Building credit can feel just like an uphill battle. You’ve lived here all your life and never established credit, it’s hard to build credit without credit whether you recently moved to America and are starting over or.

Here’s just exactly how it works — as a “risky borrower” and as a result, you’re not able to get credit and prove them wrong because you don’t have a history of credit, companies categorize you. It’s a cycle that is vicious.

In reality, based on a scholarly research through the customer Financial Protection Bureau, 26 million Americans were “credit invisible, ” or didn’t have credit documents with nationwide credit scoring agencies.