Kevin Faulkner shares his journey and finding purpose in the credit health industry. He emphasizes the importance of taking accountability for one's life and offers insights into the credit repair and improvement process.
Kevin discusses the factors that affect credit scores, including payment history, credit card utilization, aged credit, new credit, and credit variety. He provides tips on optimal credit card utilization and strategies for managing inquiries.
Kevin also highlights the significance of educating children about credit and shares upcoming changes in the credit industry. He encourages listeners to take action and seek help if needed.
Takeaways
- Take accountability for your life and work on improving your credit health.
- Understand the factors that affect your credit score, including payment history, credit card utilization, aged credit, new credit, and credit variety.
- Maintain a credit card utilization rate between 7% and 15% for optimal credit score improvement.
- Be mindful of inquiries and strategically manage them to minimize their impact on your credit.
- Educate children about credit and consider adding them as authorized users on your credit cards to help establish their credit history.
- Stay informed about upcoming changes in the credit industry and adapt your credit management strategies accordingly.
