In this eye-opening episode of Earn Your Leisure, we had the pleasure of interviewing Shonda Martin, an expert in personal and business credit. Shonda delves into the intricacies of building a robust credit profile, sharing invaluable advice and strategies that go beyond just the numbers. Tune in as we cover essential topics including:
- The significant role of personal credit in business credit development.
- Effective ways to handle late payments on your credit report. - Why a healthy credit profile matters more than your credit score.
- Achieving financial flexibility with a 680 credit score.
- The risks of co-signing and how it affects your credit.
- Regularly boosting your credit limit for financial health.
- The impact of student loans on your credit score.
- Understanding the true nature of credit card usage.
- Strategic payments to enhance your credit score.
- How high credit card balances can lower your score.
- The right time to start building your child's credit.
- Common parental mistakes in managing their child's credit.
- Knowing when and why to close a credit card.
- The optimal age for adding your child to your credit card.
- Steps to building a strong credit profile. - Key FICO scores to be aware of.
- Solutions for managing credit card debt.
Don't miss out on these crucial insights that could transform your financial journey. Whether you're repairing, building, or maintaining your credit, Shonda's advice is a game-changer.
