Credit Myths: Busted! - Helen Arroyo - Episode 073
MoneyHeart18 Nov 2021

Credit Myths: Busted! - Helen Arroyo - Episode 073

If you think closing an old credit card will help you raise your score, think again! Those old accounts without balances are actually helping you raise two of the factors which make up your credit: longevity and debt to credit ratio. In this episode credit expert, Helen Arroyo, shares what makes up our credit score and busts some really common myths about how to improve our credit.

“If you closed a card down that you've had for 10 years, you've just lost 10 years of history.”

We may not love credit, but it’s an essential part of our financial lives. Not knowing how credit works can cost us thousands of dollars over our lifetimes. Would you rather send higher interest payments to a lender or use your money for things which are important to you like retirement savings, college education, or family vacations? This episode is critical listening for all those who are learning to build credit or want to improve their credit score.

Helen Arroyo is Marketing Director at Professional Negotiators Inc. and former banker of nearly 30 years. If you’d like to get in contact with Helen she can be reached by email at helen.pronegotiator@gmail.com or by calling (954) 646-1172.

More at moneyheartshow.com.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(120)

Leveling Up - Camille Diaz - Episode 121

Leveling Up - Camille Diaz - Episode 121

Hosting this show has been an amazing experience for me. I hope the content has been valuable for you as well. The time has come for me to wrap up MoneyHeart and move on. In this crossover episode I s...

2 Mars 202328min

Breaking Free from Money Chains - Jessica Hammock - Episode 120

Breaking Free from Money Chains - Jessica Hammock - Episode 120

Trauma is not only caused by things like car accidents and bad breakups. Jessica “Vibrant” Hammock teaches that trauma can be caused by anything where we had an expectation and what actually happened ...

23 Feb 202331min

Oooh, Shiny! - Stéphanie Rourke Jackson - Episode 119

Oooh, Shiny! - Stéphanie Rourke Jackson - Episode 119

Stéphanie’s parents weren’t always the best at managing money. As she was entering adulthood she realized that if she wanted to have money it was up to her. She worked hard and did well but continued ...

9 Feb 202343min

Inevitable Money Moves - El Knezevic - Episode 118

Inevitable Money Moves - El Knezevic - Episode 118

Is any of us prepared when we start our own business? Usually not! After starting her business El Knezevic found she kept running into blocks when it came to making money. Being the type of person who...

2 Feb 202344min

Health is Wealth - Len Glassman - Episode 117

Health is Wealth - Len Glassman - Episode 117

Len Glassman jokingly describes himself as a recovering attorney. He explains that after 4 years of law school and 12 years in practice he just wasn’t happy. Unfortunately (but actually, very fortunat...

26 Jan 202339min

It's Never About the Money - Sarah Leslie - Episode 116

It's Never About the Money - Sarah Leslie - Episode 116

After 20 years of work Sarah Leslie had a very high paying career doing something she was really good at… but it was killing her. The job was so intense that she was literally sleeping with her cell p...

19 Jan 202341min

Service Without Sacrifice - Linda-Ann Stewart - Episode 115

Service Without Sacrifice - Linda-Ann Stewart - Episode 115

Many of us, especially women, are taught that in order to serve we must sacrifice something precious to us. Frequently, the sacrifice we make is our own well being. We sacrifice our income, our physic...

12 Jan 202324min

Taking the Risk - Jennifer Vellenga - Episode 114

Taking the Risk - Jennifer Vellenga - Episode 114

Not too long ago Jen Vellenga (Jen V) and Jennifer Rettele-Thomas (JRT) started a company dedicated to helping women speak with presence as a side hustle. Then after a few months, they decided to take...

5 Jan 202337min

Populärt inom Utbildning

rss-bara-en-till-om-missbruk-medberoende-2
historiepodden-se
det-skaver
nu-blir-det-historia
harrisons-dramatiska-historia
sektledare
not-fanny-anymore
allt-du-velat-veta
roda-vita-rosen
rss-viktmedicinpodden
johannes-hansen-podcast
rikatillsammans-om-privatekonomi-rikedom-i-livet
rss-ar-det-rimligt
rss-basta-livet
sa-in-i-sjalen
sex-pa-riktigt-med-marika-smith
rss-max-tant-med-max-villman
rss-mina-andetag
rss-foraldramotet-bring-lagercrantz
rss-traningsklubben