A credit score is a rating given to your financial background when assessed by a lender. When you’re applying to borrow money (like through a loan or credit card) the lender will most likely look at your credit score to see whether you are an eligible candidate.
Thread.
Thread.
3 Facts about building a credit score as an international student
1. Without a credit history and good credit, you might not be able to get loans, rent apartments, or make large purchases like a car or house.
1. Without a credit history and good credit, you might not be able to get loans, rent apartments, or make large purchases like a car or house.
2. One of the best ways to improve your credit score is by getting loans and paying it back on time. This can be as easy as applying for a credit card, using it, and paying the bills for it on a monthly basis.
3. A rule of thumb to follow is to only spend what you have to spend,
3. A rule of thumb to follow is to only spend what you have to spend,
but instead of charging it to your debit card use your credit card.
Want to know more about studying abroad? Visit Schooliply.com today!
Loading suggestions...