Podcasts about credit score myths

Join us on this episode of PaisaVaisa as we sit down with Satish Mehta, founder of Athena CredXpert, to explore his journey from Chartered Accountant to entrepreneur. We delve into India's burgeoning credit card market, discussing its benefits and potential pitfalls. Satish shares his expertise on avenues available for individuals without credit scores seeking loans, the rise of Buy Now Pay Later (BNPL) services, and strategies for managing credit effectively. We also debunk common myths about credit scores and offer guidance for those aiming to improve theirs. For anyone caught in a debt trap, Satish provides actionable advice. Tune in for invaluable insights into India's evolving credit ecosystem. Get in touch with our host Anupam Gupta on social media: Twitter: ( https://twitter.com/b50 ) Instagram: ( https://www.instagram.com/b_50/ ) LinkedIn: (https://www.linkedin.com/in/anupam9gupta/                          You can listen to this show and other awesome shows on the IVM Podcasts website at https://www.ivmpodcasts.com/ You can watch the full video episodes of PaisaVaisapodcast on the YouTube channel.Do follow IVM Podcasts on social media. We are @ivmpodcasts on Facebook, Twitter, & Instagram.    See omnystudio.com/listener for privacy information.

You know you can't believe everything that you read on the web, right?! There are all sorts of myths, half truths, and straight up lies that can not only make us look foolish were we to believe them, but they can also separate us from our hard earned money and cause us financial harm. And it turns out there are a number of myths that pervade how many think about their credit scores. Some of this confusion has to do with the fact that different lenders reference different scoring models, so it's tough to know exactly what is going on underneath the hood. But in addition to that there is flat out wrong information floating around that has an impact on how we view these mysterious three digit numbers- our credit scores. Listen as we tackle some popular credit score myths head on, and explain what you actually need to do in order to maintain a healthy credit score.   Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances: Knowing your ‘money gear' is a crucial part of your personal finance journey. Start here.  Sign up for the weekly HTM newsletter. It's fun, free, & practical. Join a thriving community of fellow money in the HTM Facebook group. Find the best credit card for you with our new credit card tool! Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.   During this episode we enjoyed a Hello World! by Spyglass Brewing - a big thanks to Gary for sending this one our way! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you're not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!   Best friends out!See omnystudio.com/listener for privacy information.

For many people, a credit score is a mysterious thing. But that number can have a huge impact on our lives. In this episode that originally aired in back in April, Laura Scheck, Vice President of Credit Cards at Scotiabank talks to Natalie Nanowski from our Perspectives Newsroom team to help bust some common myths around the credit score as well as explain the basics. What number is good, what's bad, what will actually decrease your score and, of course, tips on how to improve it.    Key moments this episode:  1:24 — The “origin story” of the credit score  2:06 — What is a good credit score?  2:27 — Can you get a perfect credit score?  3:02 — How is a credit score calculated?  3:32 — Five main factors that impact credit scores  4:30 — The most common way to negatively impact your credit score  5:50 — Another common way people unknowingly decrease their score  7:04 — Can checking your own credit score negatively impact it?  8:33 — Is using your full credit card limit a bad thing for your credit score?   9:34 — Will taking a higher credit limit on your credit card affect your credit score?  10:31 — What are some ways to improve your credit score and how quickly can it be done?  11:36 — The best way for newcomers or students to build their credit  12:52 — Have attitudes changed from generation to generation when it comes to credit?  13:40 — The biggest shift in the current credit landscape that Laura has noticed  14:52 — The biggest takeaways when it comes to credit scores 

#CreditScore #HomeBuying #Government #YouShouldKnowIn a landscape where credit scores govern our financial lives, understanding how they work is crucial, especially when it comes to home buying. In this power-packed episode of the Key Factors Podcast, we dive deep into the world of credit scores, their new rules, and what they mean for you as a home buyer.Host Mark Jones, President of iTHINK Mortgage and co-founder of ReviewMyMortgage.com, engages in a vibrant discussion with esteemed guests Matt Stansbury, a Senior Loan Officer with iTHINK Mortgage, and Dylan Shivley, Owner of James Warren Group – deemed the best credit repair and monitoring company in the US.Our panel of experts demystify the concept of Loan Level Price Adjustments (LLPA), a significant but often overlooked aspect of the mortgage process. The episode also debunks several myths surrounding credit scores, challenging the commonly held belief that good credit buyers are penalized more than lower credit score buyers.This conversation serves as an invaluable resource, providing you with the knowledge and tools to navigate the intricacies of credit scores and home buying. If you're on the path to owning a home or simply want to understand the dynamics of credit scores better, this episode is a must-listen!To learn more about our hosts and guests, visit iTHINK Mortgage and James Warren Group. Listen to this and more insightful episodes on Buzzsprout.Don't forget to subscribe and share, so you never miss an episode of the Key Factors Podcast.

For many people, a credit score is a mysterious thing. But that number can have a huge impact on our lives. Our guest in this episode is Laura Scheck, Vice President of Credit Cards at Scotiabank. She talks to Natalie Nanowski from our Perspectives Newsroom team to help bust some common myths around the credit score as well as explain the basics. What number is good, what's bad, what will actually decrease your score and, of course, tips on how to improve it.    Key moments this episode:  1:24 — The “origin story” of the credit score  2:06 — What is a good credit score?  2:27 — Can you get a perfect credit score?  3:02 — How is a credit score calculated?  3:32 — Five main factors that impact credit scores  4:30 — The most common way to negatively impact your credit score  5:50 — Another common way people unknowingly decrease their score  7:04 — Can checking your own credit score negatively impact it?  8:33 — Is using your full credit card limit a bad thing for your credit score?   9:34 — Will taking a higher credit limit on your credit card affect your credit score?  10:31 — What are some ways to improve your credit score and how quickly can it be done?  11:36 — The best way for newcomers or students to build their credit  12:52 — Have attitudes changed from generation to generation when it comes to credit?  13:40 — The biggest shift in the current credit landscape that Laura has noticed  14:52 — The biggest takeaways when it comes to credit scores 

Get a 7-day trial at https://www.scoremaster.com/kyle CFPB rule: https://www.consumerfinance.gov/ask-cfpb/what-exactly-happens-when-a-mortgage-lender-checks-my-credit-en-2005/ Experian info: https://www.experian.com/blogs/ask-experian/how-many-points-does-an-inquiry-drop-your-credit-score/ ► ► Get Pre-Approved With My Team → https://www.winthehouseyoulove.com/lender ► ► Get An Agent Referral → https://www.winthehouseyoulove.com/agent TOP RESOURCES

Achieving and maintaining a good credit score is essential to maintaining your financial freedom. It allows you to get credit more easily and at more favorable rates. But many people are thwarted from doing this by all the myths and misconceptions that are out there about credit scores. I talked about this in Episode 149, but in my research I found a dozen more that are out there spreading "fake news" about what can help or harm your score. So let's dispel them right now. In this episode you will learn: - 12 Credit Card Myths to Disbelieve - The Truth Behind the Myths - How to Spot a Credit Repair Scammer - the Importance of Setting Short Term Financial goals

HR 3 Kurt Rogers: Real Estate Market | Credit Score Myths | The Next Election 7/21/22 by John Rush

The pandemic has been disruptive economically to many people, to say the least! Jobs have been lost, income has been scaled back, and as we come out of all this, people are looking to rebuild and get a fresh start financially. Part of this is rebuilding their credit. But there are those out there who will be hampered from the start because of all the misinformation and misconceptions out there about credit and how it works. That's why in this episode of the podcast I wanted to bust those myths and give some accurate information on how to get back on your feet with, eventually, a 700+ FICO score. In this episode you will learn: Why carrying a balance can hurt, not help, your score How to get your credit reports (and scores) for free How canceling a credit card can hurt your score Why a higher income doesn't mean a higher score How to get a new credit card without hurting (and maybe even helping) your score

You know you can't believe everything that you read on the web, right?! There are all sorts of myths, half truths, and straight up lies that can not only make us look foolish were we to believe them, but they can also separate us from our hard earned money and cause us financial harm. And it turns out there are a number of myths that pervade how many think about their credit scores. Some of this confusion has to do with the fact that different lenders reference different scoring models, so it's tough to know exactly what is going on underneath the hood. But in addition to that there is flat out wrong information floating around that has an impact on how we view these mysterious three digit numbers- our credit scores. Listen as we tackle some popular credit score myths head on, and explain what you actually need to do in order to maintain a healthy credit score. During this episode we enjoyed a Hello World by Spyglass Brewing- a big thanks to Gary over at The Fat and Broke podcast for donating this one! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you're not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money! Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

@yourmoneycoachsara www.yourmoneycoachsara.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/yourmoneycoachsara/support

44: Do you know what ACTUALLY impacts your credit score? And how much does it really matter anyway if your score drops by a few points? What should you do to raise your score -- and what isn't worth trying at all? In this episode of the show, we bust some very common but total misconceptions around what goes into your credit score and how to maintain a high one. We also talk about the facts for the best way to manage your credit so you can secure the best interest rates when it's time to finance a purchase. We cover: What factors determine your score When it's a GOOD idea to close a credit card account The surprising things that can hurt your score that people usually don't think about Good credit habits to maintain Why credit card points might not be all they're cracked up to be (and how to make the most of credit card rewards without shooting yourself in the financial foot over them) and more. Join us in this conversation to reveal the truth and bust the myths that commonly surround what we think about our credit scores.

On the fifth episode of MI$$ FINDEPENDENT, Gloria is joined by her friend Albert, they discuss debt and credit scores - different kinds of debt, strategies to pay them off, what a credit score is, how to figure it out and factors that affect your credit score and why it's important. Homework Task 1: If you have debt, create a repayment plan by listing our all of your debt from largest to smallest (sum or interest rate). If you need help, credit counseling is available: https://www.canada.ca/en/financial-consumer-agency/services/debt/debt-help.html Task 2: Find out your credit score and determine whether you need to take steps to improve it Links Where to check your credit score: Borrowell - https://borrowell.com/ Credit Karma - https://www.creditkarma.ca/ Mogo - https://www.mogo.ca/free-credit-score Sources: Gov't of Canada Financial Consumer Agency Debt Free Plan - https://www.canada.ca/en/financial-consumer-agency/services/debt/plan-debt-free.html Gov't of Canada Financial Consumer Agency Credit Score Info - https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/credit/credit-5/3.html Common Credit Score Myths - https://bankruptcycanada.com/dealing-with-debt/common-credit-score-myths/ -- Disclaimer - Miss Findependent is sharing perspectives on personal finance for educational purposes. It may not apply directly to your individual situation. I'm not a licensed financial advisor and it's a good idea to consult with one before making any serious financial decisions. References to products, offers, and rates from third parties often change, please double check on the third party website to get the most up to date info. --- Send in a voice message: https://anchor.fm/missfindependent/message

016: 7 Credit Score Myths and How to Improve Yours Don't let your credit score stress you out! Instead, join us as we debunk 7 common credit score myths and discuss some wise ways to improve your score. And don't forget to download our free Credit Score Quick Reference Guide! (https://mappedoutmoney.com/016) Hope you enjoy! Featured Links: Sponsor - MO$ Resources Page - https://mappedoutmoney.com/resources Credit Score Quick Reference Guide  - https://mappedoutmoney.com/016 Stuff We Like - David Perell - https://www.perell.com Some featured links may be affiliate links. If you use them, Mapped Out Money may get a small commission — but there is no extra cost to you.

The Real Estate Connection - Learn 5 ways to save for a down payment and how to save money when making a down payment on a home & seven plus credit score myths you may be using in your personal life today.

Do you know your credit score? (Because it’s probably affecting your life more than you realize.) Bank of the West’s Mitch Taralson joins us for Episode 20 to share his “Five Things To Improve Your Credit Score.” We also talk about credit score rumors. Does your job affect your score? Does being married? How about … Continue reading Five Things To Improve Your Credit Score (and we talk “credit score myths”) with Bank Manager Mitch Taralson →

Does shopping around for competitive quotes really affect your credit score? Maya and Mapalo unpack the myths and the facts around what affects your credit score and how you can improve it

The Moneywise Guys Thursday, April 4th www.MoneywiseGuys.com Guest: Anselmo Moreno, Innovative Credit Solutions  

A good credit history and a high credit score are valuable assets that can help your clients access financing solutions and even get a better interest rate. Unfortunately, there are a lot of misconceptions around credit reporting, and these sometimes lead to harmful mistakes. Here are five common myths, with simple explanations you can provide to help your clients protect their credit rating.

Lenders often use credit scores to help decide if they will extend credit to consumers. We talk about what does and doesn't affect your credit score. 10 Credit Score Myths and Truths Behind Them was our guide for this show. https://www.msn.com/en-us/money/credit/10-credit-score-myths-and-the-truths-behind-them/ss-BBMDIAMThe 3 credit reporting agencies each have websites with consumer information about credit scores:https://www.equifax.com/personal/education/credit/score/https://www.experian.com/blogs/ask-experian/https://www.transunion.com/credit-scoreThe 2 companies that calculate your credit score are:FICO https://www.fico.com/VantageScore https://www.vantagescore.com/ See acast.com/privacy for privacy and opt-out information.

There's so much bad and just plain false information out there when it comes to your credit. Join me in part 1 of our discussion on the top myths surrounding your credit score. popcornfinance.com/005-credit-score-myths-part-1

Join me in part 2 of our discussion on the top myths surrounding your credit score. popcornfinance.com/006-credit-score-myths-part-2

#160: You can't turn on the TV or have a conversation with someone about money without the subject of credit scores coming up. With all that awareness you would think that everyone would have a basic understanding of how credit works. Unfortunately, there is a lot of miss-information being spread around. There are many myths surrounding the credit score; believing these myths can not only wreck your finances, but keep you from reaching your financial goals. For more information, visit the show notes at The five biggest myths about credit scores Myth #1 - You have to carry a balance to have a good credit score This is a dangerous myth that gives people an excuse to keep their debts. The five credit score factors (payment history, amount owed, length of credit history, new credit, and types of debt) are all about how well you “manage” debt. If you pull your credit report there is nothing about how you manage your normal bills (electric, cell phone, rent), unless you are late on those payments. Myth #2 - The credit scoring system is a government run program The government has nothing to do with credit scores! Can you imagine the chaos?! Credit scores are monitored and reported by publicly and privately held companies that turn a profit. Myth #3 - You need a credit score to rent an apartment Rent payments do not show up on your credit score, why should you need a credit score to rent? Some apartment complexes will only look at your credit history when considering you as a tenant. Others will pull a background check and pull your credit report to look for negative information. There is no rule or law that you must have a credit score in order to rent. Myth #4 - A good credit score will help you build wealth A credit score is based on debt, debt products and the ability to pay back the debt. It won’t help you build wealth, but it can help you get a better interest rate on even more debt. Myth #5 - The more you borrow, the better your score To a point, this is true. But the credit score is based on ratios of available credit vs. balance owed plus payment history. By borrowing too much you can tip that scale and cause the credit score to drop. This is why many people say that you should use a credit card but just pay it off at the end of the month. If we simply avoid debt in the first place, we can use that money to save and invest. These goals are much easier to accomplish when you don’t have the extra weight of debt hanging around. Call to Action Base your financial decisions on long term goals. Don’t get distracted by the lure of a good credit score. Remember that a credit score is based on debt and debt products. To be financially fit we need to consume less, save more, and pay attention - not interest. Also on the show My friend and past podcast guest, , accepted the ALS Ice Bucket Challenge.

National Debt Relief podcast #7: Credit score myths, car buying tips