The first step towards good credit are important

Building a good credit record and are not protected may not be in the class schedule for students, but these aspects should absolutely be part of their educational plan.
Good credit history may be crucial not only for buying a house or a car in the future, but also for renting an apartment, choosing a cell phone plan or obtaining low rates for a loan or insurance.
Credit Card
The possession and use of a credit card, provided you do not abuse the privilege, is an excellent method for students to build an impeccable credit record. Ironic ment, to receive a high credit rating, they must first make sure not to spend money they do not and pay the balance of their credit cards before the deadline.
"Pay your bills on time is the first thing to do," says David Malamed, juricomp table at Grant Thornton. Because of irregular payments can quickly plummet a credit score and a credit card continuously full can lead to similar consequences, students must be responsible.
Receive a gift t-shirt or a cup of coffee in exchange for a demand for additional credit card may look like a win-win, but students should be wary of annual fees or interest rates extremely high, which sometimes turn around 29% or more. They should read the fine print before signing anything and think seriously about the number of credit cards they need. After all, who wants to carry a credit card spending beyond its financial capacity? Furthermore, if flight portfolio, the risk of fraud and problems are proportional to the number of credit cards.

Avoid Fraud
Once they began to build their credit, students must protect it. Mr. Malamed said that fraud is among the most common causes of bad credit and that vigilance is generally the best means of protection. "Students must religiously check their card statements and bank credit and review, advises there. This is the first step to eliminate the risk of fraud. "
Students must identify some anomalies, as a suspect for disbursement of items they have purchased or double billing, and call the issuer of their card as soon as possible if something seems anormal.Les students should Never respond to telephone solicitude tions for credit cards, because anyone could be at the other end. The personal information supplied could lead to identity theft. In the worst case scenario, a hacker could use their information to call a company that issues credit cards to impersonate them, apply for new credit cards in their names and destroy their credit rating by accumulating debt, d According to Mr. Malamed.
"This situation could cause serious problems, a huge waste of time and a lot of stress," says he.
Mr. Malamed recommends that students check their credit ratings every six months or every year from a credit bureau deemed to ensure that creditors are saying to them meets their lending activities and identify potential errors or fraud. Of the reporting agencies are Equifax credit popular and TransUnion.