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Video: A Student's Path to Establishing Good Credit

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Watch this video to learn how students can use different loan products to safely establish good credit.

Video Transcript

A Student’s Path to Establishing Good Credit:

  • Have an income.
  • Establish a banking relationship.
  • Look into no fee credit building loan products.
  • Borrow small amounts and pay amount owed in full each month.
  • Show you can make consistent, on-time payments.
  • Check your credit report at least annually.

Why Good Credit?

  • Save money – good credit often lowers your interest rate.
  • Become independent – your good credit will be considered when you rent an apartment, get a job, or buy your first car.

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