7 Life Events That Can Affect Your Credit Score

MoneyTips

We all go through major life changes, both positive and negative. All have the potential to affect your credit, in either a positive or negative way. The outcome depends on how you handle these life events and the corresponding changes.

Consider the following examples.

1. Going to College – College is more than four years of fun – it's an investment in your future. Is your degree likely to result in a job that pays enough to cover your student loans?

You can build credit by making all student loan payments on time or ruin your credit through missed payments and excessive spending. If you need help, income-based repayment plans and other assistance programs are available.

2. Changing Your Marital Status – Your credit scores won't blend after marriage, but activity on joint accounts will affect both credit sco...

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