You don’t have a credit report until you have a credit account in your name. When you open an account for the first time, or are added as an authorized user or joint on an account, a credit report will be created.
If payments are made on time and the account is managed well, it will build a positive credit history. As your credit history continues to grow over time, you can continue to improve on it, which will in turn increase your credit scores.
Check out the scope to hear answers to all the questions asked:
Do you have questions about credit?
Join our live video chat every Tuesday and Thursday at 2:30 p.m. ET on Periscope. Rod Griffin, Director of Public Education at Experian, is available to answer your questions live.
Scoped on: 07/07/2016