Credit Scores: How Personal Credit Works

Learn everything you need to know about how your credit score works and how to improve it!
4.5 (32 ratings) Instead of using a simple lifetime average, Udemy calculates a
course's star rating by considering a number of different factors
such as the number of ratings, the age of ratings, and the
likelihood of fraudulent ratings.
5,513 students enrolled
$20
Take This Course
  • Lectures 25
  • Contents Video: 1 hour
    Other: 1 min
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
Wishlisted Wishlist

How taking a course works

Discover

Find online courses made by experts from around the world.

Learn

Take your courses with you and learn anywhere, anytime.

Master

Learn and practice real-world skills and achieve your goals.

About This Course

Published 1/2014 English

Course Description

Do you know how your credit score actually works?

Did you know that a bad credit score can cost you thousands of dollars?

Neither do most people, until they find out the hard way…

Information on credit scores isn’t widely taught, even though it’s one of the most important parts of personal finance.

And you probably know your credit score is something you should know about, but you’ve just never set aside the time to look into it.

Well it’s time to take action.

Presenting Credit Score 101: How Personal Credit Works

A 1 HOUR COURSE that completely covers all the ins and outs of credit scores.

I’m Huntly Mayo- my credit score is over 800 (in the best range possible), and I’m a personal finance blogger and lifestyle entrepreneur. One of my areas of expertise is credit scores, and I’ve put together this quick course to bring you up to speed on everything you need to know on the subject.

What you’ll learn in this short but comprehensive class:

    ·How your credit score is calculated, and by who

    ·Proven Strategies to boost your credit score!

    ·How to check your credit score online, completely free

    ·How to potentially make your credit score work for you

    ·How to monitor your credit activity, completely free

Sign up now to take control of your credit score, and avoid potentially having it cost you thousands of dollars down the line.

What are the requirements?

  • Live in the United States

What am I going to get from this course?

  • A complete understanding of the credit score calculation
  • Knowing who calculates your credit score
  • Different ways to boost your credit score
  • How to build or rebuild credit
  • How your credit score can save you thousands of dollars
  • How to make your credit score work for you

What is the target audience?

  • Anyone who wants to secure this important personal finance big win, a good credit score!
  • People living in the United States

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Credit Score Introduction
01:07

Welcome to Credit Score 101!

02:30

Your credit score is probably more important than you realize... here we cover some areas in life where it comes into play.

01:25

About Your Instructor!

00:58

A quick review of everything you'll be learning.

03:36

A high level review of credit scores, and a closer look at why they're important.

Links

www.creditscoredating.com

Section 2: How Credit Scores Work
04:03

Looking closer at the details of how credit scores actually work.

06:14

Credit Score Components: Payment History and Amounts Owed make up 65% of your credit score and are the most important areas to focus on.

02:29

Smaller Credit Score Components

Credit History Length: 15%

New Account Activity: 10%

Credit Mix: 10%

01:29

A Quick Review of All The Credit Score Components

04:23

The Truths Behind the 5 Biggest Myths About Credit Scores!

Section 3: How to Check Your Score & Understand It
03:33

How to securely check your credit score online for free using Credit Sesame or Credit Karma.

Links (Click Through to Access)

Credit Sesame

Credit Karma

Get Your Score Online
Article
02:45

Credit Sesame's most important features:

1) Credit Score

2) My Debt

3) Credit Monitoring

01:48

Use AnnualCreditReport.com to check your credit reports from all 3 credit bureaus, once a year, completely for free.

AnnualCreditReport.com is the only site completely created and authorized by the credit bureaus to issue you your credit report for free.

01:53

How to read your credit report

1) Identify Negative Items

2) Look for Explicit and Implicit Issues

3) Save Your Report!

Sample Credit Report
Article
Section 4: Improving Your Credit Score
07:00

Improving Your Credit Score

Takes a bit of work and some time, but the rewards are well worth it!

01:27

Credit Score Research: Use the credit report you pulled from AnnualCreditReport.com to research your problem areas.

You can also use Credit Sesame to find possible issues that might not be explicitly stated on your credit report (like lack of payment history or high utilization %).

02:31

Get Errors Removed by Disputing Them!

A) List of Mailing Addresses of Credit Bureaus:

1) Experian Mailing Address

2) Transunion Mailing Address

3) Equifax Mailing Address

B) Sample Dispute Letter


C) Sample Dispute Reasons (See downloadable materials)

D) Information to Provide When Contacting Credit Bureaus (See downloadable Materials)

02:00

Removing Late Payments


Creditor are not required to remove late payments, however you may find success when asking nicely, by phone and by mail. See the downloadable materials below for a sample request letter.

05:23

Collections Accounts

These have a strong negative effect on your credit score. Getting them removed can be difficult, the rewards are worth it; usually a large boost in your credit score.

Removal methods are complicated, and you need to research them more before taking action. Please consult a lawyer if you are not familiar and comfortable with using any of terms in the resources below.


Sample Pay For Delete Settlement Offer

More Credit Repair Information: Credit Info Center

05:07

Building (and ReBuilding) Credit

1) Secured Credit Cards: Secured Cards from CreditCards.com

2) Authorized Spender

01:05

Cure High Utilization:


1) Pay off balances before end of month

2) Request Credit Limit Increase

3) Pay with cash or debit

4) Open new card

Section 5: Course Conclusion
01:50

Thanks for taking the class!

Please rate and review if you liked it and found the information useful!

02:23

Do you want to learn how to eliminate your biggest travel expenses?

Check out my full feature course Travel Hacking: How to Travel the World for Next to Nothing to find out more...

Limited Time Offer: Save 75% by using coupon code "CREDITMASTER" ( The special links here already have this applied)

Link: Travel Hacking Course

Students Who Viewed This Course Also Viewed

  • Loading
  • Loading
  • Loading

Instructor Biography

Huntly Mayo Malasky, Entrepreneur, Personal Finance Blogger, Travel Hacker

I'm Huntly Mayo Malasky - entrepreneur, personal finance blogger, and avid travel hacker. I write about high-powered personal wealth building at Personal Wealth Basics.

I have over 8 years of experience in the finance industry, and many more researching and testing personal finance strategies.

I'm also the co-founder of a financial literacy nonprofit, Money Smart Start, whose mission is to teach the basics of personal finance to underserved high school students.

I'm passionate about travel, psychology, and living a rich life without hurting your bankroll. For me, that's meant using travel hacking to travel the world for the past few years at almost no cost.

Ready to start learning?
Take This Course