Credit Score Explained | What You Need To Know

Credit Score Explained | What You Need To Know

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Of course, at some point in your life, you would want to finance your dream home or dream car. But do you know that getting loans from financial institutions depends entirely on your credit score? With a poor credit score, you won’t be able to get any loans, whether it’s personal or business. Learn what you need to know about credit score and get loans with low interest rates by maintaining a good credit score.

Financial education is the ability to understand how money works. Here in Flawless Finances, we will walk you through the dos and don'ts of handling your personal finances to be financially literate and help you reach your financial goals. All of us aim to achieve financial independence and financial freedom to be able to live the life that we want to live. So, we're here to help and guide you to reach this point in your life the fastest and easiest way.

Chapters:
00:15 What is a credit score?
01:42 How do credit scores work?
03:01 You can check your own credit score
03:31 Credit reports and credit scores are not the same thing
04:25 Your credit score is determined by five different factors
06:14 You can get free access to your credit
06:57 If you don't have a credit score, what should you do?
07:45 How can you enhance your credit score

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Disclaimer:
We are not financial advisors. The content on the channel and our YouTube videos are for educational purposes only. The information included is not a substitute for expert consultation. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research.

No copyright infringement is intended on the resources used in this video as referenced to the Judicial Doctrine of Fair Use (17 U.S. Code § 107 - Limitations on exclusive rights: Fair use).

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