What makes up your Credit Score? (Pie Graph and 3 reasons I don't like it)

If you ever google, "What makes up your Credit Score?", you will probably get a response back with a pie graph. Jess and I go through what this is and the 3 reasons I am not a fan.
Full Episode - Why a High Score is not Enough): kzbin.info/www/bejne/eGHKoJKfjq9om6s
Resources:
- The Score you see is not the one the banks use - kzbin.info/www/bejne/bIq3iHd3ecybfpY
- How Important is the score in Canada - kzbin.info/www/bejne/ql7Gi4OLl72Uetk
- What affects the score in Canada - kzbin.info/www/bejne/rH-xYqx4nqmKfpo
- How to Dispute errors on TransUnion - kzbin.info/www/bejne/Z4fTpWN7eKqrq68
The Fastest way to build your Credit - kzbin.info/www/bejne/f5u3f5-gqpyWo5Y
MY STREET CRED
- creditgame.net/street-cred/
RESOURCES BOOK
- The Credit Game - www.amazon.ca/Credit-Game-Rules-Ever-Canadian/dp/B081D9SW18/ref=sr_1_1?crid=10GHO4KBFX7K1&keywords=The+credit+game&qid=1654099846&sprefix=the+credit+gam%2Caps%2C100&sr=8-1
FOLLOW US:
WEBSITE - creditgame.net/
PODCAST - On Apple, Google, Spodify, and others
FACEBOOK - search/top?q=the%20credit%20game
INSTAGRAM - creditgamecanada?hl=en
TIKTOK - www.tiktok.com/@creditgamecanada
ONLY FOR CANADIAN MORTGAGE PROFESSIONALS
*If you are a Canadian mortgage professional below are the links to the private pages*:
Facebook: groups/731868324863099
Linked: www.linkedin.com/groups/14056075/
DISCLAIMER This KZbin channel is produced for your general education and entertainment. We have done our best to ensure that the information provided is correct and helpful, however, nothing on this KZbin Channel should be considered financial advice. We cannot be held liable without knowing your specific credit or financial situation. Email me directly at [e-mail] if you would like a one-on-one consultation.
#creditscore #creditgamecanada #credittv

[@kewtd72]

Ok so once i make it to 800 score can i just close all my credit cards and it will stay at that number or do we need to keep on paying credit cards to keep the score at its current number? Honestly i am starting to hate money and i would prefer just to have my savings accumulate funds rather than keeping track of all these dumb ass cards just to build a credit score.

[@CreditTV]

Unfortunately, you have to keep using the credit card every few months to keep them active. Here is what will happen if you close a credit card - kzbin.info/www/bejne/aneympalqLuVpJo

[@kewtd72]

@@CreditTVok i watched the vid and thanks for the tips, wow this credit stuff is annoying and evil we lose more points closing a card other than gaining which makes no sense lol. ok so i guess i can just use it to pay my utilities since that is a never ending payment and the credit card will stay active.

[@CreditTV]

@@kewtd72 Happy to help. I hear you, the rules don't always make sense.