Tips On Consumer Credit
Learn how college students can manage credit
1. Know what you are signing up for
2. Understand the Minimum Payment Scam
3. Avoid opening too many cards
Stores like Kohl's offer great charge card opportunities. By opening the store accounts, many savings options open up. But, the bill will come every month so remember to pay it off every time.
You can be a thrifty shopper and open accounts to receive a discount. Just do not forget to close the account after it is paid off; too many open accounts lower your credit score.
The products at stores like Bass Pro can be expensive, so do not charge too much. While a store card can be a good way to build up credit, do not forget you have to pay off the balance eventually.
4. Check credit card statements regularly
5. Don't use a credit card like it is cash
Tompor, Susan. "Tips for College Students on Credit Card Use." USATODAY.COM. Gannett
Company, 22 Aug. 2012. Web. 29 Sept. 2015.
Union, Consumers. "Credit Credit Card Tips for College Students." Back to School Tips for
College Students (n.d.): n. pag. Consumers Union. Web. 28 Sept. 2015.