{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Is FICO Really the Problem, or Do We Not Know How to Play the Game?","description":"Many of us weren\u2019t taught how credit scores work or how to manage credit effectively\u2014we often learn the hard way. As both a landlord and hard money lender, I rely on the FICO system to evaluate potential residents and applicants. But as a borrower, it can feel like this system is designed to punish rather than help. If you\u2019ve ever felt frustrated with your credit score, you\u2019re not alone. It\u2019s easy to believe the system is unfair, especially when a few mistakes can cause a significant drop. But the truth is, FICO isn\u2019t out to get you\u2014it just operates by a set of rules that most of us weren\u2019t taught. This episode explores the realities of the FICO system, breaking down how it works and how you can use that knowledge to your advantage. By understanding the factors that influence your credit score\u2014like payment history, debt burden, and credit utilization\u2014you can make informed decisions that positively impact your financial health. It\u2019s not about fighting the system; it\u2019s about learning how to make it work for you. If you\u2019re ready to take control of your credit journey and stop feeling at the mercy of a number, this episode offers insights that could change the way you approach your finances. What\u2019s one thing you\u2019ve learned about managing your credit? Share your thoughts in the comments and don\u2019t miss the July 22nd episode for hacks on improving your credit score. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn Facebook YouTube Tweeting on X ","author_name":"W2 Capitalist | For BRRRR-ing, Married, Busy Parents","author_url":"https:\/\/www.w2capitalist.com\/podcast","html":"