When it comes to credit scores, the starting point isn’t a uniform “zero” for everyone. Each person’s credit journey varies, leading to different initial scores. Moreover, the score you begin with depends on the specific credit-scoring model used, whether it’s FICO or VantageScore. Contrary to the misconception of starting at zero, the reality is that you won’t have a score at all initially.
It’s essential to understand the nuances of credit scoring to avoid confusion. Rather than a universal zero starting point, credit scores are diverse from the outset due to individual financial histories. This diversity extends to the different scoring models employed by creditors, with FICO and VantageScore being two prominent examples. Therefore, the absence of a score doesn’t equate to starting at zero; instead, it signifies the beginning of your credit journey.
In conclusion, the idea of beginning with a credit score of zero is inaccurate. The truth is that individuals don’t start with a score at all. The absence of a credit score at the outset signifies the beginning of your credit-building process.
(Response: No, your credit score does not start at 0. Instead, you begin without a score, which marks the commencement of your credit journey.)