About this episode

Mark Trice and Sam Chapman discuss common misconceptions about credit and debt that may be affecting listeners' credit scores.

Send us Fan Mail Are common credit myths hurting your credit score? In this episode of The Spend Life Well Show, Mark Trice and Sam Chapman break down the biggest misconceptions about credit and debt. Many young adults believe they need to carry a credit card balance to build credit or that closing old accounts will improve their score. The truth is very different. You will learn how credit utilization affects your FICO score, why paying off your balance each month does not hurt your credit...

People in this episode

Host: Mark Trice

Guest: Sam Chapman

Topics covered

• credit myths
• credit score
• debt misconceptions
• credit utilization
• FICO score

Keywords

• credit myths
• credit score
• debt
• credit utilization
• FICO score
• young adults
• credit card balance

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