05 Sep Ep. 56 Credit Myths with George DeMare of Endeavor Capital Mortgage
Email questions to PODCAST@HermannLondon.com
0:46 Adam introduces George DeMare from Endeavor Capital Mortgage
1:10 You can also check out episode 41 about credit repair
1:42 Why does credit matter?
2:00 How does my credit score affect my homeowner’s insurance premium and credit card interest rate?
3:40 Should I check my credit score every year?
4:25 What is AnnualCreditReport.com?
5:00 Do credit reports show my credit score?
5:50 When buying a house how soon should I talk to a lender?
7:38 What factors affect my credit score?
10:20 Why do people use their credit card like it’s not their money?
11:19 35% of your credit score is your payment history
12:54 Will paying an old collection off help or hurt my credit score?
13:50 How long does it take for an old collection fall off of my credit score?
14:48 What is a charge off?
15:28 Does every creditor report to the credit agencies?
17:05 30% of your credit score is amounts owed a.k.a. your credit utilization rate
18:18 What is a rapid rescore?
24:40 Is it a good idea to pay down an auto loan faster?
26:25 15% of your credit score is length of credit history
27:55 What is the difference between a regular credit card and a secured credit card? Should a parent get their teenager a secured credit card?
30:00 10% of your credit score is new credit
30:40 What is a hard pull/ inquiry and does it drop your credit score? What happens if my credit is checked multiple times in a short amount of time?
31:50 What is a soft pull and does it drop your credit score?
34:45 Should I cancel a credit card that I’m not using?
37:25 10% of your credit score is the type of credit used
39:51 What is the highest credit score George DeMare has ever seen in 25 years?
41:16 What is OptOutPreScreen.com and how does it help cut down on the junk mail?
41:45 Contact George DeMare by calling 314-378-0331 or emailing GDemare@ecapmortgage.com