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Start Building Credit While You Are Young

Breaking-Down-Your-Credit-Score-mortgage-infographic

At The Mandrell Company, we are firm believers in educating our clients so they make wise financial decisions. These decisions go beyond purchasing a home but truly building a foundation on how to grow wealth. We found this infographic (source: MGIC Connects) and wanted to share this statistic that over 74% of college students do not know their credit score. Again, this is something that is not taught in school but we should all review our credit report at least Bi-Annually. Credit Karma is a free service, and although it does not provide your FICO score, it can be a great tool to monitor your credit so you have an idea of where you stand. 

Credit impacts your purchasing power and unknown to many, it can also affect your hiring status for a new job. You may be wondering why… well… some careers that require you to work with money or others’ finances want to ensure you are also financially responsible. Their goal is to limit their liability so it makes sense to hire a candidate with a strong history of being financially responsible.

Are you a Greater Boston college student interested in building credit and truly paving the way for when you enter the real world? The world of “adulting” with rental applications, car loan application and mortgages, can be stressful but we would love to point you in the right direction to increase your chance of success.

Please contact me to schedule FREE seminars on your campus. 

I look forward to speaking with you!

Denisha

Denisha@MandrellCo.com  |   617-982-3337