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How to build credit student

Tips for Building Credit Scores for Students

Students can do several things to start building credit and obtain a credit score. First look at taking out a secured credit card (Visa or Mastercard).

There are new laws that require any person under the age of 21 will need a co-signor to get a credit card. Co-signors are often parents, grand-parents or a close relative. They should know that if you default or don’t pay your credit card they will be liable for the credit card debt.

Watch this video that explains different strategies that students can use to establish credit including taking out a secured credit card and building a credit score from scratch.