Credit Scores: How Personal Credit Works
4.7 (37 ratings)
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Credit Scores: How Personal Credit Works

Learn everything you need to know about how your credit score works and how to improve it!
4.7 (37 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.
6,963 students enrolled
Last updated 2/2014
English
Current price: $10 Original price: $20 Discount: 50% off
4 days left at this price!
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • 2 Articles
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • 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
View Curriculum
Requirements
  • Live in the United States
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.

Who 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
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Curriculum For This Course
25 Lectures
01:08:05
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Credit Score Introduction
5 Lectures 09:36

Welcome to Credit Score 101!

Preview 01:07

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

Preview 02:30

About Your Instructor!

Preview 01:25

A quick review of everything you'll be learning.

Preview 00:58

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

Links

www.creditscoredating.com

Preview 03:36
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How Credit Scores Work
5 Lectures 18:38

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

Preview 04:03

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

Credit Score Components: Payment History & Amounts Owed
06:14

Smaller Credit Score Components

Credit History Length: 15%

New Account Activity: 10%

Credit Mix: 10%

Other Credit Score Components
02:29

A Quick Review of All The Credit Score Components

Credit Score Calculation Summary
01:29

The Truths Behind the 5 Biggest Myths About Credit Scores!

Credit Score Mythbusting!
04:23
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How to Check Your Score & Understand It
6 Lectures 10:45

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

Checking Your Credit Score Online
03:33

Get Your Score Online
00:34

Credit Sesame's most important features:

1) Credit Score

2) My Debt

3) Credit Monitoring

How to Use Credit Sesame
02:45

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.

Checking Your Credit Report Online
01:48

How to read your credit report

1) Identify Negative Items

2) Look for Explicit and Implicit Issues

3) Save Your Report!

Understanding Your Credit Report
01:53

Sample Credit Report
00:11
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Improving Your Credit Score
7 Lectures 24:33

Improving Your Credit Score

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

Introduction to Improving Your Credit Score
07:00

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 %).

Credit Score Research
01:27

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)

Disputing Errors
02:31

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.

Getting Late Payments Removed
02:00

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

Collections Accounts
05:23

Building (and ReBuilding) Credit

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

2) Authorized Spender

How to Build Credit
05:07

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

Curing High Utilization
01:05
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Course Conclusion
2 Lectures 04:13

Thanks for taking the class!

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

Course Review
01:50

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

Link: Travel Hacking Course

Bonus Lecture: How to Make Your Credit Score Work for You!
02:23
About the Instructor
Huntly Mayo Malasky
4.9 Average rating
80 Reviews
8,059 Students
2 Courses
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.