The most common mistake made by college students that could leave them homeless.

Millennials are the most educated generation however, there is one little thing that is overlooked by almost every college student. This invisible detail could cost them a job, a car or even a house. It has nothing to do with classes, major or even your GPA. Honestly, none of those will matter if this small detail is ignored.


Millennials do not give a sh*t about credit and their credit score. The concept of credit creates fear for most due to a lack of formal education on the subject, it is a system set up to be complicated, they see no use for a credit card or they haven’t had to use their credit score yet. But none of these excuses reduce the value and relevancy of credit in your life. Most people start to care about credit when they got rejected for their first apartment or get a ridiculously high-interest rate on a car or house that will cause them hundreds of thousands in interest (i.e. when it’s too late).

According to TransUnion, 43% of millennials between the ages of 18-36 have “sub-prime” credit scores. This means their credit score is bad enough to make it near impossible to get a loan for a car or house in the near future. To put that into perspective, 4 out of every 10 millennials would be SOL if they tried to get a loan or their own place in the next few months.

The length of your credit history (the time since you’ve opened up your first line of credit) accounts for 15% of your credit score. It is imperative that you open up your first credit card as soon as you possibly can to start building credit!

If you’re looking to build credit and don’t know where to start, check out our blog at! If you have any questions related to credit, shoot us a tweet or message us on Facebook (@CuruCredit).

Leave a Reply

Your email address will not be published. Required fields are marked *