EPISODE 126: HOW BAD CREDIT IMPACTS YOUR WALLET
Welcome to the Monday Money Tip Podcast! Bad credit, yikes! We all know it’s not a good thing for our financial health, but can it affect other areas? In this episode, we’re going to dive into how bad credit can impact different areas of your life, including insurance premium prices, getting a new job, renting an apartment, or even what military clearance you can receive. In our Current Money Events segment, we’re updating you on interest rates and discussing if you should refinance your house. Our success story comes from Matt, who has been able to pay-off over $62,000 in credit card debt, car debt, and student loan debt.
WATCH OR LISTEN:
About the Episode:
In this episode, we’re going to dive into how bad credit can impact different areas of your life, including insurance premium prices, getting a new job, renting an apartment, or even what military clearance you can receive.
In our Current Money Events segment, we’re updating you on interest rates and discussing if you should refinance your house.
Our success story comes from Matt, who has been able to pay-off over $62,000 in credit card debt, car debt, and student loan debt.
BOOK: 20/20 MONEY: Gaining Clarity for Your Financial Future
0% Balance Transfer Credit Cards
ARTICLE - Rocket Companies Announces Third Quarter Results
ARTICLE - Housing Starts September 2020
TOOL - Early Pay-Off Calculator
TOOL - Mortgage Calculator
AnnualCreditReport.com
ARTICLE - Difference Between Credit Based Insurance Scores and Credit Scores
ARTICLE - Difference Between FICO and VantageScore
ARTICLE - How Much Does Credit Score Affect Auto Insurance Rates
ARTICLE - Why Do Car Insurance Companies Base Their Rates on Credit Scores
ARTICLE - Why Bad Credit Is Bad for Financial Careers
ARTICLE - The Side Effects of Bad Credit
ARTICLE - Military Security Clearance
IWBNIN Ladder
Episode 18: How to Pay Off Debt Quickly
Episode 19: Is All Debt Bad?
Episode 28: 8 Ways to Speed Up Debt Elimination
Episode 84: Is All Debt Equal?
Episode 109: Making Your Student Loans Disappear
Episode 113: How to (Re)Build Your Credit
Episode 121: How the Debt Snowball Works
Email [email protected] to ask questions or share success stories.
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