How to improve your credit score

Nov 13, 2023

In this podcast, the hosts discuss credit scores and credit ratings, debunking common myths. They share personal experiences and the importance of education on this topic. They also explore the impact of credit ratings on financial products and job opportunities. The significance of building credit history and maintaining accurate personal information on your credit report is highlighted. Personal experiences with CCJs and the risks of investing are also discussed.

Ask episode

Chapters

Transcript

Episode notes

Introduction

00:00 • 2min

Personal Experiences with Credit Scores

01:58 • 17min

Trying out a Relaxation Device and Discussing Taxes

18:45 • 2min

The Truth About Being Blacklisted and the Impact of Credit Ratings

20:31 • 3min

The Impact of Criminal and Financial Records on Job Positions

23:51 • 8min

The Importance of Building Credit History

31:53 • 6min

The Significance of Updating Address History on Your Credit Report

38:17 • 2min

Personal Experiences, Investing Risks, and a Podcast Recommendation

40:07 • 2min

Credit scores... there's a lot of misunderstanding about them. So in this episode, which is a beginner's guide to credit scores, we explain the fundamentals, how to improve them and debunk some common myths.

🤝 Get help from a financial adviser to navigate big decisions

⁠⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠⁠

🎉Sponsors

Odoo - 45 business apps in one: ⁠⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠⁠

Vanta - Get your company secure and compliant: ⁠⁠⁠https://vanta.com/makingmoney⁠⁠⁠

Tide - Get up to 4.22% AER (variable) on your business savings. Use this link ⁠⁠⁠https://www.tide.co/offers/makingmoney⁠⁠⁠ or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply.

The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit ⁠⁠⁠https://tide.co/savings⁠⁠⁠ for full terms and conditions.

📈 Investment platforms we use:

Trading 212

Watch this video where Damo explains how to get the most from it:⁠⁠ https://youtu.be/BVVZhrM0LVQ⁠⁠

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

Use the code ‘MM’ or this link:⁠⁠ https://www.trading212.com/join/MM⁠⁠

InvestEngine

Get up to a £50 bonus when you invest at least £100.

⁠⁠https://investengine.pxf.io/daOD2Q⁠⁠

Vanguard

Minimum investment of £500 or £100/month.

⁠⁠https://www.vanguardinvestor.co.uk/

If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.