Comments on: Four Things College Kids Need To Know About Credit http://blog.equifax.com/credit/four-things-college-kids-need-to-know-about-credit/ Tue, 18 Jun 2013 14:43:17 +0000 hourly 1 http://wordpress.org/?v=3.5 By: Editor, Equifax Personal Finance Blog http://blog.equifax.com/credit/four-things-college-kids-need-to-know-about-credit/#comment-71 Editor, Equifax Personal Finance Blog Thu, 21 Oct 2010 16:13:24 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/four-things-college-kids-need-to-know-about-credit/#comment-71 @Nathan – thanks so much for reading and commenting. So often, people do neglect to think about how new accounts will affect their credit. Also, carrying around more credit cards than you need can contribute to identity theft. It's always a good idea to evaluate what you really need.

@Derek – That's a great question and we have a new post coming up in the next few weeks on how to evaluate your open accounts and decide what to close. Check back soon for more info!

]]> By: Derek http://blog.equifax.com/credit/four-things-college-kids-need-to-know-about-credit/#comment-70 Derek Mon, 21 Jun 2010 10:14:08 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/four-things-college-kids-need-to-know-about-credit/#comment-70 When you mention not having too much plastic – I'm looking to clean up my credit report a bit. I have some cards that have 0 balance, but, they do have long and positive credit history. I'm planning to get a new home in about 2-3 years (have current mortgage in good standing), and want my overall credit to be as good as possible. Am I better off closing out these cards that I'll never use for the history, or leave them open? I'm thinking when I go to apply, if they say it will help at the time I can always close them in a pinch but it's not possible to re-open and get my history back. Any advice on what to do with open accounts I'm not using?

]]> By: Nathan http://blog.equifax.com/credit/four-things-college-kids-need-to-know-about-credit/#comment-69 Nathan Tue, 08 Jun 2010 22:27:55 +0000 http://ec2-50-19-98-117.compute-1.amazonaws.com/credit/four-things-college-kids-need-to-know-about-credit/#comment-69 "You don't need that Express card or a Macy's store card."
That always seems to be the biggest problem for my friends. I've actually seen people sign up for credit cards because they get a free t-shirt or something. So scary!
People don't realize that sure you get 20% that ONE purchase for signing up with a store's credit card, but they usually have huge interest which can be damaging to your credit.

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