Skip to player
Skip to main content
Skip to footer
Search
Connect
Watch fullscreen
2
Bookmark
Share
Add to Playlist
Report
Attention Recent College Grads! Build Up Your Credit History With These Tips and Tricks
Pennygem
Follow
10/27/2023
As a new grad, you might be leaving college with a diploma, but there may be something lacking in your financial portfolio, and that’s credit. PennyGem’s Justin Kircher has some ways to build it up.
Category
📚
Learning
Transcript
Display full video transcript
00:00
(upbeat music)
00:02
As a new grad, you might be leaving college with a diploma,
00:06
but there may be something lacking
00:08
in your financial portfolio, and that's credit.
00:11
We're not talking about that Economics 101 course
00:13
you had to take to meet your credit requirement,
00:15
but your actual credit in the real world.
00:18
If you've just graduated,
00:19
you might not have much to your name,
00:21
but there are some steps you can take to change that.
00:23
CNBC Select points out that even if you don't have
00:26
a credit card, you'll likely have something on your report,
00:28
especially if you're paying student loans
00:30
or even have a cell phone payment plan.
00:32
The outlet says to keep paying those on time,
00:34
because that's a big factor
00:36
that can affect your credit score.
00:37
Nerd Wallet says you could also become an authorized user
00:40
on someone else's credit card, typically a family member's.
00:44
This step can be taken even before you graduate,
00:46
with CNBC Select saying to make sure the person keeps up
00:49
with their payments and that there's no annual fee
00:52
for adding an authorized user.
00:53
The site says if you'd rather have your own plastic,
00:56
check out some of the major credit card suppliers,
00:58
as they may have secured cards,
01:00
which require a security deposit
01:02
and typically don't need much credit history
01:04
for you to qualify.
01:05
(upbeat music)
Recommended
40:20
|
Up next
Ashleigh Shanti Is Rewriting the Story of Appalachian Food
Southern Living
7/22/2025
0:45
This 3-ingredient tomato pie in this video is almost too easy to believe! Juicy tomatoes, flaky crust, and creamy cheese come together to create the ultimate summer dish—no fuss, just flavor. Perfect for brunch, lunch, or light dinner.
Southern Living
7/21/2025
0:39
How to Make Classic Cherries Jubilee
Southern Living
7/21/2025
1:12
These Might Be The Two Most Important Types of Insurance That You Could Possible Have
Pennygem
7/1/2025
1:03
Should You Get That Joint Credit Card With Your Spouse?
Pennygem
6/26/2025
1:00
Pay Attention to These Mistakes You Might Be Making on Video Calls
Pennygem
6/25/2025
1:15
Stop Car Crime in Its Tracks With These Helpful Tips That Do Not Cost a lot of Money
Pennygem
6/23/2025
0:57
The Smart Way to Handle That Bonus Paycheck.mp4
Pennygem
6/20/2025
1:00
The Most Common Video Call Mistakes—And How to Avoid Them.mp4
Pennygem
6/17/2025
0:48
The Best Strategy for Retirees to Combat Loneliness.mp4
Pennygem
6/16/2025
1:00
Saving for a Down Payment Is Hard — But It’s Crucial
Pennygem
6/9/2025
1:12
These Are the Alternatives to Owning a Home That Everyone Should Consider
Pennygem
6/6/2025
1:22
Be Careful Financially If You Want to Install a Pool This Summer
Pennygem
6/5/2025
1:12
Should You Retire Or Actually Start Working Again?
Pennygem
6/4/2025
1:09
Why Did These Things That Used to Be Free Cost Us A Lot of Money Now
Pennygem
6/3/2025
1:09
If You’ve Been Laid Off, Use That Time to Learn New Skills
Pennygem
6/2/2025
1:04
If You’re The Friend With Less Money, Here’s How to Have Those Conversations
Pennygem
6/2/2025
1:15
Know If Your Home Office Is Tax Deductible
Pennygem
5/30/2025
1:23
Why You Should Start Saving Money at an Even Earlier Age
Pennygem
5/30/2025
0:57
The Wealthiest People Have Certain Ways They Save Money
Pennygem
5/28/2025
1:08
These Expenses Are Traps That Cost People Thousands of Dollars Each Year
Pennygem
5/28/2025
1:03
Can Video Games Actually Teach Your Kids About Finances?
Pennygem
5/24/2025
1:08
This is Wild! Check Out the Pay Disparity Between CEOs and Their Employees!
Pennygem
5/24/2025
1:03
Live in a Two Income Household? Here’s How to Grow Your Savings
Pennygem
5/18/2025
1:12
Picking a Financial Advisor Can Be Tough! These Are The Questions You Should Be Asking
Pennygem
5/18/2025
