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The Personal Finance Podcast

7 Ways to Build Credit Fast (Increase Your Credit Score!)

The Personal Finance Podcast

Andrew Giancola

Business, Entrepreneurship, Investing

4.71.4K Ratings

🗓️ 11 November 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

Episode 27: 7 Ways to Build Credit Fast  In this episode we cover:  How to build credit fast What impacts your credit score  How to manage your credit cards  How to turn a bad credit score into a good score RESOURCES: M1 Finance Best Place to Invest  Personal Capital Free Wealth Management and Budget App  CIT BANK (Best Savings Account) ** Some links may be an affiliate link and we earn a small commission at no extra cost to you. We only recommend products we truly believe in.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

On this episode of the Personal Finance Podcast, we're going to talk about seven ways to build your credit fast. What's up everybody and welcome to the Personal Finance Podcast. I'm your host

0:27.4

Andrew founder of Dollar After Dollar.com, and today on the podcast, we're going to be talking about seven ways to build your credit fast.

0:37.0

And this is such an important subject because if you're in the market to say buy a home or buy a car or make a big purchase in life then you

0:44.8

have to be able to ensure that your credit score is high enough to be able to make

0:49.2

those purchases and everybody comes across having to make these purchases at some point in their life.

0:54.0

And a lot of people don't look at their credit score very often and they get a credit score pulled and they may not realize that the credit score is not as high as they actually want it to be.

1:03.4

So I'm going to show you how you can raise your credit score,

1:05.9

or if you don't have any credit at all,

1:07.6

how you can actually build credit fast

1:10.1

so that you're able to have a high enough credit score

1:12.4

to take advantage of things that a high credit score allows,

1:15.0

things like being able to open high rewards credit cards,

1:18.0

buying a house, buying a car, getting better interest rates on your house.

1:23.8

And there's all kinds of other reasons to want to have a high credit score.

1:28.0

So today we're going to talk about what factors actually impact your credit score,

1:32.3

and then I'm going to show you the seven ways on how to... factors actually impact your credit score?

1:32.6

And then I'm going to show you the seven ways on how to increase your credit score

1:35.9

fast, because understanding the factors that actually impact your credit score are extremely important.

1:40.7

And we'll have a separate episode where we do a deep dive into those.

1:43.7

I'm just going to give you the quick overview of what impacts your credit score.

1:47.0

So you have an understanding as we go through these ways to be able to increase your credit

1:51.5

score for the long run.

...

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