If you think you already understand credit, this episode is your reminder that the rules are changing and not always in your favor.
In this rerun of Give Me Credit Podcast Episode 10, credit expert John Mackey and mortgage underwriter JS Whaldo go back to the foundation of consumer credit protection: the Fair Credit Reporting Act. We talk about why it exists, what rights it gives you, and why so many consumers still do not know how to use it.
This conversation also looks ahead. Buy Now Pay Later accounts are creeping into credit reporting. New scoring models, such as FICO 10T, use trended data to evaluate your habits, not just your balances. That means how you use credit over time matters more than ever.
Yes, some of this will sound familiar. That is intentional. Adult education works through repetition, especially when the stakes are your financial future.
If you have ever assumed credit reporting was something that just happens to you, this episode is your cue to take the wheel.
Listen here and get reacquainted with the rules that shape your credit life.
JS WhaldoGive Me Credit Podcast found on Mortgage Lending Explained
You can also follow the J.S. Whaldo Travel and Lifestyle Blog at www.JSWhaldo.com
