In this eye-opening episode of Earn Your Leisure, we had the pleasure of interviewing Shonda Martin, an expert in personal and business credit. Shonda delves into the intricacies of building a robust credit profile, sharing invaluable advice and strategies that go beyond just the numbers. Tune in as we cover essential topics including:

- The significant role of personal credit in business credit development.
- Effective ways to handle late payments on your credit report.
- Why a healthy credit profile matters more than your credit score.
- Achieving financial flexibility with a 680 credit score.
- The risks of co-signing and how it affects your credit.
- Regularly boosting your credit limit for financial health.
- The impact of student loans on your credit score.
- Understanding the true nature of credit card usage.
- Strategic payments to enhance your credit score.
- How high credit card balances can lower your score.
- The right time to start building your child's credit.
- Common parental mistakes in managing their child's credit.
- Knowing when and why to close a credit card.
- The optimal age for adding your child to your credit card.
- Steps to building a strong credit profile.
- Key FICO scores to be aware of.
- Solutions for managing credit card debt.

Don't miss out on these crucial insights that could transform your financial journey. Whether you're repairing, building, or maintaining your credit, Shonda's advice is a game-changer.

#EarnYourLeisure #CreditTips #FinancialFreedom #CreditScore #PersonalFinance #BusinessCredit #CreditRepair #FICO #DebtManagement #financialeducation

0:00 Intro
1:22 Shonda’s Start with Credit Repair
3:17 FICO’s Credit Certification
4:52 The 3 Main Credit Bureaus
7:17 Factors that Affect Credit Score
10:33 How Credit Utilization Works
11:49 First Step to Building a Healthy Credit Profile
15:12 How to Effectively Use Credit Cards
17:51 When to Ask For a Credit Limit Increase
19:58 How to Avoid Pitfalls
21:52 Establishing Credit at a Young Age & Authorized Users
28:50 What Credit Score Should Everyone Aim For?
31:49 Credit Myths
34:30 How to Challenge your Credit Report
37:55 How Long Late Payments Stay on your Report
40:27 Common Co-Signing Mistake
42:41 Credit Consolidation Explained
45:22 Any Credit Score can be Fixed
47:00 How Rising Student Loans will Affect our Future Credit
49:27 Options For Dealing with Bad Credit
55:36 Business Vs Personal Credit
1:00:14 How Many Credit Cards Should You Have?
1:01:47 How Often Should You Check Your Credit?
1:03:24 How Shonda Teaches Credit Repair
1:04:39 Outro