These moves will put you in a good position to borrow money when you need to.
Your credit score will dictate whether you’re approved to rent an apartment, purchase a car, or, in some cases, get hired at a job. But you may not put a lot of thought into your credit score until the time comes to enter the real world.
If your credit score isn’t in particularly great shape, which may be the case if you’re straight out of college, don’t despair — you’re in good company, but also, you’re now in a position to bring that number up. Here are a few moves you can make in the coming year that will allow you to do just that.
1. Get bills in your name
If you’re moving back home after college, or are planning to bunk with a number of roommates, then you may not be the one to sign up for a cable plan or register with your local utility company. Big mistake. If you don’t establish a payment history, you’ll have a hard time boosting your credit score. So find at least a few bills to put in your name, and then make a point of paying them on time and in full on a consistent basis.
2. Make your student loan payments on time
If you graduated college with a pile of student loans, you’re probably not looking forward to having to pay that money back. The good news, however, is that staying current on your loan payments is another good way to boost your credit score. And if at any point you…