credit score
It is very important for young adults in Indonesia to know about credit scores so they can manage their money well, make smart choices, and build a strong base for long-term money success.
In Indonesia, young adults. Especially those in college, are finding credit scores more and more important as they start to use the money system. First, a credit score. Called “Skor Kredit” or part of the Financial Information Service System (SLIK) that the Financial Services Authority (OJK) controls, shows how well someone handles their money.
Having a good score can make it simpler to get loans, such as Kredit TanpaAgunan (loans without needing something as security) or credit cards. Which are helpful for students who don’t have much money. Second, understanding the different parts of a credit score, like how often you pay on time, how much debt you have, and how often you ask for credit, helps students make smart choices, like making sure to pay bills on time so they don’t get a bad mark in SLIK. Third, a good credit score can ensure better loan terms, which is very important for young adults who want to pay for their education, start a small business, or buy important things like a motorcycle.
Building and keeping a good credit score means following smart money habits that work well in Indonesia. To start, paying bills regularly. Such as “angsuran” (payments) for gadgets or school loans, is very important, because late payments are reported to SLIK and can hurt your credit score. Next, handling credit card use carefully, like keeping low balances on cards from banks like BCA or Mandiri, helps keep a good balance between debt and credit. Also, young adults should avoid applying for many loans or credit cards at the same time. Because asking too often might make lenders think you are not good at managing money, by doing these things. Students can build a good credit history while avoiding common money mistakes.
The lasting benefits of understanding credit scores are big for young adults in Indonesia. To start, having a good credit score can make it easier to get financial products, like KreditPemilikan Rumah (home loans), which are important for big future steps like buying a house. Also, it can create more chances in the job market, because some Indonesian employers, especially in banking or finance, check credit history to see how responsible you are. Lastly, learning good credit habits early prevents getting into debt, such as from risky online lending platforms (pinjol), helping young adultsbe financially independent.
By: Damara Oktavian Ramadhani
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