Life Kit Tricks to boost your credit score
6 snips
Mar 20, 2023 
Tiffany Aliche, known as the Budgetnista, is a financial expert dedicated to helping individuals master their finances. In this discussion, she demystifies credit scores, comparing them to a GPA for managing debt. Tiffany shares essential strategies to boost scores, emphasizing the importance of payment history and credit utilization. She also addresses misconceptions about credit and the impact of credit limit increases. Listeners gain practical tips and empowering insights for navigating their financial landscape and improving their credit health.
AI Snips
Chapters
Transcript
Episode notes
Avoid Credit Card Abuse
- Only take out a credit card if you know you won't overspend.
- Credit card abuse is more damaging than having a thin credit file.
Early Credit Building
- Start building credit as early as 18 by becoming an authorized user on a responsible parent's card.
- Inherit good credit habits, but be aware you can also inherit bad ones.
FICO Score Importance
- Focus on your FICO score, the one most lenders use.
- Paying off your credit card in full each month is beneficial, contrary to some advice.