In the past years, building credit history was easier for students with the help of student credit cards. Under the New Credit Card Law, students can only get approved for their student credit cards if they have a co-signer or if they can show proof of independent income. The amendment of the new law was meant to cut down the number of bankruptcy and bad credit cases among young people.
By co-signing a student credit card account, a parent or an adult can help a youngster choose the right card and give advice on proper management. If you are a student, here are ways on how you can build up your personal credit history without falling in the trap of bad credit.
Choose wisely. Do not sign up for a college credit card for the wrong reasons. Choose a credit card because it has reasonable interest rate and fees, no hidden charges, and fair terms. You may need to take some time comparing different offers from credit card issuers. If you are not familiar with credit cards, ask your parent or someone with good credit history to help you out.
Read full Article: Credit Building Tips for College Students
By co-signing a student credit card account, a parent or an adult can help a youngster choose the right card and give advice on proper management. If you are a student, here are ways on how you can build up your personal credit history without falling in the trap of bad credit.
Choose wisely. Do not sign up for a college credit card for the wrong reasons. Choose a credit card because it has reasonable interest rate and fees, no hidden charges, and fair terms. You may need to take some time comparing different offers from credit card issuers. If you are not familiar with credit cards, ask your parent or someone with good credit history to help you out.
Read full Article: Credit Building Tips for College Students
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