Start Building a Good Credit Rating in College

Having a good credit score is important or at least it is important for when you actually need it, which you never know how soon that may be. Being a college student, you might think that there’s not much you can do about it, but according to a recent article from the Wall Street Journal, there are several small and easy steps you can take to begin bolstering your credit rating.

They broke it down by each year of college, with freshman year being an ideal time to either get a secured credit card or to have a parent add you as an authorized user on one of their credit cards (if they have a good credit score). Once you are 18 you can request a free credit report each year from one of the big three credit-reporting companies via annualcreditreport.comBy sophomore year, many students have a car, usually with assistance from their parents, whether it is the car payments or insurance and gas. According to the WSJ the best way for a student to boost their credit via car expenses is:

“Have the student cosign the auto loan and make the payments, while the parents cover insurance and other costs. One caveat: The debt associated with that loan could hurt a child on future credit applications.”

Junior year, if possible students can begin making payments on student debt, which is not something any student wants to think about while still in the thick of college but it is a surefire way to help your credit.  Senior year, if you still do not have a credit card, now is a good time to at least get a student card before graduation and start putting together a great and responsible record of use.

To read more in depth about building your credit check out the full article on