Your Credit Score Questions Answered, Part One (Podcast)

 Your Credit Score Questions Answered Part One

We’ve all heard that it’s  important to “build your credit score” and “protect your credit score.”  But if you’re NOT going to borrow money, does it really matter?  During this podcast episode I answer this question and others….  What does my credit score mean and how is it calculated?  Is my credit score an indication of my financial health?  Why do employers and insurance companies check my credit?

 

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Comments 25

  1. I don’t pay much attention to my credit score. I know I am doing everything right, so it’s not even on my radar to be honest 🙂

  2. I don’t pay much attention to credit score because I don’t borrow money. I thought is was really important at one time until I started researching other options beside borrowing such as saving and paying cash for the things I want.

  3. The only reason that I think that a credit score is important is because it shows how business’s are viewing your credit. Not that it matters if you don’t get loans. It’s still good to check because you never know if that one time 10 years ago you were late on a payment it is negatively affecting your credit.

  4. I don’t know what our credit score is. My Hubs takes care of all the finances. I just sit back and relax. I do know that when we go to buy something and they check our credit, there is never a problem.

  5. It is good to check it out now and then. I don’t borrow anymore but I think would be handy for new borrowers.

  6. We don’t really use this system in Jamaica but thanks for the information. I was always confused about building a Credit Score.. is it that they want you to purchase more things using a Credit Card?

  7. I’m in the process of buying a new home so I had to make sure mine was ok because I needed to be able to qualify for a new mortgage. So far mine is pretty ok but I like to keep track of it.

  8. Pingback: Maintaining a Good Credit Score with Minimal Debt (Video) | Christine Luken

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