What is the credit score of a person who has never had credit before?
You pretty much don't have a score. It's not impossible to get
loans, but when you apply substantial down payments and/or high
APRs may be a part of the loan. When you first start out on credit
you still don't get a score, but I believe an initial score is
established after 90 days. I believe they start you in the 600s
because when I applied for a car loan my score was 615 after only 6
months of credit. This is why it's important to have credit cards
at a young age so credit can be built. APR doesn't matter for the
card, just carry a low balance and pay in full every month and
those two things over a period of time (usually 3 years to get your
"average" credit score) will give you a nice credit score. AND PAY
ON TIME !