{"id":432,"date":"2018-05-16T04:40:18","date_gmt":"2018-05-16T04:40:18","guid":{"rendered":"http:\/\/www.development-work.com\/mydebt\/?p=432"},"modified":"2020-10-26T04:41:28","modified_gmt":"2020-10-26T04:41:28","slug":"5-must-know-credit-facts-before-you-botched-it-up-for-millennials","status":"publish","type":"post","link":"https:\/\/www.mydebtacademy.com\/credit-counseling\/5-must-know-credit-facts-before-you-botched-it-up-for-millennials\/","title":{"rendered":"5 Must Know Credit Facts Before you Botched It Up (For Millennials)"},"content":{"rendered":"
Are you eagerly waiting to be 21 so that you can be of legal drinking age? Well, who hasn\u2019t? That\u2019s also the age when you become eligible for opening a credit card account without a co-signer. So, here are the 5 must known credit facts:<\/p>\n
Yes, we know it\u2019s a little creepy to imagine, but what can you do!<\/em><\/p>\n So have you ever forgotten about a signed lease for an apartment or a paid smartphone service? According to the industry experts, every type of unpaid financial responsibility can end up on your credit report, making its home as a negative mark for at least 7 years.<\/p>\n Even you don\u2019t have any intention of using credit cards, you are going to need a positive credit history soon for purchasing a house or applying for an auto loan, so you should know that landlords and loan providers might check your credit\u00a0report to make informed decisions about whether to go for you or not.<\/p>\n It\u2019s just like standing in front of a mirror whenever you are preparing for an interview!<\/em><\/p>\n Always keep in-check your credit report when applying for apartments, jobs, credit cards or loans. You can do this online.<\/p>\n Credit cards, student loans, unpaid bills, late payments, or debts could become the cause of a turned down application. Make sure that your personal information, public records, debts<\/a> are listed in a correct manner, and supervise your credit report and score each month.<\/p>\n Remember, if you don\u2019t have any credit file under your name, then it\u2019s always easier to build a good credit from no credit.<\/p>\n2. You should keep a regular check on your credit report<\/h3>\n