Credit history * Credit matters*.

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Presentation transcript:

Credit history * Credit matters*

Credit history Make ALL payments on time Develop a credit history Don’t max out credit card Mix up types of loans that you take out

CREDIT SCORE Opening too many accounts Closing old, unused credit card accounts Shopping for a loan for too long Applying for lots of credit loans & cards Not making payments on time

BAD CREDIT What causes “bad” credit? Not paying bills on time Closing all credit cards Running up high balances Missing errors on credit report (not checking) Applying for loans or credit often

COLLEGE LIFE/CREDIT Build credit by applying for a prepaid credit card. Have a parent co-sign the card with you. Pay bills/cards on time.

CREDIT

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