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Build Your Credit

As our previous blog post stated, even if you are not 18 yet, it is never too early to start building your credit. Having a good credit score is critical in today’s society even as a student. Credit is the final determinant of whether you are approved for a loan,  what interest rates you are approved for, and your ability to rent an apartment if you move off campus. One of the easiest ways to start building your credit history is to get a credit card. If you are under 18 then  you will need a parent to help you in… Read more here!

Categories: College Planning
Tags: building credit credit credit cards credit score good credit

When and How to Build Your Credit

You may be thinking: “I’m not 18, so I can’t even start building my credit” or “I’ll just worry about my credit when I’m ready to take out a loan for a car or a house.” There are many misconceptions with how credit scores work, and I advise everyone to get their credit started and straightened out while they are still young.  What is a credit score and who checks it? A credit score is a numerical value given to an individual, which represents their likelihood of paying back debts. Lenders do credit checks to decide whether or not to… Read more here!

Categories: College Planning
Tags: credit planning ahead saving money student loans

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