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College students should take up prudent financial behaviors to maintain credit scores
By Oscar Monfort on May 29th, 2010
Many college graduates may be seeking jobs having just completed one important portion of their lives, but how they handle debts may affect their prospects.
According to the Insurance Information Institute, young people may not be aware of the fact that their credit score can play a role in whether they secure a job. Employers may check a credit score for a number of reasons, including determining if an applicant has enough debt to make them a risky hire.
"Learning how to manage student loans, credit cards and other debt is essential for new college graduates," said III consumer spokeswoman Jeanne Salvatore.
To make sure they keep their credit score in good shape, the III recommends young people keep track of their bills and pay them on time. They should also keep their credit card debt balances low because the amount they owe has a role in the calculation.
When dealing with student loan and credit card bills, one option graduates may consider is debt consolidation. Not only might it offer lower interest rates, but it can also organize bills into one statement that is easier to track.
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