LITTLE ROCK, Ark. (KTHV) - Building good credit is a must. It will help you qualify for loans, auto insurance, rental applications, cell phone plans and can even affect whether you get a job.
Using a credit card wisely is a common tool to build a good credit history, but falling into a credit card trap can ruin your credit for a long time.
THV's Ashley Blackstone sat down with Linda Tucker with Consumer Credit Counseling on 'Today's THV This Morning' to talk about what students need to consider when applying for a credit card. Click on the THVideo!
1. Read the fine print
2. Don't count your student loan as income
3. Don't co-sign for a friend
4. Pay attention to the APR
5. Only apply for credit you need
6. Pay in full every month