what's the go with credit scores? 🤷‍♂️

There's lots of misinformation out there around credit scores - do you need it, how is it calculated, will it affect your financial future? I chat about what they are and what you need to know, touching on:

👉🏽credit cards - why they exist, how they work, how they affect your credit score and some ways people in the m3 community use them (without going into hectic debt)

👉🏿the differences in credit scores across countries

👉🏻how potential lenders assess your credit score

👉🏼how to think about banks and how and why they do what they do

👉debunking some of the myths around credit scores

Check out Credit Smart online: https://www.creditsmart.org.au/

Find me on YouTube here: https://bit.ly/glenjamesyoutube

Check out The Glen James Spending Plan - use coupon code "m3x" with the link below to get this for under $50... save $20)

For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: https://www.sortyourmoneyout.com/m3xshownotes

🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at sortyourmoneyout.com. This podcast is intended for residents of Australia.

We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast.