Understanding Credit, With Lauryn Williams and Chloé Moore

Worth Listening with Lauryn Williams

Welcome to Round 2 of the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They will take you behind the numbers with real-life examples of financial situations to help you gain confidence and clarity to control your financial destiny.

Credit is a super popular topic. And there’s a myth that because you have good credit, you’re in good financial health. Chloe and Lauryn constantly see people getting taken advantage of by people on social media, promising to help others fix their credit. Your credit score is not the end-all-be-all, and good credit doesn’t mean you have good financial habits.

So, Chloe and Lauryn are going behind the numbers to help you understand what you need to know about credit.

In this episode, Lauryn and Chloé talk about:

• The BIG myth around your credit score

• The details about your credit report and credit score

• What “good” credit actually means, and what it can do for you

• Why a good credit score isn’t an indicator of financial health

• How to check your credit report three times a year & why you should

• Types of credit

• How to be smart with credit

• What to think about before “credit card hacking”

If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:

• Instagram: @worthwinning

• Twitter: @worth_winning

• Facebook: @worthwinningfp

• LinkedIn: @lauryn-williams

If you want to connect further with Chloé Moore:

• Instagram: @financialstaples

• Twitter: @finstaples

• Facebook: @finstaples

• LinkedIn: @chloemoore

Shared quote:

“It’s foolish to buy something that’s overpriced; more foolish, if it’s unnecessary; and even more foolish, to buy it on credit.” ― Mokokoma Mokhonoana

RESOURCES MENTIONED:

• Annual Credit Report

• I'm a financial planner, and I think my credit-score obsessed clients are focusing on the wrong thing

• Credit Scores & Credit Monitoring

• What is a FICO score?

Lauryn is hosting two Welcome to Wealth financial retreats this summer for young professional women. Want to go on an adventure and create a financial plan for your life? Learn more at the links below.

• Medellin, Colombia July 2023

• Bali, Indonesia August 2023