WAW047: The Way of the Credit Score

WAW047: The Way of the Credit Score Welcome back to another episode of “Word About Wealth”. Let’s test your knowledge about credit scores. Fact or fiction: 1. You have to carry a balance to build credit. 2. Paying off your existing debt will erase your bad credit. 3. You and your spouse share the same credit score. 4. Opening many credit cards do not hurt your credit. 5. FICO stands for “Federal Inquiry Credit Organization”. Find the answers to these questions and more in this episode! As always, if you have any questions, comments, or topic recommendations, please email us at [email protected]. Subscribe to future episodes of “A Word About Wealth” as we strive to deliver financial entertainment to the masses. References:
 1. www.experian.com/blogs/ask-experi…ont-fall-for-em/ 2. creditcards.usnews.com/articles/5-ha…t-score-myths 3. www.adviacu.org/blog/2018/04/22/t…our-credit-score/