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The Meaningful Money Personal Finance Podcast

Helpful Basics: Credit Files and Credit Scores explained

The Meaningful Money Personal Finance Podcast

Pete Matthew

Business, Investing, Education

4.81.6K Ratings

🗓️ 16 October 2024

⏱️ 36 minutes

🧾️ Download transcript

Summary

We have a slightly different episode because today I am speaking with the good people from a company called CheckMyFile all about credit files and credit scores - why they are important and how we can optimise them to our benefit.

CheckMyFile: https://meaningfulmoney.tv/checkmyfile

Shownotes: https://meaningfulmoney.tv/HB5

01:33 - Pete chats with Beth.

04:15 - What is a credit record / credit report / credit score

06:50 - Purpose of a credit record.

08:52 - What makes a good / bad credit file

12:00 - Credit card to increase your score before buying a house - is that true?

13:26 - Important to be on Electoral Role.

14:28 - Bad debts, using debt responsibly.

18:15 - What can be done to improve your credit score?

21:24 - Credit is attached to person, not address. Financially linked people.

23:40 - Check your credit file.

26:35 - Is there a business equivalent?

27:43 - What is CheckMyFile and why should people use it.

32:00 - Pete and Roger chat and a podcast review.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi folks and welcome to the Meaningful Money Podcast this is season 29 episode 5.

0:07.0

Yes welcome back folks. I hope you're all fine and dandy just like my fine and dandy co-host here

0:19.4

Mr Roger Weeks. You're all right, Roger. Yeah, I'm certainly dandy, thanks.

0:23.0

Even if I don't actually dressed as one.

0:25.0

I was say, yeah, that's right.

0:27.0

I forgot, it's a thing, isn't it?

0:28.0

Yeah, so I'm not quite swanling around the office dressed like Lawrence Llewellyn or Adamant.

0:32.0

Ah, yes. But I certainly feel Dandy, thank you very much.

0:35.2

So what's happened to Kagan Pete?

0:36.7

Well, a slightly different approach today,

0:38.2

because today I'm kind of flying somewhat solo

0:41.0

and sort of speaking with somebody other than you,

0:44.0

Roger. Lady called Beth Reeves from a company called Check My File who are,

0:50.0

well they call themselves a credit health company which is actually a great way of putting it.

0:54.7

We're talking about credit files, credit scores, why it's important and how we can optimize them to our benefit.

1:00.1

And as I think I said at the end of the last podcast, it's fair to say that this subject is neither of our specialist subject.

1:05.0

So it made sense to bring in someone who knows about what they're talking about really.

1:09.0

And after Pete's conversation with Beth, stay tuned because we'll read a review that's been left by a listener and talk

1:13.8

about what we're going to cover the next time.

1:15.6

We will.

1:16.6

Remember, notes and links from today's show are at the show notes, which is the only link you need to remember.

1:20.7

That's Meaningful Money.

...

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