CampusRd - college credit report, credit score, credit cards and student loans 312.854.7605 / Join Our Network /

Credit Rating Blog

Get the latest news and opinion pieces through our financial industry blog.
Our writers develop articles on financial matters that affect the everyday lives of all our users.
Credit rating and free credit ratings
Home > Credit Rating > Blog > The importance of credit and how to properly manage yours. Credit rating and free credit ratings

The importance of credit and how to properly manage yours.

Friday Apr 09, 2010

What did you learn in high school? When you get to college, this is a question that many freshmen ask themselves. College is a completely new world to them, one of freedom yet more responsibility, of growth and most importantly of learning. Yet, many incoming college freshmen, indeed many upperclassmen as well, don’t know much about credit, the importance of credit or how to properly handle it.

Certainly we’ve all heard the horror stories some college students have experienced as a result of predatory practices involving a credit card or bank offering. We all know Joe who signed up for a credit card on campus because Bank A was offering free pizza or a cool new bag to anyone that signed up. The next thing you hear is that Joe is in a large amount of debt from things he bought with his credit card not realizing what he was doing. But, it doesn’t have to be this way.

Credit literacy, as I like to call it, is a necessity in today’s world. What I mean by credit literacy is to understand and recognize predatory offers and practices, don’t over spend using your credit card, learn to read your credit report and know what your credit rating means for you later in life. That is Media literacy.

That is why it is important to research everything out there involving your credit before you purchase or commit to anything that will put you in debt. If you know how one thing affects the other and how to access everything to put your credit in perspective you’ll be in good shape. Going away to college is the perfect time to see what is available, to compare one thing to another and to determine what best suits an individual student.

< Previous Next >


Be the first to add a comment by filling out the form below

Add your comments...


 Required, will not be published

  Comments are moderated and generally will be posted if they are on-topic and not abusive

Verification `s Enter #`s here


Featured Credit Rating

Equifax ID Patrol™

Equifax ID Patrol™



Credit Rating Blog

Using accounting principals to predict credit ratings
Tuesday Oct 08, 2013

Fixing the mistakes on your credit report
Thursday Jun 10, 2010

View all >

Credit Rating Tweets


CampusRd, Credit Rating, Credit Cards, Loans, Credit Score
Call Today (312) 854-7605 
© 2022, a business unit of Uloop, Inc  
Email Address    
Password  (forgot password?)      
Tell a friend about this offer    
A link to this page will be sent to the
"Destination Email Address" below, in accordance
with our privacy policy and terms of use policies
Your Email Address    
Destination Email Address    
Verification #'s Enter #'s here
Forgot your password?    
Email Address