Balanced FI Podcast

33. The 4 Cs of Credit: What You Need to Know

Episode Summary

In this week's episode, we are discussing the 4 Cs of credit and how they impact your ability to get a mortgage. The 4 Cs are: capacity, capital, collateral, and credit score. This episode will give you tips for improving each C when you apply for that mortgage… but you could also use this knowledge to improve your finances overall.

Episode Notes

Welcome to the Balanced FI Podcast, episode 33 - The 4 Cs of Credit: What You Need to Know

Although you probably haven’t heard of them, the 4 Cs of credit are:

Improving one or all of these areas can greatly improve your odds of being approved for a mortgage or getting a better interest rate.


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Read: The 4 Cs of Credit: What You Need to Know

Read: Do You Need a Credit Score While Debt-Free?

Resource: Experian

Resource: Equifax

Resource: TransUnion

Resource: Loan Savings Calculator

Resource: National Foundation for Credit Counseling



Source: What’s in my FICO Scores?

Source: What Is a Credit Score, and What Are the Credit Score Ranges?

Source: How Credit Score Affects Your Mortgage Rate