Can You Improve Your Credit Score Without Debt? | DFI30
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Can You Improve Your Credit Score Without Debt? | Debt Free In 30 | Ep 381. If you’re new to credit or have recently completed an insolvency filing, you may be thinking about ways to improve your credit score without taking on more debt. While debt is necessary to have in order to build your credit, there are some strategies to improve your credit score without taking on more debt. On today’s podcast, Maureen Parent, LIT, returns to discuss what makes up a credit score and how you can strategically improve it without a lot of additional debt. She also talks about the importance of utilization rates, how to build a long credit history, why cash savings and rent payments don’t count towards your score, and what to avoid so you don’t harm your credit. Tune in for lots of practical advice!
1:13 – What is a credit score & can you improve it without debt?
2:19 – Why do rent payments not count towards your credit score?
4:44 – Why don’t cash savings improve your credit score?
5:40 – What makes up a credit score? How is it calculated?
18:50 – Does length of employment or residence at one address improve a credit score?
25:35 – Practical advice on how to improve your credit score
#CreditScore #ImproveCreditScore #DebtFree #DebtFreeIn30 #DFI30 #PracticeSafeCredit #LIT #CreditReport #Credit #Score
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