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Pennygem
  • 3/31/2025
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
00:00As a new grad, you might be leaving college with a diploma, but there may be something
00:08lacking in your financial portfolio, and that's credit.
00:11We're not talking about that Economics 101 course you had to take to meet your credit
00:15requirement, but your actual credit in the real world.
00:18If you've just graduated, you might not have much to your name, but there are some steps
00:22you can take to change that.
00:24CNBC Select points out that even if you don't have a credit card, you'll likely have something
00:28on your report, especially if you're paying student loans or even have a cell phone payment
00:32plan.
00:33The outlet says to keep paying those on time, because that's a big factor that can affect
00:37your credit score.
00:38NerdWallet says you could also become an authorized user on someone else's credit card, typically
00:43a family member's.
00:44This step can be taken even before you graduate, with CNBC Select saying to make sure the person
00:49keeps up with their payments and that there's no annual fee for adding an authorized user.
00:53The site says if you'd rather have your own plastic, check out some of the major credit
00:57card suppliers, as they may have secured cards, which require a security deposit and
01:02typically don't need much credit history for you to qualify.

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