If you already have some credit history, the beginning of your career is a great time to review it and take steps to better manage it. Regular tasks should include:
- Review your credit history to get an idea of what you have done right so far and what needs to be improved.
- Learn what factors influence your credit score in both positive and negative ways. For example, paying down the balance on the credit cards can improve your utilization ratio.
- Eliminate credit card debt and making responsible uses of other types of credit such as auto loans or home mortgages.
The early days of your career can be a busy time with a lot of adjustments, but it is also a ripe opportunity to plan for your financial future. Learning the benefits of monitoring your credit and seeing how it fits into your overall well-being is an important aspect to grasp early on.