Credit History: The Perks of Being A Student
Looking a few years back, having a credit card was considered a luxury. Only the powerful and rich people are the ones who apply for these services. It is thought that because they have overflowing money that it can no longer be contained inside their pockets. But with the life we are living now, the possession of a credit card is just as normal has carrying your ordinary wallet with just enough money to spend as you do the grocery or shop for your necessities. It has been adjusted so that everyone who wishes to have one can be able to do so.
However, as much as you are eager to get hold of that card, there are qualifications and conditions that must be met. Among the many other requirements one needs to accomplish is the existence of a reliable credit history. For credit card companies, the credit history serves as a background check for your overall personality. This will show them whether or not you are deserving to be approved of one. If you try to observe, people who own credit card are mostly adults. But all is fair now in the eyes or credit card companies. Even students are given the opportunity to build for their own a good credit history.
Building a credit history is a step by step process. You may have to start from the bottom and someday have it all good being at the top. That is the advantage of a student credit card. Being minors and still non incoming generating, the credit card company would require approval from a guardian or a parent. That is the purpose of a student identification card. With all these and more, you are bound for a happy life with your credit card. On the other hand, student credit card has a lower spending limit and yet has a higher interest rate as compared to the average credit card. This is just reasonable because this type of card is easily given. The good part is once you start early on then you can expect for a good credit history in the near future.
With great power comes great responsibility. Using credit cards have that infamous reputation of burying someone in debt. Be sure to meet your dues on time and control your credit car before it controls you.
Categories: Credit Score Articles Tags: Credit History, Student
The College Kid’s Guide To Student Credit Cards: Get Valuable Credit Card Tips On How To Use Credit Card For Students So You Can Build Good Credit And Develop Your Money Skills Early On In Life
The College Kid’s Guide To Student Credit Cards: Get Valuable Credit Card Tips On How To Use Credit Card For Students So You Can Build Good Credit And Develop Your Money Skills Early On In Life
College is where many of us get to enjoy our first taste of freedom and living pretty much in the manner that we desire. It is also the time where we get our first taste of the power of credit cards. Being new to financial freedom and its responsibilities, college kids are easily vulnerable to the enticements of credit card advertisements and decide to apply and begin using college credit cards for all the wrong reasons. Unwise spending and incorrect payment methods of course lead to accumulated interest charges that can end up being very costly. Misuse of student credit cards can seriously damage credit rating. Later on in life, you may be turned down for employment or be denied a loan to buy a new car or home. More seriously, your debts can add up that by the time you finish college you’re way in too deep in debt without any means of paying it off. A college credit card can be beneficial, but only if the college student remembers to use it correctly at all times. Student credit cards work the same way as any other credit card; they are loans that need to be paid back so responsible use is key to success. This credit card book is a guide to the young college student as well as to parents who are thinking about getting student credit cards. There are valuable tips and info on how to choose the right student credit card and how to use it as a financial tool to build good credit history which is necessary for adult life and to handle money properly which is essential for budgeting and living a debt free life.
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Personal Finance 101 – A Beginner’s Guide: What Every High School and University Student Needs to Know About Debt, Credit, and Money!
Personal Finance 101 – A Beginner’s Guide: What Every High School and University Student Needs to Know About Debt, Credit, and Money!
Everything that you need to know about basic personal finances, from how to open a checking account to getting credit cards to how to use credit wisely and to your advantage to how to avoid getting into trouble with debt and credit to how to get a loan or grant for university to basic investing ideas, and more is in this book! Filled with a wealth of knowledge to help you gain good personal financial habits and retire wealthy, Personal Finance 101 – A Beginner’s Guide is ideal for teens and twenty-somethings just starting out in the financial world. Parents will want to read this book with their young adults to give them the head start in financial life that they never received. Complete with numerous links to on-line resources, you’ll want to refer to this book over and over again!
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