In this episode of Rebuild and Rise, I am diving deep into the world of credit scores and unravel the complexities surrounding them. We cover the crucial differences between various credit scoring models and how each industry uses its own algorithms to assess your risk. I share insider tips from the mortgage industry, highlighting the importance of soft pulls versus hard pulls and how they impact your credit score.
We also explore why paying off certain debts might actually lower your credit score and discuss strategic ways to manage your credit cards effectively. Throughout this episode, I emphasize the mindset shifts necessary to take control of your financial future, including the importance of living below your means and making well-informed decisions.
Join me as we uncover strategies to not only improve your credit score but also set you on a path toward long-term financial stability and freedom.
Be sure to listen, subscribe, and share this episode with anyone who could benefit from a fresh perspective on credit and financial empowerment!