The average age of your credit history is one factor that goes into determining your credit score. At fifteen percent of your score, having a longer credit history can make a big difference. This is one reason why it makes sense to start building credit as a student; the younger you are when you get your first card, the longer your credit history will be. You may also need to start building credit as a student so you’ll have a good credit history when it comes time to make all those adult purchases, such as buying a car or a house.
While building credit as a student is a great idea, your efforts can also backfire if you don’t go about them properly. Fortunately, with a little bit of research and effort, you can start building your credit responsibly. Start with these five tips to help you out.