Working on Your Degree? Work on Your Credit, Too

Published on Mar 12, 2014 10:23 am

You learn a lot in college – far more than just what’s taught in your degree courses. Life lessons are as important as professional ones. Here’s one that’s critically important: how to manage credit usage.

While you’re working on your degree, it’s important to work on your credit, too. You don’t have to leave college with a pile of debt. Here are some credit-friendly ideas to help you avoid debt:

  • If you need the convenience and security of not having to carry lots of cash, consider a secured credit card instead. With this type of card, you (or your parents) deposit funds into an account and draw against it. You can avoid finance charges and the risk of overspending and running up a big credit card debt.
  • Carefully create a financial plan that doesn’t exceed your income. Be sure you account for paying off debt, as well as stashing away cash in your savings. That way, you don’t have to rely on your credit to get you through an emergency.
  • Consider using auto-pay to ensure your bills are paid on time. You come from a tech-savvy generation – use that to your advantage. Online tools can help you better manage your money, and a reliable payment history is one of the best things you can do for your credit.

With some caution and planning it’s possible to graduate from college with a healthy credit history to complement that shiny, new degree!

This article is provided for general guidance and information. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.

Published by permission from, Inc., an Experian company.   © 2014, Inc.  All rights reserved.

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