In this episode, Mike discusses credit scores and credit card statements. He explains the components of a credit score, including payment history, utilization, average credit length, new credit, and credit mix.Episode Time Stamps:00:00 Intro and the basics00:57 Components of a Credit Score02:21 Payment History and Utilization02:49 Average Credit Length and New Credit04:17 Credit Mix04:46 Understanding Credit Card Statements06:38 Payment Due Date and Interest07:34 Importance of Making Payments on Time08:33 Managing Credit Utilization09:28 Strategies for Low Credit Utilization12:22 Strategies for Average Credit Length13:44 Keeping Oldest Credit Card Open16:36 Improving Bad Credit20:28 Increasing and Decreasing Credit Limits Keep Up With Daily Drop:Read the newsletter: <a href="https://www.dailydrop.com">https://www.dailydrop.com</a> Join the Lounge: <a href="https://www.facebook.com/groups/dailydroplounge">https://www.facebook.com/groups/dailydroplounge</a> Check out our top cards: <a href="https://dailydrop.com/pages/our-top-credit-cards">https://dailydrop.com/pages/our-top-credit-cards</a> Follow along on Instagram: <a href="https://www.instagram.com/dailydrop/">https://www.instagram.com/dailydrop/</a> Hang out on YouTube: <a href="https://www.youtube.com/@DailyDrop">https://www.youtube.com/@DailyDrop</a> Prefer a video podcast? Head over here: <a href="https://www.youtube.com/@DailyDropPodcast">https://www.youtube.com/@DailyDropPodcast</a>

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