This week’s episode of Grow Money Business features Dionne Perry, and is all about using credit responsibly. Dionne is an author, speaker, and board-certified Credit Consultant. Dionne has created Credit-Lit Ambassador programs to empower youth and train educators, counselors, community activists, financial advisors, and other adults on credit scoring processes. Join us as we dive into credit literacy, the FICO score, how to improve your credit score, how to handle credit disputes, and more.
[06:03] Credit Literacy – Dionne starts the conversation by sharing the backstory of how credit literacy became her passion.
[13:22] FICO score – Grant and Dionne discuss how a FICO Score evaluates a borrower’s creditworthiness based on payment history, current indebtedness, types of credit used, credit history, and new credit accounts.
[20:41] Improving Credit Score – Dionne shares some of the fastest and easiest ways to improve your credit score.
[28:58] Credit Dispute – Dionne explains how the credit dispute process works.
[36:14] The Importance – Grant and Dionne discuss the importance of your credit score and how it impacts everything in your life.
Resources
Good Credit – What It Is, How To Get It, and How to KEEP It!
credit-lit.com/
Credit-Lit Credit 101 for Teens
amazon.com/Credit-Lit-Credit-101-for-Teens/dp/1735947008/ref=tmm_pap_swatch_0
00:00 Introduction
06:30 Credit Literacy
12:33 FICO Score
20:41 How to Improve Your Credit Score
28:58 How a Credit Dispute Works
36:14 The Importance of Your Credit Score
