Wealth and Wisdom Together®

111. The Credit Score Formula Unpacked: 5 Key Factors To Understand


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In this episode, we are starting a 3-part series where we will answer client questions. The question we are addressing today is, "I want to buy a house, but my credit score is too low. What are the factors that impact my credit score? Also, how can I improve my credit score?"

Whether you want to purchase a home, get a loan, or enhance your credit score, this episode will be helpful. The good news is that understanding and improving your credit score is possible with a strategic approach. We will begin by discussing the factors determining your credit score and providing practical strategies to improve it.

We aim to assist you in reshaping your comprehension of credit and allow your score to reflect your credit reputation accurately. By mastering the factors that impact your credit score, you will be able to demonstrate your reliability in managing financial obligations.

Episodes Highlights:

02:29 - Factors Affecting Credit Scores

09:25 - Payment History

10:28 - Amount Owed

19:12 - Overcoming Debt and Credit Challenges

23:04 - Biblical Insights on Credit

29:26 - Key Steps to Increase Credit Score 

Subscribe and share this podcast episode with your family and friends so they can utilize these factors as they establish a credit score that accurately represents their credit reputation.

Connect with Weslia Echols, AFC®  and  Willa Williams, AFC® 

Facebook and Instagram: @wealthwisdomtogether  

Trinity Financial Coaching: ⁠https://www.mytfcoach.com/


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Wealth and Wisdom Together®By Willa Williams and Weslia Echols