Categorized | Finance

Off to College? Here’s How to Build a Good Score

If you’re going off to college for the first time, expect to hear a lot about credit. Granted, the most important credits to worry about are your college credits. You might also start hearing some buzz about credit cards, from marketers near campus, from your school credit union, or from your peers. If you apply for a private student loan, you’ll soon learn that credit history is one of the deciding factors.

Before you get derailed, know that your goal is to achieve a good credit score, whether you start while you’re in college or you wait until after graduation.

At age 18, you’re old enough to qualify for a credit card on your own, if you have your own income. That first credit card will be the starting point of building your credit score. Use it wisely and you’re on your way to good credit.

Some actions (like not paying your bills) can jumpstart your credit score without you even trying. Unfortunately, that’s not how you want to get your credit score started.

Here are some tips for building a good credit score in college. Keep in mind that you don’t have to start working on your credit score right now. Your education is the most important thing.

More Credit Articles for Students

  • How to Get Your First Credit Card
  • Don’t Let a Roommate Ruin Your Credit
  • How to Choose a Student Credit Card
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