Are you living your life for lenders? Or are you living your life for yourself?

It’s an important question to ask. Because understanding how to build or rebuild credit can change the direction of your finances (and life), starting today.

“Your credit score does have an impact on real life results, like being able to rent an apartment. Therefore if you take the simple steps to maximize it without hurting your financial future, then it makes sense to understand how the game is played.”

Showing us how to play the game (and the rules to follow) is my guest Doug Hoyes.

Doug is many MANY things. He’s a Licensed Insolvency Trustee with Hoyes, Michalos & Associates Inc., author of Straight Talk on Your Money, and host of the Debt Free in 30 Podcast.

In today’s episode of The Cash and Kerry Podcast, Doug shares the five factors that affect your credit rating and his tips for repairing your credit.

You’ll learn:

  • Why good credit matters
  • What is a good credit score
  • How to dispute credit report errors
  • The 2+2+3 rule for rebuilding credit
  • How to get a free copy of your credit report
  • The power of your utilization rate
  • How to raise your credit score

AND, drumroll pleeeease….

Why your credit report is more important than your credit score.

If you — or someone you love — struggles with poor credit and debt, hit PLAY now because this conversation with Doug Hoyes could change everything.

Dive Deeper

I’m gonna share the resources mentioned in the podcast because they are beyond excellent. I have learned a lot from Doug and I want you to benefit too.

  1. How to Rebuild Credit: In this easy to digest credit repair course (it’s free), Doug Hoyes takes you through a detailed step-by-step plan to improve your financial stability while building up a positive credit history.
  2. Debt Free in 30 Podcast: In this weekly show Doug Hoyes talks to industry experts about debt, money, and personal finance.
  3. Straight Talk on Your Money: The myths and mistakes to know about.
  4. Hoyes, Michalos & Associates Inc.

And Finally

“The credit score isn’t about you. It’s about the lender. It’s a marketing tool.”

Doug’s words hit me here because so many of us place our value on having a high score. When in reality, your score isn’t personal. A high score doesn’t make you more virtuous, and a lower score doesn’t mean you’re less worthy. We are the product in this relationship and the lender is the customer.

The upshot is your credit history is just a snapshot in time. And there’s lots you can do to change it.

More to love:

  1. Subscribe to The Cash and Kerry Podcast
  2. Get my free audio course, How to AFFORD the LIFE you Want

Love love love,