6 Ways to Build Credit in College

What's Hot


5 Reasons to Shop for a Home in DecemberFamily

Shoppers Boycott Businesses Selling Trump-Branded ProductsBusiness

15 Things You Should Always Buy at a Dollar StoreMore

Giving Thanks: Why Foreigners Find America AmazingAround The House

New Email Phishing Scam Targets Amazon ShoppersMore

50 Best Gifts Under $25 for Everyone on Your ListFamily

Why Washing Your Turkey Can Make You IllFamily

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

The 7 Worst Things to Buy at a Dollar StoreMore

What the Richest 1 Percent Earns in Every StateFamily

10 Ways to Retire Earlier Than Friends on the Same SalaryGrow

The 10 Best Ways to Blow Your MoneyCredit & Debt

The 50 Hottest Toys of the Past 50 YearsFamily

30 Awesome Things to Do in RetirementCollege

The average college student now graduates with more than $2,000 in debt. Obviously, keeping a clean credit history and a high credit score isn't part of the regular curriculum.

The average college student now graduates with more than $2,000 in debt. Obviously, keeping a clean credit history and a high credit score isn’t part of the regular curriculum.

First, establish credit by piggybacking on parents. As an “authorized user” on a parent’s credit card, you’ll share their credit history (hopefully, it’s good).

Then, get a cell phone in your name. Paying the bill every month will give the credit reporting agencies something to talk about.

Now apply for a credit card in your own name. Use it occasionally, even if you don’t need to.

But…. pay it off every single month, on time, without fail. Don’t let yourself miss payments and don’t forget about any other bills you might have (rent, phone, utilities), because anyone who fronts you money can potentially hurt your credit rating.

And try to keep your student loans to a minimum. Only borrow for educational expenses and only when you absolutely have to. If you do borrow money, make sure you find the loan with the best rate. The last thing any college graduate needs is a bunch of debt.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 10 Strategies to Save Big Bucks on Amazon

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,757 more deals!