Being a student isn’t an excuse to live a happy-go-lucky life. Yes it’s true, you are still entitled to do so but you have your responsibilities. You are about to entire adulthood and that is not very far away. Soon you’ll be in college, you’ll graduate and you’re going to start looking for a job. What does that have to do with my credit score? Well, for one thing, your score will affect your future. It will affect the way you handle things and maybe your future house, car, job or if you have a student loan, it will affect you now. Your score will be the summary of the history of your credit. It’s okay if it’s full of shopping for unnecessary items but learn about the do’s and don’ts for your credit’s health.
-Do check up on your credit regularly- You won’t be able to keep track of it if you don’t know what’s happening in your account. Get the information on your credit every three or four months. This is not that difficult. Your parents might do this for you but why not learn how to do it and ready yourself in the future? Make yourself financially responsible.
-Don’t miss out on payments- Your credit score should be kept pristine all the time, if possible. It will reflect you even if you didn’t mean to miss out on last month’s payment. Even if you argue about it, you won’t get through it. A well-maintained score will help you get loans in the future easily; it will help you with your job application as well. Again, it’ll show how you work and how you do things and if companies’ see a good reflection then you’ll be getting pretty good points from them.
-Do use your credit- The best advice ever! You have to use it in order to keep your credit score up. If you are opting for a good score in the future then you have to keep using your credit to earn points. Just remember to use it wisely and to always stay 20-30% below its limit. This is a healthy step for a better credit score in the future. By the time you are looking for a house or a car, your healthy score will get you low interest rates and the best market deals there is.
-Don’t forget to remove errors- You have to clean you credit if you want it to be perfect. You actually just have to keep an eye on it, errors rarely happen but they still do so it’s best to steer clear from them early. Errors can hurt your score and your report and it’s not way to start a healthy future.
Keeping a healthy score is like helping yourself. A good credit score can save you money and time. Start on early and you’ll surely have a better future ahead of you.