09.26.23 Professor Clark: Credit Scores 101 / Smart Borrowing For Small Business

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 26 September 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

September 26 Professor Clark: Credit Scores 101 / Smart Borrowing For Small Business Clark provides a 101 refresher on credit scores. Even if you don’t need to borrow, there are valid reasons to pay attention to your score. Hear about the variety of score models and how to keep your overall score healthy. Also, changes in the banking sector have made it hard for small businesses & entrepreneurs to obtain working capital. Clark shares the best approaches, from local banks and credit unions, to credit cards - plus a warning about fintech instant loans. Credit Score Reset: Segment 1 Ask Clark: Segment 2 Small Business Cash Flow Needs: Segment 3 Ask Clark: Segment 4 Mentioned on the show Why You Don't Need an 800 Credit Score / How To Monitor Your Credit Credit Karma Review: Free Credit Score and More at Your Fingertips Credit Score Guide / 4 Ways To Get Your Free Credit Score Credit Score Tips: Expert Helps Take Your Score From Good to Great Is Apple Card Worth It? 5 Things To Know in 2023 Small-business owners say it’s hard to get a loan and fear more challenges ahead The Basics of Forming a Limited Liability Company (LLC) Best Secured Credit Cards for 2023: Top Picks for Building or Repairing Credit Petal Card Review: A Good Option for First Credit Card? Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.4	Discounts available to Eon Next customers in 30th of December 2023, T's and C's eligibility
0:27.2	criteria and geographical restrictions apply.
0:30.0	It's my pleasure to welcome you to the Clark Howard Show.
0:38.2	Our mission is to serve you and empower you to make better financial decisions in your
0:44.4	life.
0:45.4	I'm putting on my Professor Clark Hat today and doing a 101 refresher about credit scores
0:54.2	because, man, are we getting a lot of questions, both here for the podcast and at our team
1:02.2	Clark Consumer Action Center, where people call for free one-on-one advice and guidance.
1:09.0	And you know, you may think you don't need to worry about your credit score because
1:14.6	you don't need to borrow any money, but let me tell you, there are really important
1:19.4	reasons, even people who are not borrowing money need to pay attention to their scores
1:25.4	and understand how they work.
1:28.4	And later, small business owners are in a structural marketplace squeeze play right now when
1:37.1	you try to borrow money.
1:39.1	And I want to tell you what's going on behind the scenes and what you need to be wary and
1:44.9	aware of as a small business owner with cash flow needs.
	...

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