April 17, 2023

Rich Girl Roundup: How Does Credit Work?

15 minutes

Understanding credit can be tricky—but it's an invaluable part of our financial toolboxes since it affects our ability to buy a home, access loans, etc. Katie and Henah break down the history of credit, how it works, tips to keep in mind while building your credit score, and more.

Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.

Mentioned in the Episode

Consumer Finance statistic on 26M Americans being credit invisible: https://www.consumerfinance.gov/about-us/newsroom/cfpb-report-finds-26-million-consumers-are-credit-invisible/

How Your Credit is Calculated: https://www.equifax.com/personal/education/credit/score/how-is-credit-score-calculated/

Annual Credit Report: https://www.annualcreditreport.com/index.action

Credit Karma: https://creditkarma.com/

How to Save for Your Child's Future: https://link.chtbl.com/u7JzWqOz

Read Money with Katie: https://moneywithkatie.com/

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