How to Money
Busting Some Credit Score Myths (Bestie Ep) #766
Dec 25, 2023
The hosts of the podcast debunk popular credit score myths and explain how to maintain a healthy credit score. They also discuss the importance of having a good credit score and how it impacts various aspects of life. In addition, they talk about DIY pest control, raising your credit score without assistance, and the impact of closing a credit card on your credit score. The podcast also includes beer tasting and a discussion about a favorite brewery.
49:25
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Quick takeaways
- Maintaining a good credit score is crucial for borrowing money, renting a home, and accessing various services.
- Avoid credit repair scams and focus on managing credit responsibly to improve your credit score.
Deep dives
Your Credit Score Matters More Than You Think
Your credit score has a significant impact on various aspects of your life, including your ability to borrow money, rent a home, and even get certain jobs. Lenders may charge you higher interest rates or refuse to lend to you if your credit score is low. Landlords often run credit checks and a bad score could affect your ability to secure a rental. Additionally, a poor credit score can impact your access to home internet, cable, and even auto insurance. It's important to prioritize maintaining a good credit score to enjoy financial benefits and opportunities.
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