Ep. 133 - Making Credit Easier to Understand with Tracey King
In the final episode of our three part series on credit, Quinton Harris interviews Tracey King, COO of Partners Credit Verification Solutions. They discuss common misconceptions about credit scores, how mortgage credit reports differ from sites like Credit Karma, the impact of credit inquiries, upcoming changes like VantageScore 4.0, how medical debt is handled, whether credit repair services are worthwhile, and more. This episode serves as a comprehensive guide for listeners who want to simplify the confusing world of credit.
[00:00 - 00:57] - Introduction & opening segment
[00:58 - 02:18] - The disconnect with consumer understanding
[02:19 - 04:26] - How mortgage credit reports are more comprehensive
[04:27 - 08:13] - Why credit scores and reports are fluid and change frequently
[08:14 - 11:52] - Upcoming changes with VantageScore 4.0
[11:53 - 13:06] - How medical collections are handled
[13:07 - 17:33] - Negotiating with collections agencies to remove negative marks
[17:34 - 20:27] - Obstacles to including rent and utilities on credit reports
[20:28 - 26:27] - How consumers can leverage their credit situation
[26:28 - 29:43] - The sensitivity around credit reports
[29:44 - 31:09] - Why credit repair services are largely unethical
[31:10 - 33:19] - Disputing inaccuracies directly with the credit bureaus
[33:20 - 35:35] - Working with lenders for customized credit improvement plans
[35:36 - 38:26] - Closing segment
Credit Resources:
Key Quotes:
"There's no such thing as a credit repair expert” - Tracey King
“When you pull someone's credit, it is a snapshot of that very moment” - Tracey King
Contact Tracey:
https://www.linkedin.com/in/tracey-king-danadio-/
https://www.facebook.com/tracey.kingdanadio
https://www.instagram.com/takingdanadio
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