Update: Part 1 | Part 2 | Part 3

Part 2 of the how to increase your credit score series deep dives into how your credit is scored. If you can learn this then you can increase your credit score as high as you want. Credit scores always seem to be a mystery and if you thought all you could do was make payments on time and hope for the best today you will be enlightened!

In this 44 minute episode we discuss:

  • Exactly how your credit is scored
  • 2 BIGGEST factors that we all should pay attention to
  • The 3 C’s
  • 2 ways to improve utilization percentages
  • FICO VS Vantagescore
  • The ONLY way to get the most accurate credit score
  • Mrs. Misfit gets interviewed on High Frequency Woman and it’s GOOD!
  • How and where to find your credit score and more for free!

“If I had six hours to chop down a tree, I’d spend the first four sharpening the axe.” – Abraham Lincoln

Show Notes:

Is there anything you use to believe about credit scores that you no longer do?  Please share in the comments below!

  • Great podcast! We are currently cleaning our credit up and we hired a company to help us. I didn’t know about the percentages used to determine the score so that was great to hear. I also didn’t know about the 30% on your credit card. Quick question though. What if you use it and then pay it off before the due date. Will it still show as using more than 30%? Can’t wait for the webinar. Great job! I enjoy listening and learning.

    • Hey! Hey! I’m glad you’re enjoying it! But No paying it off in full has no direct correlation. It’s whatever the balance is on the “closing date” that determines what is reported to the credit bureaus. You can determine the date by looking at the bill/statement most of the time or call and ask. To keep it simple though we just stopped spending anywhere near the 30%… 20% is the new thought just to add the extra cushion… and remember it’s 30% of ALL available credit for all credit card/revolving accounts not just a single card… That make sense?

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