After the last exams are completed and final papers are handed in, college seniors breathe a sigh of relief, thinking their futures will no longer be dictated by grades and numbers. But they’re wrong. Walking the stage at graduation and into the “real world” leads to the time when you start being evaluated on a far more critical number than your cumulative GPA — your credit score.
From the moment you establish your first line of credit, America’s three major credit bureaus — Equifax, Experian and TransUnion — are tracking you. For many college students, this starts the moment they take on a student loan. Others may start with a credit card. Regardless, it’s important for students to start building their credit history well before graduation — and it’s important to take it seriously, even early on.
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