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10 Things About Credit Scores

10 Things About Credit Scores

| March 20, 2024

Your credit score is one of the main things that is considered when you’re applying for a loan, mortgage, or credit card—and even sometimes your internet. In this episode, I’ll be sharing ten important things you need to know about credit scores so you can make sure to stay on top of it.

Listen in to hear what a credit score actually is and why you want yours to be high. You'll learn tips for keeping a strong score, as well as common misconceptions and mistakes to avoid.


Listen To The Episode Here:

What You’ll Learn:

  • What a credit score is and the difference from a credit report.

  • What isn’t factored into your score.

  • What credit score providers exist (and which is the most well-known).

  • How repayment plays into your credit score.

  • Why it matters how much credit you use.

  • A common myth about your credit score.

  • What might prevent you from getting better interest rates.

Ideas Worth Sharing:

  • “Generally, the higher your [credit] score is, the less risky a lender will consider you.” - Regina McCann Hess
  • “Repayment is one of the biggest components of your credit score and it actually makes up 35% of your credit score.” - Regina McCann Hess
  • “Using too much of your available credit can make lenders nervous.” - Regina McCann Hess

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