5 Credit Score Myths (How FICO Actually Works)

Do you need to carry debt to have a good credit score? Do you have to pay thousands of dollars in interest to achieve a perfect 800? In this video, I'm going to discuss 5 myths about Credit Scores, and simple steps you can take to build a perfect score.

Quick Jump Sections
0:00 - Intro
0:26 - Myth #1
1:50 - Myth #1 - Takeaway
2:05 - Myth #2
3:40 - Myth #2 - Takeaway
4:08 - Myth #3
6:20 - Myth #3 - Takeaway
6:36 - Myth #4
7:30 - FICO Score Ranges
11:29 - Myth #5
12:19 - Last 3 FICO Score Factors
13:58 - Bottom Line on FICO Score

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