We’ve all been told that our credit scores matter — but what does that really mean?  

A high credit score can open doors. It can help you get a lower interest rate on a car loan, qualify for a mortgage or even make it easier to rent an apartment. 

But a lower score? It can quietly cost you thousands of dollars in higher interest payments over time — money that could be going towards your savings, your home or your future. 

MPR News guest host Catharine Richert talks with a financial coach about what determines your credit score, simple steps to improve it and the smart choices that can strengthen your financial health for years to come. 

Guest:

• Demitri McGee is a financial coach, certified housing counselor and youth director at Build Wealth Minnesota, a nonprofit opportunity center dedicated to helping families through financial education, personalized coaching and community-based programs.