We know that you have enough to think about as you head back for a new semester--but building your credit could be easier than you think in college.
And it has long-term benefits that will be well worth your effort.
Do You Need Credit Before You Graduate?
Of course you need class credits--but do you need a credit history and a good score?
While you may not be planning for a house, expensive car purchase, or other big milestone right now, your future self will thank you if you start thinking about your credit score now. Building a good score now means that Future You could get picked first when you're applying for a nicer apartment, or get a lower interest rate if you want to consolidate your loans after college.
Students Can Qualify for an Affordable Car Loan
If you live and work on or near campus, you can probably make do without a set of wheels which you're in college. But, if you want to pick up a side job that's not so close to home, or you're moving off-campus this year and need reliable, personal transportation, having your own car is likely a good idea. With affordable car loans for students available through our Guaranteed Financing program, you can get a car, and start making on-time payments that won't bust your budget.
Check out a few of our favorite cars and SUVs for students, or contact us to learn how you can qualify.
Other Ways to Build Credit in School
But, buying a vehicle isn't the right choice for everyone; especially if you know you'll struggle to make payments. Fortunately, there are a lot of ways to build up a positive credit history without getting in the way of classes, extracurriculars, and your social life.
Future You says thanks!
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