Good credit can help students studying in college to rent apartments, qualify for car loans, and even land a job.
It is important to build credit early in life to help you get a student loan or charge expenses on a credit card.
1. Start building credit history. If you are confident, start establishing credit history with a credit card or loan.
2. If you don't qualify, ask your parent or guardian if you can piggyback on their credit card as an authorized user.
3. Get a secured credit card. You'll deposit money and use the card. It will help avoid overspending and has less risk.
4. Get a student credit card. Credit companies offer these with lower credit limit and higher interest rates.
5. Pay your bills on time. Making consistent payments in full every month helps improve your credit score.
6. Pay down student loans. Making monthly payments establishes you as a trustworthy borrower and boosts your score.
7. Review your credit report. Start checking your report as a habit to look out for any fraudulent charges.