a study conducted by Sallie Mae, more than 50 percent of college students
accumulate more than $5,000 in credit card debt while in school. Additionally,
Capital One reported that only 10 percent of high schools in America
teach financial management and 75 percent of graduating seniors do not
understand basic investment principles.
1. Credit scoring
is a system creditors use to help determine whether to give you credit,
and how much to charge you for it.
2. Generally, all your credit history information, good or bad, remains
on your report for seven years. If you file for personal bankruptcy,
that fact remains on your credit report for 10 years.
3. Contact your
creditors immediately if you are having trouble making ends meet, try
to work out a modified payment plan that reduces your payments to a
more manageable level.
4. Know who can
and is checking your credit report.
5. Protect yourself.
Get an annual free credit report here: annualcreditreport.com
For more information
here to go to a NY Times article.
These tips have
been provided for ControlYourCredit.gov
If you're going to school, you probably know just how much it costs. To assist you in paying the bills, how about getting student loans? There are many various types of alternative student loans available. To get more info about private student loans, get onto the web today!