Credit Scores: How They Work & Why They Matter

It’s one of the most misunderstood numbers in personal finance, and yet it can shape everything from your mortgage rate to your insurance premiums. In this episode, Mark breaks down what your credit score actually measures, why it matters even if you're financially comfortable, and how small, consistent habits can make a big difference over time.

Here’s what we discuss in today’s show:

📉 One error that can drag your score down fast

💳 The 30% rule for smart credit card use

📊 How small habits affect your credit over time

🔐 Why closing that old credit card might backfire

🔎 Why it’s important to keep an eye on your credit score

Resources for this episode:

Bankrate: https://www.bankrate.com

Want to get in touch with Mark?

Web:

https://silverman-associates.com/home

Email:

[e-mail]

Phone:

520.512.8832