Think You Know Why Your Credit Score Dipped? Try Again

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 21 June 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

It can be hard to understand exactly what kinds of things help or hurt your credit score. One reason why: Paying off a car loan or missing a credit-card payment might not affect your score the same way it affects other people’s. WSJ personal finance reporter Imani Moise joins host J.R. Whalen to clear up some of the uncertainty behind credit scores through a new interactive WSJ quiz. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.
0:06.0	Do more and spend less like Uber 8 by 8 and Databrics Mosaic.
0:11.0	Take a free test drive of OCI at oracle.com
0:14.4	slash Wall Street.
0:17.0	Here's your money briefing for Friday June 21st. I'm J.R. Whelan for the Wall Street Journal.
0:27.0	Pop quiz, if you missed one of your monthly payments,
0:30.0	how much would it knock down your credit score?
0:32.0	The answer is, it's complicated.
0:35.0	There's a lot of myths out there about your credit score.
0:38.0	People tend to assume that the credit score algorithm thinks like them.
0:41.0	The way that you prioritize your bills may not be the same
0:44.4	way that the algorithm prioritizes the payments and the impact that has on your
0:48.3	score. W.S.J. Personal Finance reporter Amani Moise was part of a team that created a quiz
0:54.0	to help you better understand your numbers.
0:56.0	We'll talk to her about it after the break. AI may be the most important new computer technology ever, but AI needs a lot of processing
1:14.8	speed and that gets expensive fast.
1:17.2	Upgrade to the next generation of the cloud, Oracle Cloud Infrastructure or OCI.
1:22.2	OCI is the single platform for your infrastructure, database, application development, and AI needs.
1:28.0	Do more and spend less like Uber, 8 by 8 and Databroix mosaic.
1:33.0	Take a free test drive of OCI at oracle.com slash Wall Street.
1:37.3	Oracle dot com slash Wall Street. The W.S.J. Personal Finance team has a new interactive quiz that will show you how financial moves can affect your credit score.
1:54.8	Reporter Amani Moise joins me.
	...

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