Ep. 240 - How to Build & Keep Good Credit – The Ultimate Guide!

Like and subscribe to “What’s Your 1 More” Podcast for more financial strategies! 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 Connect with us:
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 Spotify: https://open.spotify.com/show/37zPGizSKOGid1NVnm92i5 Special thanks to PARTNERS CREDIT Credit Resources: https://bit.ly/WY1MCredit  If you enjoyed this episode, please like, subscribe, and share your thoughts in the comments—your feedback and engagement mean the world to us and help shape future episodes of What’s Your One More! Thank you for being part of our community! 00:00:00 - Intro 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 00:35:39 - Outro