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How does your credit score really impact your ability to buy a home? This episode breaks down the key factors that shape your credit, common mistakes that lower scores, and how homeowners can protect their financial future. Learn why small financial habits can make a big difference when securing loans and getting the best interest rates. Credit isn’t just about numbers—it’s about unlocking opportunities.
"Your credit score isn’t just a number, it’s a tool—use it wisely." – Quinton Harris
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00:00:45 - Defining Credit
00:01:49 - Defining Negative Terms
00:02:36 - Credit Karma vs. Lender Scores
00:04:14 - Types of Credit Reports
00:06:34 - Factors That Create Your Score
00:07:40 - Payment History (35%)
00:08:30 - Amount You Owe (30%)
00:09:59 - Length of History (15%)
00:10:40 - New Credit (10%)
00:12:00 - Type of Credit Used (10%)
00:12:44 - How to Hack Your Credit
00:13:14 - The 1-2-3 Model
00:13:59 - Pro Tip #1: Renting
00:14:30 - Pro Tip #2: Installment Loans
00:15:10 - Pro Tip #3: Revolving Credit
00:17:00 - Largest Balances Carry Weight
00:18:14 - Fastest Ways to Establish Credit
00:19:49 - How Trade Lines Work
00:22:50 - Review of Five Factors
00:23:54 - Impact of Credit Utilization
00:25:39 - All About Collections
00:26:14 - Medical Collections
00:27:29 - Paying off Collections
00:30:09 - Maintaining a Good Score
00:30:44 - Pro Tip: Don’t Close Old Cards
00:32:39 - Credit Monitoring Systems
00:33:44 - Credit Pulls and Score
00:34:54 - Be a Conscious Credit User