed money from a lender or used a credit card to make purchases, there may not be enough information in your credit report to generate a credit score. But when you start making (or missing) payments, your issuer might report to one or all of the three major credit bureaus.
