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We’ve all been told that our credit scores matter — but what does that really mean?
A high credit score can open doors. It can help you get a lower interest rate on a car loan, qualify for a mortgage or even make it easier to rent an apartment.
But a lower score? It can quietly cost you thousands of dollars in higher interest payments over time — money that could be going towards your savings, your home or your future.
Coming up at 9 a.m. on Monday, MPR News guest host Catharine Richert talks with a financial coach about what determines your credit score, simple steps to improve it and the smart choices that can strengthen your financial health for years to come.
And we want to hear from you, too.
What questions do you have about building credit? What’s something you wish you had known earlier?
Call us during the 9 a.m. hour at 651-227-600 or 800-242-2828.
Guest:
Demitri McGee is a financial coach, certified housing counselor and youth director at Build Wealth Minnesota, a nonprofit opportunity center dedicated to helping families through financial education, personalized coaching and community-based programs.
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