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5. Using credit wisely while in school


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Using credit wisely while in school. “How can I best use credit?”

Within our current environment, it is necessary to establish credit in your name. Your credit history can be used by prospective employers, insurance companies, landlords and others to make judgments about you.

For example, an insurance company may set your insurance rate based on whether you have a strong or weak credit rating. How you use credit while in college can set the stage for your financial success, or lack of it, in the future.

The following subtasks may assist you in establishing credit. You will find detailed resources for these subtasks under the links in the right column of this page.

Subtask 1: Learn basic information about credit and credit reports

Subtask 2: Establish a good credit reputation

Subtask 3: Borrow for college wisely


Heading Off To College Tasks

1. Managing your own money
2. Finding a place to live
3. Setting up your own banking account
4. Getting your first job
5. Using credit wisely while in school

Using credit wisely while in school Subtasks

1. Learn basic information about credit and credit reports
2. Establish a good credit reputation
3. Borrow for college wisely

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