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January 25, 2022 13 mins

Welcome to the Balanced FI Podcast, episode 33 - The 4 Cs of Credit: What You Need to Know

Although you probably haven’t heard of them, the 4 Cs of credit are:

  • Capacity to pay the loan back
  • Capital
  • Collateral
  • Credit score

Improving one or all of these areas can greatly improve your odds of being approved for a mortgage or getting a better interest rate.

 

FIND US:

Balancedfi.com -- Podcast -- Facebook -- Instagram -- Pinterest -- Hello@balancedfi.com

 

RESOURCES:

Read: The 4 Cs of Credit: What You Need to Know

Read: Do You Need a Credit Score While Debt-Free?

Resource: Experian

Resource: Equifax

Resource: TransUnion

Resource: Loan Savings Calculator

Resource: National Foundation for Credit Counseling

 

SOURCES:

Source: What’s in my FICO Scores?

Source: What Is a Credit Score, and What Are the Credit Score Ranges?

Source: How Credit Score Affects Your Mortgage Rate

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