Tag Archive for: credit score
As Smart with Debt team, we want to cheer you on, and train you to avoid heartbreak during the homebuying process. Our goal is to teach you:
- What the heck a credit score is.
- How your age affects your credit.
- Why bad credit will cost you more—a lot more—by the time you reach retirement.
- How to manage your credit cards.
- How the mortgage approval process works and how to get approved despite poor credit.
- The myths and truths about credit.
- How to deal with pesky collectors.
- How to avoid common credit traps.
- How to keep your credit and enjoy life more!
Essentially, we want to show you how to live the life you’ve always dreamed of.
To learn more about credit, and how you can get a mortgage when the bank says no, go to smartwithdebt.com.
So, how is your credit score calculated? Let’s see what Kal Penn has to say about it!
What the Heck is a Credit Score
Categories: Credit Tips
What the heck is a credit score, anyway?
Essentially, your credit score helps lenders decide if they can trust you. Can you pay them back? Are you worth the risk? If so, how much should they charge you in interest? Think of it like your GPA in high school; the higher, the better. You’ll be given more opportunities and face less rejection.
Easy enough, right?
To learn more about credit, and how you can get a mortgage when the bank says no, go to smartwithdebt.com.