Episode 9: SIX Tips you can take TODAY to improve your credit! Part 2 of 2
The Pursuit of Progress Podcast · Adam Lang and Benjamin Adams
Audio is streamed directly from the publisher (api.riverside.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
In this episode, Adam and Ben wrap up their 2 part series on Credit!
They share the remaining three factors that affect credit scores: age and diversity of accounts, utilization of revolving accounts, and account balances.
They emphasize the importance of managing credit responsibly and using credit cards in a way that benefits your score. They also discuss strategies for building credit for children and the impact of cashless transactions on society.
Overall, the episode provides valuable insights and actionable steps for improving credit scores and achieving financial success.
Takeaways:
- Managing credit responsibly is crucial for building a strong credit score.
- Age and diversity of accounts, utilization of revolving accounts, and account balances are key factors in credit scores.
- Parents can help their children build credit by opening bank accounts and adding them as authorized users on their credit cards.
- Using credit cards responsibly and keeping balances low can positively impact credit scores.
- Understanding the impact of cashless transactions and the changing currency landscape is important for financial literacy.