2nd Year Student new to credit ratings

laurenlucy

Hi guys

Currently in my second year at uni, I am becoming blissfully but worryingly aware of this credit rating stuff...
Never had a credit card or anything of the sort, however I do have a student account where I continually use my overdraft....(whoops)
Ive heard the money man on This Morning a few times talking about getting a good credit rating, and that I will need one for the future, but have no idea where to start or what to do?
Although, I don't want to get myself in sticky situations where I owe money that wasn't necessary, and don't really want to be using a credit card as I don't really need one!

Any help?

Thanks

CLAPTON

getting student credit card and using it regularly, but always pay in full each month (preferably via a DD so you never forget) will build a very nice credit file.

Mr_Goodkat

If you have remained within your authorised student overdraft and have credits going in eg student loan, pt job then it is likely the bank would give you a student credit card if you ask/apply.

Use it for small purchases and pay in full by dd and you will start building a good credit profile.

Living in an interest free overdraft is fine as a student but check how long after you finish uni the overdraft remains interest free and at that level and make sure you reduce it / pay it off in line with those timescales