Maintaining clean credit while in college

When students go off to college, they may be thinking about making new friends, adapting to life in a dorm and buying all their materials for class. They may not, however, be thinking about managing their finances, which may lead to credit repair needs down the road.

During college, many students will rack up all types of debt, including credit card balances and student loans. This debt can be a good thing, as it will help them build a credit history and may improve their credit score. But if these types of credit are not handled responsibly, consumers may face credit report issues.

College students should make sure not to charge an amount on their credit cards that they will not be able to pay off by the statement deadline. By taking on small amounts of debt, young consumers may be able to show lenders they can manage credit responsibly, according to U.S. News and World Report.

However, even students who pay off their credit card balances in a timely manner may face the risk of potential credit damage. That's because creditors and credit bureaus may mistakenly put errant items on an individual's report, which can lower that person's credit score.

With this in mind, it's important for young consumers to check their credit reports regularly. If these individuals spot a questionable item, they may benefit from speaking with a credit lawyer before filing a dispute. A credit repair specialist may be able to work with creditors or credit bureaus to speed up the removal process.