Looking to buy a new car, apply for a credit card or possibly buy a home?
Then you definitely want your credit score to be in top shape.
Your credit score, also known as FICO, is a score calculated from your credit report. It’s basically an indicator of how risky a borrower you are. Your credit score can range anywhere from 300-850, and the higher the score, the better. When you go to apply for a car loan, student loan, home loan or credit card, your credit score is used by the lender to determine how much they will lend you and what your interest rate will be. The more risky you seem, the lower the limit they’ll give you—and the higher the interest rate they’ll charge you.
In this week’s Financially Wise Living Episode, I share three easy ways to improve your credit score. Watch this video now and make sure to schedule a Discovery Session with me today to talk about how financial planning can help you reach your financial goals.
Sending you lots of money love!
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.