When it comes to finances, there are two important areas where a young person can actually do something that has impact on his or her future. The first is to create a budget (yes, you may groan, but it’s true — and be advised that is not the topic of this post). The second is getting smart about your credit score.
As busy dental students, our credit score is the last thing we want to think about, but it is never too early to start building your credit. Building my credit score and maximizing credit card spending rewards are two of my hobbies. In my downtime, I like to check my credit scores and online bank statements, as well as read financial articles. Earlier this year, the method in calculating credit scores was changed. The new scoring system is being implemented by a company called VantageScore, which was created by Equifax, Experian and TransUnion. These changes could affect your credit score overall, whether you have good or bad credit. But how is your score calculated in the first place? Here are some factors that impact your credit score.
