Jan 26, 2022
Summary:
How can you reduce your balances and raise your credit score?
Credit expert Paul Oster comes on the show to discuss this. As a
result of the pandemic and the holidays, many adults have increased
their credit balances significantly. It is highly important to
analyze bills to minimize this debt, and closely track your
spending. Tune in to hear more about how you can avoid credit card
debt and make positive changes within your spending.
Highlights:
-Holiday spending returned to somewhat normal levels
-Close to 50% of adults with a credit card debt increased these
balances, not just over the holidays, but over the course of the
pandemic
-The number 1 priority for people should be minimizing credit card
debt
-It can be extremely beneficial to minimize subscriptions
-Most consumers spend little or no time minimizing their credit
card statements
-Your credit score is either going to cost or save you money every
month
-Get copies of your credit report frequently to keep up to date
with spending
Useful Links:
Financial Survival Network
Better Qualified
Student Loan Forgiveness with Paul
Oster
Paul Oster – Millennials Messing Up
with Too Little Credit?