Build credit from ZERO

Day 2: How Is Your Credit Score Calculated in the U.S.? – Know the structure, build your strategy. In the U.S., your credit score is more than just a number. It’s a reflection of your financial trustworthiness . But how exactly is this score calculated? 📊 The 5 Key Factors of a Credit Score (FICO Breakdown) The most commonly used system is the FICO Score . It’s made up of five components , each with a specific weight: Factor What It Means Weight 📟 Payment History Have you paid on time? Any late payments? 35% 💳 Credit Utilization How much of your credit limit are you using? 30% 🗕️ Credit History Length How long have you had credit accounts? 15% 🧹 Credit Mix Do you have a variety of credit types? 10% 🔍 New Inquiries ...

In the U.S., your credit score is more than just a number—it's your financial ID. It determines whether you get approved for an apartment, a car loan, or even a job in some cases. But many newcomers and young adults have no credit history at all. This guide will walk you through how to build your credit from zero—safely and effectively. These 3 steps aren't just theory—they're a proven roadmap for building a 650+ score in just a few months when applied consistently. Make sure you bookmark this page, and download the checklist below to stay on track. Step 1: Check Your Credit Report Your first step is understanding where you stand. Use free tools like Credit Karma to view your credit report and credit score. Even if you have no history, it's important to verify that there are no errors or fraudulent accounts opened in your name. This is your foundation. 🔍 View Credit Karma Guide Step 2: Apply for Your First Credit Card If you're brand new to credit, st...