| The seeds of a good career are sown in | | | | Getting a loan |
| student life but few students really know | | | | |
| that the foundations of a good credit history | | | | Nothing drives away the lenders more than a |
| also take shape during this vital period. If | | | | person with no credit history or a bad credit |
| a student doesn't care about developing a | | | | history. Lenders can't get any idea about |
| good credit history during his student life, | | | | what is your repayment capacity and repayment |
| he or she will face difficulties when he gets | | | | record, so they won't lend you money. Even if |
| out of the college. Here are few things which | | | | someone agrees the interest rates and |
| will bother a student without any credit | | | | repayment terms will be stricter and there |
| history or having a bad credit history as he | | | | will surely be a demand for collateral. |
| steps out into the real word. | | | | |
| | | | Getting a credit card |
| Finding an apartment | | | | |
| | | | With no credit history or bad credit history |
| The landlords will check the credit history | | | | getting a credit card becomes increasingly |
| before renting out an apartment and if he | | | | difficult. If the concern is bad credit then |
| finds that there is no credit history or a | | | | the interest rates will be very high and |
| bad credit history, things will become | | | | repayment terms tough. If the credit card |
| difficult. Chances are good that he will | | | | companies do not find any credit history, |
| refuse the deal or charge huge amount of | | | | they will ask to start building it before |
| money as security or advance before renting | | | | issuing a 'real credit card'. |
| out the apartment. | | | | |
| | | | Getting a job |
| Getting the utilities | | | | |
| | | | The first challenge students face in real |
| Electricity, gas, water supply companies all | | | | world is to get a decent job. Almost all |
| check the credit history before providing the | | | | employers check the credit history of |
| services. The idea is to gain confidence | | | | students before offering them any employment. |
| about your financial position. If they do not | | | | Chances are good that if you don't have any |
| find anything to bank upon from your credit | | | | credit history at all or have a poor credit |
| history, they will ask for advance deposits | | | | history-- you won't get a dream job! |
| before providing their services. | | | | |
| | | | So, the fact remains that building a good |
| Getting the car insurance | | | | credit history during the student life really |
| | | | matters. It starts with getting a good |
| The same things apply to car insurance | | | | student credit card, using it wisely, not |
| companies, they will charge high premium | | | | over indulging and repaying the credit card |
| rates before giving any insurance to a person | | | | balances on time. This is all that takes to |
| without any credit history or less than | | | | build a good credit history. It will ensure, |
| perfect history . | | | | that your career and dreams aren't hampered |
| | | | due to lack of credit history. |