Tech Insider

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page.

Man takes out his first credit account
New credit users often have lower credit scores because they have a shorter payment history and low average age of accounts.

djiledesign/Getty

Tags
Personal Finance, Credit, Credit Score, Personal Finance Insider, TransUnion, Credit Report, New-to-Credit, TOC-jump-to, FAQ Page, pfi, PFI-XAMP, PFI Credible
Source
5.8 million consumers opened a credit account for the first time in 2021, new T…