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"Back to school" Can Bring Great Opportunities for You on Your Credit Journey

Whether you're a student or a parent of a student, start the new school year right and on the right path for credit stacking.


In this blog, I'll share tips to help you manage your new "back to school" routines and what to look out for to help with inflated prices.


Being a Student


If you haven't experienced it yet, going to college is a great time to get started with your credit card.


Most universities will even allow credit card companies to approach students on campus to get them to sign up for a card.


My advice, don't sign up until you're ready to completely commit, and when you do…be sure to spend responsibly.


I always talk about forming a "relationship with the right bank" to set yourself up for success. What I mean by that is if you want to get a high spending limit on your business credit cards, you first need to have a good relationship with the bank on your personal account.


These relationships take time. Thankfully, Credit Stacking has relationship managers to help you speed up the process.


Jack McColl’s Credit Trial and Error


When I got started on my credit journey, I didn't take my credit seriously. Like any typical college student, I didn't understand how it worked. They didn't teach us anything about it when I was in high school.


As a result, my credit score suffered dramatically, causing huge problems for me. It completely destroyed my chance of any type of funding from the bank to approve me for a business credit card.


Fast forward to today, I went from having zero dollars in business credit to being approved for $500,000 in a little more than a year.


Once I learned the process, I put a name on it and created a course to help future entrepreneurs learn what they don't teach you in high school.



Credit Tips for Parents Who Are Business Owners


Once you get established with your business credit, and get high spending limits on your cards, it's time to crush it with your business.


That's not always manageable for someone with children and other responsibilities at home.


If you're starting your business on your own, that can be stressful. Sometimes, it’s a full-time job, just managing your budget, and making sure you're not spending more than you earn.


But having access to business credit can allow you to automate/keep your business running, while still having time to spend with your kids and family.


One of the best rewards you’ll realize, through Credit Stacking, is having financial freedom. Being able to count on your high spending limits, without stressing over your business capital, gives you a far more rewarding experience in your business and personal life.


Live life. Don't do things the hard way. Fund your next big idea. Repair your bad credit. And always make it to your kid's soccer practice, while taking the Credit Stacking course!

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