All the Hacks with Chris Hutchins
Digital Wallet Security and Credit Score Myth Debunking with NerdWallet's Smart Money
May 18, 2024
Join Sean Pyles, the savvy host of NerdWallet's Smart Money podcast, and Sara Rathner, a travel and credit cards expert, as they tackle digital wallet security and credit score myths. They share essential tips for safeguarding your digital wallet, emphasizing the use of phone security features and understanding privacy policies. Discover the truth behind common credit score misconceptions, like the small balance equals good score myth, and how checking your score can actually empower your financial decisions!
25:54
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Quick takeaways
- Maintain low credit utilization for good score; Monitor digital wallet privacy settings for enhanced security.
Deep dives
Digital Wallet Security and Credit Scores
Digital wallets like Apple Pay and Google Pay offer a secure payment option through tokenization, keeping personal information safe. Clearing up credit score myths, it's unnecessary to carry a balance on credit cards to maintain a good score. Maintaining low credit utilization is critical, and checking your credit does not harm your score.
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