College is typically the first time a young adult becomes responsible for their personal finances. According to the Insurance Information Institute, more than half of those students will sign up for and carry two or three credit cards during that time.
The average college student graduates with about $20,000 of debt. In order to ensure that new graduates don’t spend years buried under avoidable debt, it’s important for young adults to learn to pay bills on time and build a solid credit history.
For more helpful tips, take a look at this informative video:
Did you know that ERM Insurance Brokers offers credit insurance? As your local Irvine brokerage, we’re committed to protecting all areas of your life. When you take out a loan, credit insurance can be there to step in in the event that it becomes impossible to make your payments.
To learn more about the different types of credit insurance we offer, call an ERM expert today! (949) 222-0444