Deep Dive on Credit Reports, Scores, and Their Real-World Impact

Partner Deals Long Angle: Join a free private community for high net worth investorsBilt Rewards: ⁠Earn the most valuable points when you pay rentQuince: Affordable luxury essentials with free shipping + 365 day returnsFabric: ⁠Affordable term life insurance for you and your familyMasterClass: ⁠Learn from the world's best with up to 15% offFor all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals#221: The ultimate guide to credit reports and scores—how they’re calculated, what affects them, and proven ways to improve them. Specially, I'll cover how opening lots of credit cards impacts your credit. You'll also learn how to check your credit reports and scores for free, dispute errors, understand lender scoring models, protect your financial health, and more.Link to Full Show Notes: https://chrishutchins.com/credit-reports-credit-scoresPartner DealsSuperhuman: Free month of the fastest and best email with code ALLTHEHACKSUpwork: Free job posting to find, hire, and pay top freelance talentFabric: Affordable term life insurance for you and your familyMasterClass: Learn from the world's best with 15% offCopilot: Free 2 months access to my favorite personal finance app with code HACKS2DeleteMe: 20% off removing your personal info from the webFor all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/dealsResources MentionedCredit Bureaus Equifax Experian TransUnion Free Credit Report: AnnualCreditReport.comCredit Monitoring: Credit Karma |  ExperianCredit Reporting Agencies Innovis Chex Clarity Services National Consumer Telecom & Utilities Exchange Early Warning Consumer Report LexisNexis Free FICO Scores: myFICO | ExperianX Post on Couple’s Credit Card JourneyInternational Credit Data: Nova CreditBusiness Credit Scores Equifax Business Experian Dun & Bradstreet LexisNexis Business Credit Data: Small Business Financial ExchangeArticle: Understanding Business Credit ScoresATH Podcast Ep #78: Action List: Everything You Can Do To Protect Your Identity, Accounts, Credit and Family Leave a review: Apple Podcasts | Spotify Email for questions, hacks, deals, and feedback: [email protected] Full Show Notes(00:00) Introduction(02:03) Quick Background of the Credit Report Industry(04:54) What’s on Your Credit Report(06:45) Soft vs. Hard Inquiries(10:04) How to Request Your Credit Report for Free(10:59) Filing for Disputes(12:37) Freezing Your Credit, Fraud Alerts, and Credit Monitoring(18:46) Credit Reporting Agencies(24:06) How to Remove Your Personal Information Online(26:24) Quick Overview of Credit Scores(29:36) How Credit Scores Are Calculated(35:33) FICO Score vs. Vantage Score(38:12) Upcoming (Big) Changes to Credit Scores(40:27) Where to Find Your Credit Scores(42:00) Analyzing Chris' Credit Scores(46:59) Two Main Factors That Impacted Chris’ Credit Score(48:58) How the Points & Miles Game Impacts Credit Scores(53:12) The Impact of Closing a Credit Card(56:36) Ways to Improve Your Credit Score(59:21) Adding an Authorized User to Your Credit Card(1:01:59) How to Leverage Your International Credit Score(1:02:53) Quick Overview of Business Credit ScoresConnect with ChrisNewsletter | Membership | X | Instagram | LinkedInEditor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.