Life Kit Tricks To Improve Your Credit Score
Jul 8, 2021
Tiffany Aliche, known as the Budgetnista, is a financial expert and educator dedicated to making personal finance accessible. She dives into the intricacies of credit scores, revealing their often misunderstood nature. Tiffany shares actionable strategies for improving credit, emphasizing responsible credit card use and the importance of understanding payment timelines. She highlights systemic inequalities in the credit system and provides tips for readers to manage their credit health effectively, ensuring listeners feel empowered to enhance their financial futures.
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Credit Score as GPA
- A credit score is like a GPA, reflecting your history of repayment.
- It's an average of your financial grades, especially over the past two years.
Late Credit Card
- Sarah Gonzalez got her first credit card at 26, thinking she was responsible by avoiding debt.
- She later realized having no credit history had disadvantages.
Early Credit Building
- Start building credit as early as 18 by becoming an authorized user on a parent's card.
- Inherit good credit habits, but be wary of inheriting bad ones.