21 Min.
Credit Score and Credit Report Investing Earning Living Podcast
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- Geldanlage
Marika goes solo this week and explains in detail how your credit score and credit report are calculated.
Knowing how the reports are compiled and what affects a score is vital if you want to make sure that when you apply for a loan your credit score and report are positive and this episode has great content on how lenders use credit scores and credit reports along with what you can do to be in the best position
KEY TAKEAWAYS
Your credit score is used for many different financial products including loans, credit cards and mortgages
It’s a score that is assigned to you and is based on how you have managed your payments in the past
Anything that has happened in the last six years will be seen by the lender
thing
You need to be on the electoral roll and registered to vote
How long you have lived at a particular address, are you traceable?
Lenders don’t want to see high levels of borrowing
The closer you are to your limits on current credit cards the less creditworthy you are
The report details how you have been managing your payments
Lenders are looking at a combination of your score and report to decide on lending
When you are applying for a mortgage check both Experian and Equifax
Try and find out what credit report the mortgage lender will be using.
BEST MOMENTS
‘The longer you have lived at a particular address the better’
‘They like low levels of personal borrowing’
‘If you are an investor check across all the credit score companies’
VALUABLE RESOURCES
Investing Earning Living Podcast - https://omny.fm/shows/investing-earning-living
ABOUT THE HOSTS
Marika and Marek are experienced investors and owners of multiple successful businesses. The hosts went from having nothing to becoming multimillionaires in their early 30’s through hard work, dedication and desire to change lives.
They have battled unforeseen life’s circumstances and challenges which made them realise that they do not want to be in the same rat race as others. Valuing diverse investment strategies, business avenues and multiple income streams, they are passionate about helping others to succeed in life. Listen and learn.
CONTACT METHOD
Email- info@investingearningliving.com
Phone - 0333 050 9443
Facebook - https://www.facebook.com/Investing-Earning-Living-1669019896663211
Marika goes solo this week and explains in detail how your credit score and credit report are calculated.
Knowing how the reports are compiled and what affects a score is vital if you want to make sure that when you apply for a loan your credit score and report are positive and this episode has great content on how lenders use credit scores and credit reports along with what you can do to be in the best position
KEY TAKEAWAYS
Your credit score is used for many different financial products including loans, credit cards and mortgages
It’s a score that is assigned to you and is based on how you have managed your payments in the past
Anything that has happened in the last six years will be seen by the lender
thing
You need to be on the electoral roll and registered to vote
How long you have lived at a particular address, are you traceable?
Lenders don’t want to see high levels of borrowing
The closer you are to your limits on current credit cards the less creditworthy you are
The report details how you have been managing your payments
Lenders are looking at a combination of your score and report to decide on lending
When you are applying for a mortgage check both Experian and Equifax
Try and find out what credit report the mortgage lender will be using.
BEST MOMENTS
‘The longer you have lived at a particular address the better’
‘They like low levels of personal borrowing’
‘If you are an investor check across all the credit score companies’
VALUABLE RESOURCES
Investing Earning Living Podcast - https://omny.fm/shows/investing-earning-living
ABOUT THE HOSTS
Marika and Marek are experienced investors and owners of multiple successful businesses. The hosts went from having nothing to becoming multimillionaires in their early 30’s through hard work, dedication and desire to change lives.
They have battled unforeseen life’s circumstances and challenges which made them realise that they do not want to be in the same rat race as others. Valuing diverse investment strategies, business avenues and multiple income streams, they are passionate about helping others to succeed in life. Listen and learn.
CONTACT METHOD
Email- info@investingearningliving.com
Phone - 0333 050 9443
Facebook - https://www.facebook.com/Investing-Earning-Living-1669019896663211
21 Min.