Credit cards for stundents and young adults
5 views | +0 today
Follow
Credit cards for stundents and young adults
How to apply the first credit card. How to build your credit
Curated by Yifan
Your new post is loading...
Your new post is loading...
Scooped by Yifan
Scoop.it!

How To Get Your First Credit Card

How To Get Your First Credit Card | Credit cards for stundents and young adults | Scoop.it
Getting a credit card for the first time is a big step. Here's how to get your first credit card.
Yifan's insight:

It's not easy for me to get my first credit card. I will first open a checking account, and see if i can get one from the bank of my checking account. I will try to apply one in department stores like Sears and  Cabela. It may be limited but I can start build my credit.If none of those ways works, I will probably let my parents be my co-signers.

In conclusion it's hard to get first credit card, so once we get one, we should use it carefully and start building a good credit.

more...
No comment yet.
Scooped by Yifan
Scoop.it!

Credit-Card Debt Can Sink Your Credit Score - Businessweek

Credit-Card Debt Can Sink Your Credit Score - Businessweek | Credit cards for stundents and young adults | Scoop.it
LowCards.com
Credit-Card Debt Can Sink Your Credit Score
Businessweek
Your obligations to credit-card companies carry more weight on your credit report than bigger debts, such as home and student loans.
Yifan's insight:

Students should avoid spending more than incomes once get theri first credit card.I will try to pay every bill on time so that I won't be in debt.  A good credit socre is beneficial to my future investing if I want to start a business or buy my own houses.

more...
No comment yet.
Scooped by Yifan
Scoop.it!

Does My Credit Score Matter for a Student Loan? - Current Rates, News and Information about Student Loans

Does My Credit Score Matter for a Student Loan? - Current Rates, News and Information about Student Loans | Credit cards for stundents and young adults | Scoop.it
Your credit scores definitely matters when you are looking for a bad credit student loan, but fortunately there are ways around it - here's what you need to know.
Yifan's insight:

Bank or private lender will check your credit history .This is to help determine your overall credit  worthiness to reduce a lender’s risk in allowing you to borrow money. So it's importan to keep a good credit if I want to use student loan to help finish my college."The better your credit score and history, the better the chance that you will  repay a loan."

more...
No comment yet.