Getting a Job
Sometimes employees request credit records so that they can make assess the applicant’s level of responsibility toward personal finances. If the applicant has a delinquent credit history, it may be a reflection of how the applicant will behave on the clock at the job. In other words, you could have all the right qualifications of the position, but if your credit score is in the dumps, the employer may assume that you won’t perform well at the company.
You’re studying hard to become the best at your dream occupation, so why ruin your chances of landing the position just because of some bad credit behavior?
That's right, your future landlord may want to take a peek at your credit report to make sure you're good on your word. Because if late payments scatter your credit report, your landlord may not trust you to pay rent each month.
Although there are ways to receive rental property with bad credit, such as finding a co-signer with good credit or explaining the reasons for your poor credit history, why not build excellent credit while you're in college and save yourself the extra trouble?
Applying for a Loan
While these situations may seem far off in the distance while you're currently living up the college life, you should realize that your financial responsibility now can affect those decisions later. To begin on the right path, start by paying bills on time and avoiding maxing out credit cards.