Business
44: Do you know what ACTUALLY impacts your credit score? And how much does it really matter anyway if your score drops by a few points? What should you do to raise your score -- and what isn't worth trying at all? In this episode of the show, we bust some very common but total misconceptions around what goes into your credit score and how to maintain a high one. We also talk about the facts for the best way to manage your credit so you can secure the best interest rates when it's time to finance a purchase. We cover: What factors determine your score When it's a GOOD idea to close a credit card account The surprising things that can hurt your score that people usually don't think about Good credit habits to maintain Why credit card points might not be all they're cracked up to be (and how to make the most of credit card rewards without shooting yourself in the financial foot over them) and more. Join us in this conversation to reveal the truth and bust the myths that commonly surround what we think about our credit scores.