During your time at university, ensuring your credit rating is up to scratch isn’t usually one of life’s challenges you’ll be most focused on. And, to be honest, no one would blame you.
However, when that final year is complete, your credit rating is one such factor you might want to pay a bit more attention to as you prepare for post-uni life.
While getting a job will likely be top of your list at this point, it’s also important to start thinking about opening doors to your future finances. Whether you’re looking to buy a car or get onto the property ladder, a solid credit score will always help you along the way.
For quite a few people coming out of a university course, the best proof of paying their bills they’ll have is a phone contract and, while that’s useful, there are more effective ways to ensure your credit score shines.
It may take a bit of time to build up, but it will most certainly be worth it in the long run. The infographic below, courtesy of Stoneacre, highlights some of the most important factors to help you get a healthy credit score, such as getting on the electoral roll and acquiring a credit card (and paying it off, of course).
In the meantime, it’s always useful to get yourself signed up to a credit report website. This will help you determine your starting point and how far you have to go before it’s deemed robust. Your report will also keep track of your activity, such as any credit searches that have taken place or credit cards you’ve signed up to.