Insider Hacks for a Credit Score Glow-Up

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 12 July 2021

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If you’re flunking your credit report, you’ll pay a higher interest rate on your credit card… when you’re buying a home, it will screw with your mortgage rate (and closing costs), and it can be the deciding factor in whether you can get a mortgage at all; and if you need to take out a loan for something important, banks will look at your credit score to approve you… or…. Not. Long story short: you need to ace your credit report. Here are five new tips from Nicole on boosting your credit score. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.1	Wall Street has been completely upended by an unlikely player. Game stop.
0:09.8	Dean and should I have a 401k because I don't do it?
0:12.6	No, I know.
0:15.4	I don't think the whole world will revolve around you on your money.
0:17.6	What a dumb son.
0:19.8	Charge for wasting our time.
0:23.8	I will take a shot.
0:24.8	I don't want to be a terrible kid.
0:26.8	You recognize her from anchoring on CNN, CNBC and Bloomberg.
0:31.2	The only financial expert you don't need a dictionary to understand.
0:35.4	The cold lap in one of our all time most popular episodes on money rehab is episode 23.
0:42.0	Don't get screwed by bad credit and here on money rehab we give the people what they want.
0:47.0	So my gift to you is some more tips specifically shiny new insider tricks.
0:52.0	For those of you who are taking the blinders off and ready to look at your credit score for the first time and for those of you who have done the credit score homework assignments that I gave you in episode 23 and can still use a boost.
1:07.0	I mean, can't we all mean I have definitely had my own credit score hygiene and in fact there was a time I needed to take out a big loan and my credit score was kind of in the pooper
1:17.0	and then I didn't know while I was trying to apply for the loan then I had to get it up to snuff and actually reapply but in hindsight that was a much better way to go.
1:27.0	So if you listen to my first episode on credit scores, I'm assuming you didn't necessarily memorize the numbers I threw at you so that you could do the same if let's say you were applying for a loan.
1:36.8	But if you did hell yeah, you join the nerd ranks alongside.
1:41.0	If not, no worries, boo, I got you. Here's a refresher. Your credit score is graded on a scale between 300 and 850 with 300 being the worst and 850 being the best.
1:53.0	Assuming a average in school is kind of analogous to a 750 credit score. In general, those was scores of roughly 750 and above 10 to qualify for whatever access to credit they want.
2:04.0	If you don't have that, you're not doomed. You just have to know more about how the class is graded so you can do better in it.
	...

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