National Debt Relief Shares How College Students Can Build Credit History

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National Debt Relief recently shared in an article published April 9, 2016 how some college students can start building their own credit scores. The article titled “5 Rules To Help College Students Build A Credit History” looks at how young adults and first time credit card holders can build their financial score and reputation early on.

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be aware of the best type of card they can use depending on their need

National Debt Relief recently shared in an article published April 9, 2016 how some college students can start building their own credit scores. The article titled “5 Rules To Help College Students Build A Credit History” looks at how young adults and first time credit card holders can build their financial score and reputation early on.

The article starts off by pointing out that most college students getting a credit card for the first time might not have a clue how to use it let alone keep it in good condition. Most adults earning their own money knows all too well how important credit management is and how it has a direct effect on their credit scores. But college students might not prioritise this and view their credit cards differently.

In order to help build credit score, the article explains that college students would need to use their credit cards first. This would require asking their parent’s permission to get one and even get their help in filling out various application forms. The first step is deciding to use a card in building their score.

The article also explains that they need to be aware of the best type of card they can use depending on their need. If there is a store that they frequent for all their school related expenses, it might be a good idea to get a merchant card to earn points. If they live off-campus and drive everyday, a gas card could be a great idea.

When they get their card, the article shares that it is critical to develop the right payment behavioUr. The easiest, but sometimes most overlooked aspect of credit card payments is to cover the total amount and not just the minimum payment amount. This prevents having to pay more than the value of the items they have bought and be able to keep away from various fees and charges by lenders that increase the payment amount.

To read the full article, click https://www.nationaldebtrelief.com/5-rules-to-help-college-students-build-a-credit-history/

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Paul Ritz
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