Hack Your Wealth
How to increase your credit score (plus analyze and protect it) with Louis DeNicola
Jan 21, 2020 · 46 min
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#14: The credit score is the metric for how borrower creditworthiness is judged.

In episode 14, I talk with Louis DeNicola a consumer credit expert and credit writer who works with clients including Experian, Credit Karma, LendingTree, and Nova Credit.

What you’ll learn in this episode:

  • How credit scores are calculated and how each major component is weighted
  • Why credit scores fluctuate constantly and how lenders and card companies often use proprietary credit scoring models internally
  • How to increase and protect your credit score
  • What to focus on when auditing your credit report
  • The difference between soft vs. hard inquiries and how each impacts your credit
  • The optimal “utilization” level (plus a hack for making your utilization appear low)

Links mentioned in this episode:

Intro/Outro: Old Bossa by Twin Musicom.

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