Graduates looking to avoid getting
bad credit ratings might want to focus on meeting their existing card repayments, one writer has suggested.
Commenting in an article for the Herald Scotland, Helen Pridham highlighted the problems that may potentially arise if university leavers do fall behind on their repayments.
She stated: "It is crucial not to miss
credit card repayments as this can affect credit ratings in the future."
Meanwhile, the commentator went on to point out that signing up for a longer period of debt repayments might not prove as beneficial to consumers as it initially appears.
In the same article, Ms Pridham cited figures from a 2009 Push.co.uk study concerning student debt north of the border.
Scottish graduates may face as much as £9,844 of debt, the survey is said to have revealed.
When it comes to the finances of younger generations, Personal Finance Education Group chief executive Wendy van den Hende recently noted that good money management will be required by young people in the future.
Posted by Tom Burroughs.
