Financial Education
Knowledge Without Action Is Just Expensive Entertainment
Knowledge Without Action Is Just Expensive Entertainment
At Big Brain Financial Coaching, we believe that lasting financial transformation doesn't come from a credit dispute letter — it comes from education, guidance, and empowerment. That's why financial literacy is at the heart of everything we do.
Understanding these factors is the first step to mastering your credit
The most important factor. On-time payments build trust with lenders.
Keep your credit card balances below 30% (ideally under 10%) of your limits.
The longer your credit accounts have been open, the better.
Having different types of credit (cards, loans, etc.) shows you can manage various accounts.
Too many hard inquiries in a short time can hurt your score. Be strategic about applications.
Don't let these misconceptions hold you back
TRUTH: Checking your own credit is a "soft inquiry" and does NOT affect your score. You should monitor your credit regularly.
TRUTH: Closing accounts can actually HURT your score by reducing your available credit and shortening your credit history. Keep old accounts open and occasionally use them.
TRUTH: You don't need to pay interest to build credit. Paying your balance in full each month is the best strategy.
TRUTH: Paying a collection changes the status from "unpaid" to "paid," but it can stay on your report for 7 years. Strategic disputes may be more effective.
TRUTH: You have multiple credit scores from different bureaus and scoring models. Lenders may use different scores for different products.
TRUTH: Legitimate credit repair using consumer protection laws (FCRA, FDCPA) is legal and effective. The scam is companies that make impossible promises or take money without providing real service.
Bad credit doesn't just block your score — it blocks you from building wealth.
3.5% interest rate
$1,347/month
5.5% interest rate
$1,703/month
Difference: $356/month
That's $128,160 over 30 years!
Good credit isn't just a number — it's freedom, opportunity, and wealth.
In-depth guides to help you build lasting financial success
How to create a budget that actually works and helps you reach your financial goals.
Read Article →Learn the difference between good debt and bad debt, and strategies to manage both.
Read Article →Why every household needs an emergency fund and practical steps to build one.
Read Article →A complete guide to establishing credit when you're starting with no credit history.
Read Article →Understanding your money mindset and breaking the habits holding you back.
Read Article →How to financially prepare for life's biggest purchases: homes, cars, and more.
Read Article →Education is just the beginning. Let us help you apply this knowledge with personalized coaching and a proven roadmap to financial success.
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