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U.S. Bank asks: What do you know about credit?

(SPEECH)
[MUSIC PLAYING]

(DESCRIPTION)
Students with book bags walking around a college campus between large, red brick buildings.

A woman with a microphone. Text, US Bank asks, what do you know about credit?

(SPEECH)
Hey, everyone Allyson Berger here, and we're on a college campus right now giving out free golf cart rides in exchange for answering just a few questions. So let's go find someone to talk to. Hey, how are you doing?

I'm good.

Would you like a free ride in a golf cart?

Sure.

So I want to talk to you about credit.

Sure.

Do you know what a good credit score is?

I don't even have a credit card.

College is a time for exploration. Your ability to get credit may not even be on your radar right now.

(DESCRIPTION)
Allyson and a man ride in the golf cart. Scenes of campus are shown.

(SPEECH)

How important is it to have a good credit score?

It's necessary for loans. And I might want to take out a loan to start off a business.

So do you know how to establish a good credit score, though?

It depends on how you use your credit card.

I would assume paying my bills on time.

Do you know what a good credit score is?

I believe, 800 is the top credit you can get.

(DESCRIPTION)
Curved bar. 300 in red, 850 in blue.

(SPEECH)
A credit score is a number between 300 and 850. You're entitled to a credit report every 12 months from each of the three major consumer reporting companies, like Equifax, Experian, and TransUnion, for free.

How come you don't have a credit card?

I'm afraid that I might mess up and have some serious financial consequences. I prefer debit cards because with debit cards you already have your own money in it.

Is a credit card something you're interested in getting soon?

Ah, eventually I plan on getting one.

It's important to check your credit report to make sure the information is accurate. Your credit score should be taken seriously. With a little effort, it doesn't have to be a burden.

Thanks so much for hanging out with me.

You're welcome. It was nice hanging out with you.

I'm glad to learn new things every day, especially from random occurrences such as this.

[LAUGHTER]

(DESCRIPTION)
Allyson and students ride in the golf cart around campus. Allison laughing and smiling broadly.

(SPEECH)
Your credit score will be with you, well, for the rest of your life. The smart decisions you make today will pay off in years to come. I'm Allyson and thanks for watching.

[MUSIC PLAYING]

(DESCRIPTION)
Allyson stands in the grass at a park. U.S. Bank logo. Equal Housing Disclaimer 

U.S. Bank asks: What do you know about credit? 

Real students are interviewed about their knowledge of credit while learning quick tips on what credit is and how it works.

Tags: Overdraft, Budgeting, Credit, Credit score, Debt
Published: March 31, 2020

This installment of our student series is all about credit. Credit history? Credit checks? Credit scores? It can be confusing. Learn what you should consider keeping in mind when thinking about credit.

Learn more about what qualifies as a good credit score and the importance of maintaining good credit. Or continue with our student series, U.S. Bank asks: Do you know what overdraft is?