Building credit is a Catch-22 situation. To borrow money, you need a good credit score. And to build a decent credit history, you need decent money. Credit building can be tricky and a high credit rating is even more difficult.

Credit history is nothing but your financial history. The lender, whether a bank or an agency will look at how you have been spending money to assess if you are worthy of a credit card or a loan. They want to check if you will be able to pay back your debt.

It can be frustrating to figure out how to show a credible financial history if no one is willing to give you credit, to begin with. You do not want your financial milestones, such as a car, home, credit cards, etc., to be halted due to a rejection.

At Vola, we have figured out how to eliminate this frustration through a credit creation tool, especially for first-timers. Plus, you neither need a credit check nor someone to be a guarantee to generate a credit card. This feature will allow anyone to be eligible for one.

The best part? Our effective system has helped our users improve their credit scores in 85% of the cases.

How Vola App Helps Build Credit History?

A good credit score is made up of several factors such as payment history, current debt, credit history, age of your credit account and new credit applications. Based on the credit score model, your score will range between 300 to 850 for both FICO and VantageScore.

The time it takes to build good credit can vary from person to person. It generally takes about three to six months to get your first credit score. The duration depends on various factors and how you are managing the credit. Moving from a poor or a bad score to an excellent one will take longer than building a credit score from scratch.

The reason why it takes so long to build credit scores is because the lenders are scrutinising your credit behaviour and activity over some time. For example, a person paying all their credit card bills on time for a month may improve their credit but not as much as a person who has been paying on time for months or years.

Also Read: A Beginner’s Guide: How Do Credit Card Rewards Really Work?

What Else Can You Do To Build Credit Score from Scratch?

1. Start with a Secured Credit Card

If you are one of those who has no credit, start with opening a secured credit card. You will have to make a cash deposit as collateral and this will set your credit limit. With regular, on-time payments, these cards report positively to credit bureaus, giving a solid foundation for credit growth.

2. Become an Authorized User

Want to build your credit history quickly? Become an authorized user on a trusted family member’s or friend’s credit card account. While this approach does not require managing the account, their responsible usage will contribute to your credit score.

3. Credit-Builder Loans

Credit-builder loans are designed specifically for people looking to establish or improve credit. If you make payments over a set term, and at the end, the funds become available to you. It’s like a forced savings account that also builds your credit history with timely payments. 

4. Pay Off Debts and Keep Balances Low

If you have any outstanding debt, try to pay it off or reduce the debt as much as possible. This will help you improve your credit utilization ratio, a significant factor in your credit score. Ideally, it should be below 30% of your total credit limit.

5. Regular Credit Monitoring

Track your score for any inaccuracies and insights by regularly monitoring your credit through free tools or credit apps like Vola. Staying informed enables you to adjust behaviours to support positive score trends.

Each of these actions can serve as building blocks for a strong credit profile, especially when practiced consistently. By covering both quick wins and foundational habits, this approach balances immediate improvements with long-term credit health.

Also Read: 5 Ways to Improve Your Credit Score While in College