Throwing out the word ‘credit’ in any conversation can get you some disgruntled opinions or looks. Everyone may want to tell you their opinion about credit and how to apply for it or properly manage it. But, you’re in school now and learning on your own, feeling confident about it all. That’s great. But, there is something that is out of your control and that’s who is looking at your credit score and all of your credit information. So, let’s have a quick break down of this to give you even more peace of mind over your credit.
Let’s define what a credit score is. Essentially, it’s a number reflecting how well you pay attention to paying your bills on time. The better you are at that, the better your credit score. Now, to figure out who is looking at your credit score, think about everything you apply for. If you apply for a bank account or a student loan or mortgage, student credit card, banks and credit unions will take a look at your credit score. If you apply for a cell phone or even a land line account, the phone companies will take a look at your credit score. If you enjoy having cable
, Internet, or electricity in your apartment or home, the cable and Internet companies will take a look as well.
Employers will also take a look at your credit score (but not in all cases) when you apply for a job: SHOCKER. Colleges and universities will also take a gander at your credit score as well. A lot of schools divvy out loans to students as well and want to get a better idea of who they are admitting.
You see, your credit score can be accessed by many different organizations, but all for the same purpose: to get to know you better and how well you pay your bills. So, keep on paying your bills on time, and your credit score should stay just fine.