World's Best Intro to Credit!

Name: World's Best Intro to Credit!
Rating: 4.5 (49 reviews)

Anyone can have a great credit score, this is how.

Created byRod Griffin

Last updated 11/2020

English

English [Auto],

What you'll learn

Learn to make smart credit choices that improve your life!

Course content

3 sections • 19 lectures • 31m total length

History of Credit2:23
You probably know credit is "important". But what does that really mean? Fortunately for you, Experian is the world's leader in financial information and in this short course, we'll teach you everything you need to know to understand how your credit score works and clear up some common myths.
What is FICO?1:05
Learn how the FICO score is calculated from your credit report. FICO uses payment history, amounts owed, length of credit history, types of credit, and new credit across bureaus, Experian.
300 - 850: What's in a number?0:31

Importance of payment history2:26
How often do scores change?2:04
Learn how your credit reports from Experian, Equifax, and TransUnion can change monthly, how utilization affects scores, and how to monitor and manage your credit.
How many credit scores do I have?1:48
What happens if I make a late payment?1:52
Late payments harm credit scores, as a 30-day delinquency stays on your report for seven years from the original delinquency date, while automatic payments help you stay current and recover.
What about credit repair?2:16
Discover what credit repair is, how it works, and how long it can take after setbacks, using three steps: bring delinquent accounts current, reduce utilization, and review your score.
Paying off loans vs. credit cards2:28
What happens with multiple inquiries?2:02
How does renting impact my credit score?1:44
Renters can build credit when on-time rental payments are reported to Experian, Equifax, and TransUnion, helping you establish a credit history; verify landlord reporting and model inclusion.
How do I start building credit?1:50
Discover how to start building credit with a secured card backed by a savings deposit and a retail card with rewards, and follow pay on time and 30% utilization guidelines.
What is APR and why does it matter?1:59
User questions2:26
Discover how credit scores affect mortgage approvals, with about 680 for FHA or conventional loans and 640 for first-time homebuyer programs. Prioritize affordability and read all terms carefully.

Requirements

None!

Description

Experian, the world's leader in financial data and credit education, teaches you how credit really works, so you can have a great credit score for the rest of your life. You might think you know about credit, but even seasoned professionals miss some of the myths we'll expose in this quick lesson.

Who this course is for:

Anyone and everyone

World's Best Intro to Credit!

What you'll learn

Explore related topics

Course content

The Big Picture on Credit3 lectures • 4min

Simple Formula for Great Credit5 lectures • 4min

Bonus Content: Myths & FAQs11 lectures • 23min

Requirements

Description

Who this course is for: