how to improve your credit score
Most lenders solely rely on your credit score to determine your interest rate and whether or not you qualify for a mortgage at all!

 

You heard it here: Dave Ramsey is wrong and your credit score is way more important than you think! In this episode we’re going to cover what is a credit score, why you need good credit, and then specifically we cover how to improve your credit score. There are some key factors that you need to know since they make up your credit score.

The 5 factors that make up your credit score:

  1. Payment history, 35%
  2. Credit utilization or amount owed, 30%
  3. Length of credit history, 15%
  4. Credit mix, 10%
  5. New credit, 10%

And some good sites where you can check your credit score for free are Credit Sesame and Credit Karma. Most credit cards are also offering a free credit score, but Joel and I are both fans of Discover’s Credit Scorecard.

Dogfish Head Oak-Aged Vanilla World Wide StoutAnd at the beginning of this episode we both opened a bottle of Oak-Aged Vanilla World Wide Stout by Dogfish Head, which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in iTunesStitcher, or wherever you get your podcasts!

Cheers!

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