Question:

Credit Starts?

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Does Your Credit Start When You Get A Bank Account??

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3 ANSWERS


  1. It starts once anything is used with your SSN.  SO when you get a job.... open a bank account... get a loan.. anything.


  2. Sounds like you are just starting out using credit, you should read this article on building your credit, http://www.monitorbankrates.com/how-to-b... the best advice I can give is don't get in over your head and pay your credit cards off every month if you can.

  3. It can start with the extension of credit and/or of opening a financial account. It can be a direct deposit (savings/chequing) account, a credit card, a loan, a mortgage, etc...

    Employers  only use it for tax purposes
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