The Rhonda Lavoie Podcast

Credit Score Confidence: A Guide for Women Entrepreneurs


Listen Later

Okay, listen up, everyone! Let's talk about something that might not be the most exciting part of building our businesses, but trust me on this, it's absolutely crucial: your credit score. Ever wonder why getting that business credit card or that line of credit feels like such a hurdle sometimes? This week on TUF Coffee Shop Talk, I'm breaking down the real deal about your credit score and why it's way more important than you might think, especially for us as women making moves in our ventures.

We're diving into why understanding this number can be a game-changer when you're looking for those financial tools to grow, or even just getting decent terms with suppliers. I'm keeping it real and explaining what actually moves that score up or down – no complicated jargon, promise. Plus, we'll bust the myth that having zero credit is the ultimate win (spoiler alert: it's not!).

Ready to take the reins of your financial future and step into those opportunities with confidence? Grab your coffee and let's get into it!

Timestamped Key Topics

  • 0:11: The importance of understanding your credit score before you need to borrow.
  • 0:40: How your personal credit score impacts your business financing (credit cards, lines of credit).
  • 1:02: Explanation of Canadian credit bureaus: Equifax and TransUnion.
  • 1:45: The value of regularly monitoring your credit score for errors and insights.
  • 4:20: Rhonda's personal practice of tracking her credit score monthly.
  • 5:12: Introduction to what affects your credit score (payment history, amounts owed, etc.).
  • 5:30: Breakdown of Canadian credit score ranges (Excellent, Very Good, Good, Fair, Poor).
  • 7:42: Addressing the myth that having no credit is the best approach for entrepreneurs.
  • 8:47: The importance of strategically using and managing credit for long-term success.
  • 9:39: Call to action to subscribe and share the podcast.

Like what you hear? I would love to hear from you [email protected]

Don't forget to subscribe!! I love to see my following grow, makes my heart happy!

Follow me @ ⁠⁠⁠Instagram⁠ ⁠⁠~ ⁠⁠⁠Facebook⁠⁠⁠

TUF Institute Website (Client courses, coaching an TUF Collaborative membership) ~ ⁠⁠https://www.tufinstitute.com/⁠⁠⁠

Subscribe to my newsletter ⁠http://rhondalavoie.exprealty.com/newsletter

...more
View all episodesView all episodes
Download on the App Store

The Rhonda Lavoie PodcastBy Rhonda Lavoie