5 PRACTICAL TIPS TO HELP STUDENTS GET LOANS WITH BETTER CREDIT CARDS EASILY
Published By Gurpreet Singh | 15 Apr, 2025
A good credit score simplifies student loan acquisition. Using the right credit card aids in building credit, enhancing loan approval chances. Here are some practical tips.
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Here are some practical tips to help students get loans with better credit cards easily:
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Begin with a secure credit card
Secured credit cards help students build credit history by utilizing fixed deposits and regular payments.
Credit : PINTEREST
Focus on making timely payments
Payment history significantly affects credit scores. Timely payments are crucial for maintaining a good score.
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Purposefully keep your credit utilisation low
Credit utilisation indicates how much available credit you use; keeping it under 30% helps maintain a healthy credit score.
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Make the most of education loans
Education loans help education, build credit profiles, and boost scores through timely repayment practices.
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Check, follow up and rectify credit reports
Students should check annual free credit reports for errors and report inaccuracies to maintain creditworthiness.