Episode 22: Know YOUR Credit Report
- Brief Summary of objectives (3):
- Credit scores vs. credit report
- Why bother with credit report?
- Building good credit
- Credit
- Topic 1: Credit scores vs. credit report
- Why does it matter how we have paid a credit card on time?
- Credit score only when you are trying to use it
- Top thing to effect your credit score is paying on time, how much credit you have and how you have used it, with a varity of credit, your history.
- Topic 2: Why bother with credit report?
- One of the top reasons is to make sure it is accurate
- You should get one credit report yearly
- Topic 3: Building good credit
- Pay your bills on time every time, shows how you can be trusted with money being loaned.
- Paying it on the due date might not pose on the due date
- Don’t get to close to your credit limit.
- Maxing out credit cards aren’t good… using less than 30% of your given credit limit.
- Do not apply for to much credit in a short amount of time.
- Topic 4: Really Credit Bad credit – how do you rebuild?
- 4 Things that don’t help credit: Prepaid Card, Debit/Cash, Taking Out Payday loan or an autoloan that are own here buy here.
- Call to action: Take a moment today and to go get your credit report.
- Resources and where to connect.
- [email protected]
- Facebook – UAEX White County
- IG/Pinterest – katiecullumuaexfcs
- Website: https://www.uaex.uada.edu/life-skills-wellness/personal-finance/
- Credit – Credit Help for Arkansans: Names and Numbers to Know - FSFCS91 (uada.edu)