Sponsored by: Wise Marketing Team
Edited by: Shatoyia Jones, FLP Founder, Wealth Building Educational Consultant; Business Development Specialist
January is over, and now is usually about the time when your commitment to
your New Year's resolution wanes. If [one of your resolution's this year was] to build savings or wealth this year, you may want to rethink letting this resolution go. After all, financial health is a crucial investment for your future, especially credit.
Many people do not pay attention to the role of the credit score system until they want to make major purchases like buying a home or applying for a business loan, only to find out that their goals have to be put on hold because they never took the time to prepare their credit for their future.
Below is a refresher on the basics of the credit score, as well as a deeper dive into what credit scores are and how you can improve it by listing some simple things you can do to boost your own.
In a previous episode of FLP First Generation Wealth Builders: The Benefits of Good Credit, Shatoyia, the Founder / CEO of First Ladies of Poverty Foundation, mentioned that a good credit score is an effective way to save money — and for good reason. With good credit, you can qualify for lower interest rates on loans, get more value out of your credit card rewards, and save more on insurance.
FLP First Generation