Good credit is important. Bad credit can make it difficult—or more expensive—to get a loan or credit card, rent an apartment, or get cell phone service. Surveys show few people truly understand how the system works: What makes their credit scores go up, and what causes them to plunge. In this episode we’ll demystify the process, and separate credit facts from credit myths.

Special Guest: Liz Weston, a personal financial columnist for NerdWallet, and author of the best-selling book “Your Credit Score.”

Additional Resources:

Credit Myths Persist, Even After Pandemic Forces a Closer Look at Finances

New Government Report: Experian, Equifax, and TransUnion Rarely Act on Complaints About Credit File Errors

How to Spot a Credit Repair Scam and What You Can Do to Improve Your Credit Scores

Buy Now, Pay Later Spending Traps