The Money Minute Presents:

Understanding Credit Scores

What is a credit score? Join Denis and Katie as they learn talk about what credit scores are and how they affect your credit status.

[2:30] Credit score ranges
●     300 – 530 Bad Credit
●     580 – 670 Fair Credit
●     670 – 740 Good Credit
●     740 and up Excellent

[5:20] What affects your credit score
●     Paying bills on time
●     Late payment has a huge impact in your credit score
●    Having a lot of accounts will boost up your greater facility

[12:14] Monitor your credit score
●     Most credit card companies provide monthly credit score online

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