Everyone knows that it’s good to have a high credit score- it’s true, but what is high enough? It can be tempting to spend an inordinate amount of time in pursuit of the perfect score, but we’re here to let you know that it’s a waste of time and energy. You’ll find that chasing after the elusive 850 will likely leave you feeling disillusioned, IF you even achieve it. There’s no pot of gold at the end of that rainbow! Yet, our credit scores impact a lot of different areas of our lives. They truly are important and they deserve our attention! So during this episode we talk about what we feel is a healthy credit score, where to track your score for free, as well as some actionable tips in order to raise it. Just don’t get sucked into the trap of thinking you need a perfect credit score.
Additional links from this episode
- Here are more details straight from Experian as to how your credit score impacts your insurance rates depending on what state you live in. But if you live in California, Hawaii, Maryland, Massachusetts, Michigan, Oregon, & Utah, that’s one less thing to worry about.
- Free weekly credit reports are available from all three bureaus via AnnualCreditReport.com
- To track your own credit score for free, head to Credit Sesame, Credit Karma, as well as Credit Scorecard.
- And if you’re looking to really give your credit score a boost, listen back to Episode 113: Rebuilding a Rough Credit Score.
During this episode we both enjoyed a Nuclear Seahorse by Booneshine Brewing – thanks for donating this one to the show Christopher! And as we’ve ramped up the podcast with an additional Friday episode every week, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times!
Best friends out!