How To Build And Maintain A Good Credit Score At College

How To Build And Maintain A Good Credit Score At College
  • Opening Intro -

    Maintaining a good credit score at college is an ideal way to become financially stable after graduation.

    It takes several years to build a good credit score.

    But it only a few days to damage it.

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Maintaining a good credit score at college is an ideal way to become financially stable after graduation. It takes several years to build a good credit score. But it only a few days to damage it. These scores range from 330 to 830, but many college students have a score of below 650, which is generally bad. A good credit score is said to be anything between 730 and above.

Your credit score and history will play a very vital part in your future. Luckily for you, college is an ideal place to start working on improving your score.

Here are some tips to help you get started.

Start Building Your Credit Score Now

As a college student, there are many things that you are concerned about. A good credit score is usually not a concern for most students. However, maintaining a better score has a lot of advantages and benefits.

Some employers can request your credit report before giving you a chance to work on their company. Also, if you want to buy a car, a good credit report can help you to secure a vehicle loan at a better rate. Additionally, a good credit history can also help you to find a good apartment to rent or
even buy.

Choose the Right Credit Card

A credit card has a lot of benefits, but only when used correctly. So, be sure to choose the best card for you. Companies that offer fraud protection are highly recommended. It’s wise to do some research before you choose a card.

Avoid Applying For Multiple Credit Cards At Once

Applying for several credit cards will only have a negative effect on your credit score. This is because every new card that you request for makes up to 10 percent of your score. So, it’s best to wait for a card that doesn’t attract annual charges.

Settle Your Bills on Time

  • Don’t wait for your bills to accumulate before paying them.
  • Debts attract interest that could have been avoided. They’ll also destroy your score.
  • Don’t live a life that you can’t afford.
  • You stand a chance to live a better life if you go through college without credit card debt and maintain a good credit score.

Make Sure Your Credit Card Details Are Always Up-To-Date

It’s normal for students to move from one place to another. Every time you relocate, make sure that your account’s address is updated as well as all your utility bills. Bills posted to wrong address can attract fines, and hurt your credit score.

You should share this article with your friends on social media and other networks. In fact, if you have a roommate that you share bills with, he or she can affect your credit score. So, it’s wise that you educate them on how to build and maintain a good credit score. There’s no better way to do that than sharing this article with them.

College Financing reference:

finding money for college guide

 
Bestseller No. 2
Better Credit: The secret to building better credit to build a better future
3 Reviews
Better Credit: The secret to building better credit to build a better future
  • Amanda McRae
  • Independently published
  • Paperback: 123 pages
Bestseller No. 3
How to Build Credit: How to Improve Your Credit Score & Rebuild Credit (Financial Stability Series) (Volume 2)
  • How to Build Credit How to Improve Your Credit Score Rebuild Credit
  • Kimberly Peters
  • CreateSpace Independent Publishing Platform

Last update on 2018-04-26 / Affiliate links / Images from Amazon Product Advertising API

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Categories: Finance