Tuesday, May 09, 2023
Understanding Credit: Behind the Numbers
Credit is a super popular topic. And there’s a myth that because you have good credit, you’re in good financial health. Chloe and Lauryn constantly see people getting taken advantage of by people on social media, promising to help others fix their credit. Your credit score is not the end-all-be-all, and good credit doesn’t mean you have good financial habits.
So, Chloe and Lauryn are going behind the numbers to help you understand what you need to know about credit.
In this episode, Lauryn and Chloé talk about:
- The BIG myth around your credit score
- The details about your credit report and credit score
- What “good” credit actually means, and what it can do for you
- Why a good credit score isn’t an indicator of financial health
- How to check your credit report three times a year & why you should
- Types of credit
- How to be smart with credit
- What to think about before “credit card hacking”
If you want to further connect with Lauryn Williams:
Instagram: @worthwinning
Twitter: @worth_winning
Facebook: @worthwinningfp
LinkedIn: @lauryn-williams
If you want to connect further with Chloé Moore:
Instagram: @financialstaples
Twitter: @finstaples
Facebook: @finstaples
LinkedIn: @chloemoore
Shared quote:
“It’s foolish to buy something that’s overpriced; more foolish, if it’s unnecessary; and even more foolish, to buy it on credit.” ― Mokokoma Mokhonoana
RESOURCES MENTIONED:
Lauryn is hosting two Welcome to Wealth financial retreats this summer for young professional women. Want to go on an adventure and create a financial plan for your life? Learn more at the links below.
• Medellin, Colombia July 2023
• Bali, Indonesia August 2023
Hi, I'm Lauryn
Certified Financial Planner
Welcome to the Worth Listening podcast, where we focus on having positive and productive conversations about money.
Interested in being a guest on our show? Email us today at podcast@worth-winning.com! We'd love to hear from you.