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This is the stuff you millionaires in the making need to know to kick start or propel you on your financial fitness journey. Tracey Bissett, Founder of Bissett Financial Fitness and award winning Financial Literacy Champion, gives you the straight goods each week to set yourself up for financial success. As a former executive at TD Bank, one of Canada's Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed.  This hands on experience combined with her formal financial education, Masters of Business Administration and Chartered Financial Analyst designation, position Tracey uniquely to coach all things money. Tracey goes behind-the-scenes of all the money matters with need-to-know tips, money-making demystified, and special power-player interviews. Join us weekly for Financial Fitness Training that will turn even a Cash Couch Potato into a Marathon Money Maker.

Dec 12, 2017

Knowing and understanding your credit score is critical to being financially fit. Your credit score is a determining factor for many things in your life - from buying a new car and opening a credit card account to purchasing a new home and even getting a job. Many young adults today don’t understand what their credit score means or how the financial decisions they make impact it. On today’s episode, I’m going to explain what your credit score is and why it’s important to periodically check your credit report and address any issues that may arise. I’ll also explain how to check your credit report, how often you should check it, and why your credit history matters.  

“Just like you take care with your personal reputation, it is equally or more important to take care of your financial reputation.” - Tracey Bissett

This Week on Young Money:
  • Understanding what a credit report is
  • How lenders and creditors use your credit score
  • What’s considered good credit, fair credit, and bad credit
  • Actions that affect your credit score
  • The benefits of having good credit
  • Who can see and use your credit report
  • Types of information included in your credit report
  • How monitoring your credit report can help you spot errors and signs of identity theft
  • Understanding the codes associated with your credit report
  • How often you should check your credit report
  • How to get a free credit report
  Resources Mentioned:      

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