Monday, January 10, 2011

College Students, Credit, and a Career


by @butterfliesblue
 
Due to the rising costs of tuition, books, and housing a college education seems impossible to pay for at times. Because of the competition of the job force, it is becoming a necessity. Over the next few years, a Bachelor's Degree will become the new High School Diploma causing many people to continue their education further than expected. With all of these factors often comes student loans to help pay for school, and credit cards to help pay off of those loans. Because of how loans are done now, you don't have to start paying on them until after you graduate. Seems like a simple harmless solution right? It all depends on how you manage your finances.
 
It's not a wise thing to get too many credit cards throughout your college years, however; store credit cards are a good way to build your credit. Beware of high interest rates on credit cards that'll make paying them off almost impossible. Paying your bills on time is also a good way to improve your credit. Bad credit can prevent you from getting more than your dream car or home.
 
After graduation, it is hard to find the job that you want. For the time being, many people just get what they can. Did you know that your credit can prevent you from getting a good job? It doesn't matter how clean your criminal background is or how many achievements you have. If your credit is bad, say good bye to that job. Jobs that often check your credit are in the criminal justice, security, or finance industries. You don't want to mess up a good opportunity at a career for irresponsibility so practice good money habits while in college.

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