10 Credit Score Myths Busted | Increase Your Credit Score

We Busted 10 credit score myths, that prevent you from increasing your credit score. Some of these are actively holding your credit score back, while others simply are not being utilised to boost the credit score.
___________________________________________
PREVIOUS - VIDEO: Billionaire Ron Baron on Tesla | Long Term Investing

⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯
SOCIALS
⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯
✔ FACEBOOK

You obviously know that your credit score is important. It is influences almost every aspect of your life, starting at the ability to get a basic credit card, up to renting your dream apartment, mortgage for buying a house, landing that job, because yes, employers do request credit reports.
Even though it has not been proven that there is any correlation between job performance and credit score, employers still request credit scores for many positions. I guess it gives them a sense of security, even if it is meaningless.

Next to this your credit score also determines the interest you get on a (student) loan and if you get the loan at all.
Since these subjects cover pretty much every person's daily life, it is important to actively work on your credit score, to improve it. Or at the least ,not to do anything that will hurt it.

Properly managing your credit score, will allow you to get a better hold on your personal finances and give you more security & stability. It also forces you to better think about your purchases and plan your financial decisions ahead of time.

There is nothing wrong with borrowing money, when it is done responsibly. We do it all the time for things like a house, college degree or car payment. So take care of your financial goals today and you will enjoy a carefree future.

#CreditScore #Rating #Increase #credit #interest #loans #mortgage #report #borrowing

ABOUT - FINANCE & BANKING EXPLAINED
We dive into the world of international finance and banking, providing financial advise on a whole host of issues including, financing, banking, lending, mortgages, investing, trading, forex, borrowing, debt, credit & credit cards, passive income, regulations, and many more subjects.

Seattle 2020/2021

[FBECapital]

In the next credit score video, I will go in more detail on how the credit score is calculated. I will also breakdown the individual elements of the algorithm and what other factors influence the overall credit score.