thin file: (noun) A credit report containing insufficient financial history to generate a credit score. Experian, Equifax, and TransUnion compile these empty records for individuals who have never borrowed money in America.

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BETA

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sloane Build Credit From Zero

No credit score yet? A secured card can get you on track. You make a deposit, Build your history with every payment.

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sloane Credit builder loans explained

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sloane These unique loans allow you to save money while building credit history.

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sloane Piggybacking on a family member's good credit history can jumpstart your score.

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Fun Fact

Secured card deposits: Your deposit on a secured credit card is fully refundable once you close the account or upgrade to an unsecured card.

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Glossary

thin file (noun)
A credit report containing insufficient financial history to generate a credit score. Experian, Equifax, and TransUnion compile these empty records for individuals who have never borrowed money in America.

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Gossip

What is the best way to start building credit?

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Quiz

What happens to your security deposit when you close a secured credit card in good standing?

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sloane Becoming an authorized credit user

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Quiz

What acts as the credit limit and collateral for a secured credit card?

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sloane Reporting your everyday bills

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Quiz

How does a credit builder loan differ from a traditional bank loan?

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sloane The power of a secured credit card

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Quiz

Why do banks offer credit builder loans to people with no credit history?

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Quiz

What does a 'thin file' mean in the credit reporting industry?

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Quiz

What is the term for being added to another person's credit card to inherit their positive history?

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Quiz

Which bill can sometimes be added to credit reports using services like Experian Boost?

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Quiz

Which of these is a common way for teenagers to start building credit with parental help?

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Building credit from scratch

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Starting from absolute zero

The hidden rules of the credit game

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