Wednesday, October 21, 2009

5 Tips for College Students to Boost Credit Scores


By Leah Gorham

It is important to being keeping an eye on your credit score in college because once you graduate and are on your own, you will need to have a good credit score in order to open new bank accounts, get a new apartment, condo, or house, or buying a new car. Here are 5 tips from CollegeCandy.com to build a good credit score:

1 .Get a Credit Card
You can't build credit without having a credit card. Get a credit card and charge a couple small things on it each month, making sure to pay off the bill in full. Paying your bill in its entirety will show you are responsible and handle money well.

2. Put Your Name on the Bills
Although your parents may be paying many of your bills during college, you won’t have very strong credit references when it’s time to get out on your own if nothing is in your name. Start small by putting bills such as the cell phone bill in your name.

3. Pay What You Can and Pay on Time
Pay more than the minimum payment on credit card bills. Paying only the minimum payment will result in large finance charges and higher balances, causing your credit score to suffer.

4. Keep Old Accounts Open
Do not constantly open credit cards and then close them or build up large amounts of debt and transfer your funds to a new card, and close the first account. This type of activity will show that you are a sporadic and unorganized spender. Instead, find one or two really good credit card deals that you can use for years and stick with them.

5. Keep an Eye on Your Credit Score
Regularly check and monitor your credit score so that if it starts to slip you’ll be aware and can re-anaylze your spending and try to get those numbers back into good standing. You’ll also be able to monitor your activity and prevent fraud, identity theft, or unwarranted charges. Use a service such as FreeCreditReport.com or speak to a financial expert to find out your current situation.

For more information on these 5 tips click here.

9 comments:

  1. It's very straightforward to find out any matter on net as compared to books, as I found this piece of writing at this web site.

    My weblog; Visit here

    ReplyDelete
  2. Hey! I could have sworn I've been to this site before but after checking through some of the post I realized it's new to me.
    Nonetheless, I'm definitely delighted I found it and I'll be bookmarking and
    checking back often!

    My web blog - visit url

    ReplyDelete
  3. Quality content is the important to be a focus for the users to pay
    a visit the web site, that's what this web page is providing.

    My web site ... tax and consulting

    ReplyDelete
  4. Its such as you learn my mind! You seem to grasp a lot about this, such as you wrote the ebook in it or something.
    I think that you could do with some % to drive the message house a little bit, but other than that, this is magnificent blog. A fantastic read. I will certainly be back.

    my web site: engine rebuilds KwaZulu Natal

    ReplyDelete
  5. We're a group of volunteers and starting a new scheme in our community. Your web site provided us with valuable info to work on. You've done a formidable job
    and our entire community will be thankful to you.


    Here is my web-site: ppe Johannesburg

    ReplyDelete
  6. You really make it seem so easy along with your presentation however I find this matter to be actually something
    which I feel I would never understand. It seems too complicated and
    extremely broad for me. I'm looking forward on your subsequent submit, I will attempt to get the hold of it!

    my webpage; LCN Architecture

    ReplyDelete
  7. Please let me know if you're looking for a article author for your site. You have some really great articles and I believe I would be a good asset. If you ever want to take some of the load off, I'd love to write some content for your blog in exchange for a link back to mine.

    Please shoot me an email if interested. Kudos!

    Also visit my web-site ... Visit here

    ReplyDelete
  8. obviously like your web-site but you need to check the spelling on quite a few of
    your posts. Many of them are rife with spelling problems and I
    in finding it very troublesome to tell the
    truth nevertheless I will certainly come back again.

    my blog post; Click here

    ReplyDelete
  9. Thank you for another excellent post. Where else could
    anybody get that type of info in such an ideal manner of writing?
    I have a presentation next week, and I'm at the search for such info.

    Here is my page click this site

    ReplyDelete