Ep. 174 - Credit Score Myths Busted | What You Don't Know Can Hurt You

In this episode, Quinton Harris and special guest Nick Labyak examine the world of credit scores and debunk common myths. Using a recent quiz released by Vantage Score, they explore surprising facts about how different types of missed payments impact credit scores, with a particular focus on credit card debt. Quinton and Nick discuss strategies for building credit, the impact of closing credit cards, and the significance of maintaining a clean credit history. This episode is as an essential guide for anyone looking to understand and improve their credit score in today's financial landscape.

[00:00 - 01:55] - Introduction 

[01:56 - 05:59] - Credit score quiz

[06:00 - 08:59] - Credit card debt and payment priorities

[09:00 - 11:59] - Clean credit history and mortgage importance

[12:00 - 14:59] - Credit building advice for young adults

[15:00 - 16:08] - Closing segment

Key Quote:

“If you're a university student… You're able to get automatically approved even with no credit history to a credit card." - Nick Labyak

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