TBT: How to Build a Powerful Credit Profile

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Business:investing, Education, Entrepreneurship, How To, Investing, Business

4.8 • 953 Ratings

🗓️ 25 April 2025

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

“If you don't take good care of your credit, then your credit won't take good care of you.” Your credit score and profile play a bigger role in your life than you might realize. Beyond just loans and interest rates, your credit can influence your insurance premiums, rental applications, and even your ability to secure business lines of credit for real estate or other ventures. In this episode, we're breaking down the difference between your credit score and your credit profile, and why understanding both is crucial for your personal and financial future. Whether you're building, repairing, or optimizing your credit, this episode will give you the clarity you need to make smarter moves in both your personal and business life. Throwback Thursday Episode (The episode originally took place in the year 2019) This episode is part of our Throwback Series and may include references to older content such as webclasses, events, promotions, or links that are no longer active or available. While the conversation and insights still hold value, please note that some information may be outdated. Click Here for the Show Notes If you missed our last episode, be sure to listen to The Real Estate Investor’s Wake-up Call: Why Waiting is Costing You Millions Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term. And now, here's your host, Marco Santorelli.
0:13.0	Hello, my friends. Welcome back to passive real estate investing, where we dive into the world of real estate investing, among other related topics, to help you with your real estate investing journey.
0:23.4	Today, we're doing something a little different.
0:26.1	We're going to take a trip down memory lane and showcase an important episode from the past on what we call our throwback Thursday episode.
0:34.5	Now, whether you've been with us since the beginning, which goes back to 2015,
0:38.8	or you're tuning in for the first time, this episode is a must listen. We are revisiting one of
0:45.2	our more popular episodes from the past. And believe me, what we discussed back then,
0:50.4	whether it's six months ago or six years ago, is just as relevant today. So sit back,
0:56.4	relax, and let's rewind the clock for this great episode. Enjoy. There was a quote that once said,
1:02.4	if you don't take good care of your credit, then your credit won't take good care of you. So why is
1:07.8	your credit score and profile so important? Your credit profile determines whether you get loans and the rates you pay and the types of loans that you can get.
1:16.1	Your credit determines a lot more than the loans you can get and the interest rates you pay.
1:20.5	Insurers use credit to set premiums for your auto and homeowners coverage.
1:25.1	Landlords use them to decide who gets to rent their properties.
1:28.4	Credit also determines whether you can get business lines of credit that can be literally in the
1:33.4	millions of dollars and can be used for some of your real estate investing strategies.
1:38.4	Since credit has become such an important part of our lives, it literally pays to keep track
1:43.6	of your credit profile and understand
1:45.5	how your actions affect it. So today we're going to learn about the differences between your
1:50.0	credit score and credit profile, and there is a difference and the importance of it all in every
1:54.9	part of your personal and business life. And with that, let's get to our interview. It's my pleasure to welcome Merrill Chandler to the show.
2:03.8	Merrill is the CEO and chief strategist at Credit Sense.
	...

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