EP. 121 - Money Expert: These 3 Mistakes Are Damaging Your Credit Score…! ft. Ella Ensures

Joining us in the booth this week is Ella who is a Money Expert & Insurance broker.

In this episode we discuss

• Good credit conduct vs bad credit conduct
• The pro’s of good credit and the con’s of bad credit
• Common ways people default on their credit accounts
• How to check your credit score for FREE
• How to avoid paying lenders interest
• Leveraging credit for your benefit & to make money
• Tips to stay disciplined when using credit cards
• Consequences of missing payments, defaults, CCJ’s
• How to get rid of a CCJ
• 3 ways to improve your credit score/report an much more!

Connect with Ella on Instagram here: https://www.instagram.com/ellaensures

Connect with Ella through her website here: https://ellaensures.co.uk

Follow me on: 

• Instagram - https://www.instagram.com/savvywallet
• Tiktok - https://www.tiktok.com/@savvywallet

Check out: https://www.youtube.com/savvywallet for the video version

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Timestamps

00:00 - Preview

01:15 - Intro

01:51 - Meet Monet Expert & Insurance Advisor Ella

03:53 - What is credit?

06:18 - What’s the difference between your credit score and credit report?

07:41 - Good credit conduct vs bad credit conduct

09:12 - Many people get defaults this way!

11:38 - How many credit reports/scores do you have?

14:47 - This legal reason this info stays on your credit report for 6 years!

18:09 - I wouldn’t recommend getting things on bad credit..!

20:00 - Pro’s of having good credit conduct

25:41 - Applying for credit impacting your credit report ?!

30:23 - What to do when you’re declined for credit?

31:27 - How to check your credit score for FREE!

32:51 - How to make money using credit

35:51 - How to use Credit cards for your benefit!

39:00 - How to avoid giving the banks interest!

41:41 - Who shouldn’t get a credit card!

44:05 - Tips to stay disciplined when you take out credit (mortgages, car finance, loans etc)

46:19 - Consequences of missing payments on credit you’ve taken out

47:46 - How to get rid of a CCJ

51:52 - People being scared to get credit…!

53:09 - 3 ways to improve your credit score & credit conduct

54:29 - Only 38% of adults have life insurance! 35% of that 38% are Women!

59:43 - Final words

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