How to Rebuild Your Credit Score & Why It Matters

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 1 July 2022

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Does your credit need a bit of an overhaul? You’ve probably heard the term Cash is King, but I think it’s really Credit is King. Those three digits that make up your credit score hold a lot of power in your wealth-building journey. The truth is, It can be really difficult to build credit from scratch or improve a bad credit score. Jim McGinley, CEO of SeedFi, is here to show you how to create the credit score of your dreams and overcome any challenges in your way. In this special vault episode you'll learn, why it's difficult to build credit from scratch, how to avoid costly mistakes, and how finance companies keep you in a cycle of debt. Links SeedFi SeedFi Facebook SeedFi Instagram Jim's LinkedIn Episode Sponsors Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney. Thanks to Open Door Capital for sponsoring the show. Go to https://odcfund.com/ to learn more. Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Thanks to Ladder for sponsoring the show. Go to http://www.Ladderlife.com/mymoney to see if you’re instantly approved for Life Insurance to provide for your family if the unthinkable happens. FOLLOW & SHARE Leave us an honest rating and review. Head to the podcast player you’re listening to this episode in to leave us a review. Reviews help us continue to grow and bring on more amazing guests. Thank you in advance! Love this episode? Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/everyonestalkinmoney/ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rated T for Teen.
0:01.7	Each year, thousands of adults lose their shred.
0:05.1	It's an epidemic simply known as shred loss, but it doesn't have to be this way.
0:09.2	Because rekindling your shred is as easy as playing the new Tony Hawk's Pro Skater 3 and 4.
0:13.7	With new parks, cross-platform multiplayer, and sick new game modes,
0:18.9	we can put an end to shred loss everywhere.
0:21.6	Hit the new Tony Hawk's Pro Skater 3 and 4 and show the world that the shred's not dead.
0:25.6	Pre-order Tony Hawk's Pro Skater 3 and 4 and play the Foundry demo.
0:29.6	You've probably heard the term cash is king, but I think it's really credit is king. Those three
0:45.7	digits to make up your credit score hold a lot of power in your wealth building journey.
0:50.4	But the truth is, it can be really difficult to build credit score from scratch or improve a bad score.
0:57.0	Jim McGinley, CEO of SeedFi, is here to show you how to create the credit score of your dreams and overcome any challenges that might be in your way.
1:07.6	Welcome to everyone's Talkin Money podcast. I'm your host, Shauna Game. There's no judgment,
1:14.5	no dumb questions, just smart conversations about you and your money. So come on in and grab a seat.
1:21.3	Everyone is welcome here.
1:35.9	I'm probably dating myself here, but when I was in college, you got a credit card and a free t-shirt, and I'm still trying to figure out how that was actually a good deal. Do you remember your first piece
1:41.7	of credit? Like, how did it make you feel? Probably the same way I did.
1:46.3	Empowered until I realized that I had to pay back everything that I charged with interest, which wasn't so
1:52.8	fun. And credit score has always been somewhat confusing. So my friend, if you're feeling a little
1:59.1	unsure about what your score means or how to
2:02.7	improve it, this episode is for you. As I mentioned, Jim is the co-founder and CEO of C-Fi, a financial
2:10.2	health startup helping Americans build credit, save money, access funds, and plan for the future.
	...

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