
You should start building credit early if you are still a student in college. Early credit building will give you the opportunity to achieve your financial goals, including being able to obtain financial products at lower interest rates. Here are some tips for getting started: Make your payments on time; limit how many accounts you have; avoid spending close to the maximum limit of each account.
Making timely payments
Paying your bills on time is a great way to build a strong payment history, which can be carried over into the future. Paying your credit card on time is important as late payments can affect your credit score. It doesn't matter if you have a smaller monthly payment.

Building credit while you are in college isn't an immediate process and will take time. However, opportunities do exist, even if they come with limitations. When you're still in school, you can start building your credit score by making timely payments as well as understanding your FICO (r) scores.
Avoid high interest rates
It is crucial that student loans do not have high interest rates. Federal loans have fixed rates set by Congress, and unlike traditional loans which have variable interest rates, they are fixed. They are now higher than they were for 2016, but they are lower than they were for 2014. High interest rates shouldn't be avoided. Even if the loan isn't paid immediately, the interest rates could add up to thousands over the life of your loan.
A direct payment to your college is another way to avoid high interest rate. Most colleges now offer low-cost, interest-free payment plans. It is often better to pay monthly rather than all at once. Family and friends may be able also to help you with financial aid. Another option is crowdfunding. Although it is still relatively new in student loan debt, it is rapidly growing in popularity.
Avoid spending at the upper limit
It is important to balance your spending and your income to build credit while you are a student. You don't want to accumulate a large amount of debt on your card. This will only lead to higher interest rates and a decrease in your credit score. Credit limit will affect how credit score.

Credit cards are crucial for college students. You must use them carefully and make sure you pay them off each month. College is the first opportunity for young people to make financial decisions on their own. An easy way to fall behind is to have a large balance that has not been paid. Set limits for your credit cards and plan ahead how you will pay the bill each month.