What factors make up your credit score?

How does your score increase and decrease?

What are some credit myths?

What does FICO stand for?

There are five factors that make up your credit score:

• Payment history (35%)
• Credit Utilization (30%)
• Length of Credit History (15%)
• Credit Mix (10%)
• New Credit (10%)

In this week's episode, George and Shawn talk about your credit score, the way the five factors above increase or decrease your score, and why your score is important.

You can read Shawn's blog post here: https://www.yesnerlaw.com/five-factors-that-make-up-credit-score/

You can also check your score, for free, at https://www.annualcreditreport.com/ which is the only free credit report site supported by the United States Federal Trade Commission (FTC).

Let us know if you enjoy this episode and, if so, please share it with your friends!

Please also visit our sponsor Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com.

Or, you can support the show by visiting our new Patreon page: https://www.patreon.com/crushingDebt

To contact George Curbelo, you can email him at [email protected] or follow his Tiktok channel - https://www.tiktok.com/@curbelofinancialcoach

To contact Shawn Yesner, you can email him at [email protected] or visit www.YesnerLaw.com.

While this year's Purple Stride walk is over, you can still support Shawn's team to fight Pancreatic Cancer at MY Legacy Striders: http://support.pancan.org/goto/MYLegacyStriders08