10 Advanced Secrets of the 800+ Credit Score Club | Ep 91

James: Look, we all know the regular advice to have a high credit score. Don't use a lot of credit unless you need to pay off your bills, that kind of stuff. This is not what this podcast is about. We're talking about advanced stuff. We're gonna get highly specific, highly tactical. So if you care at all about your credit card score.

This is the episode for you. It's going to be awesome on the Furlo Capital Real Estate Podcast because we are diving into the intricacies of passive real estate investing. And it turns out your credit is important when you are investing, and our mission is to equip people to invest wisely in both properties and people so that together we can build wealth while improving housing.

I'm James, and this is my wife, Jessi.

Jessi: Hey, I was just thinking about, I don't know why I was ruminating on this, but I was thinking about like. What are some of your favorite things? I, I think it was because Raindrops

James: and Roses.

Jessi: Not quite, but I, I think it was because, like previous to this, we were trying to get our dog situated and I was like, okay, I gotta find like his favorite Chewy, and it's this nasty, like, meaty beef tendon thingy.

I, I don't know. He loves this thing. He does, and it's the, by far, the longest lasting chewy we've found. It's great. Shout out to Mud Creek, mud Pets, whatever that place is.

James: Yeah. Eventually he's gonna hit that camera 'cause he is doing right next to Oh, he's, yeah, he's right next to it. But he does love it.

But then

Jessi: it, it got me thinking like, oh man. Like we each have those things that are like mm-hmm. This is super important. This is super special. And like a credit score. Like a, yeah, exactly. And I mean, for some people maybe.

James: Okay. Okay.

Jessi: Or like, like our kids have blinkies, you know, it's like they don't go anywhere overnight without their blankie.

Mm. Like that is an important,

James: do you know what yours is? Can I put you on the spot?

Jessi: I don't know. Like I was trying to all. I was trying to think through, like, I probably, my wedding ring is like one that's like, oh my gosh. I would feel weird if I didn't have that. Yeah. Or if I, if it was lost, I'd be like, ah, we need to find it.

James: I've started adopting your trick with with my ring where we have one of our vehicles, a Jeep. Mm-hmm. You turn on the lights. There's no signal that the light is on. It doesn't ding at you or anything. So if you leave when it's dark out and if you arrive when it's kind of light, it's a very high probability that you forgets that your lights are on.

Yes. And so I've gotten into the habit now of when I turn on the Jeep Lights, I switch my ring over to my other finger. Yep. Which feels really weird. Yeah. But that's the point. Because I, like, I never forget now that the lights are on. Yep. And so that's one of my favorite things. Little, little life hacks and tricks.

There you go. Which these, what I'm about to talk about are not necessarily hacks, but these are, again, they're like, these are the fine details behind. What it takes to get a high credit score.

Jessi: Interesting.

James: Yeah. Now what's, what's interesting is that like, it's not just about the vanity number, right? Like, how do I get to the above 800?

It's really like, how do I, how do I target certain scores? How do I hit certain thresholds so that I can just get really good deals? Hmm. On things?

Jessi: So tell me like, before we get into these tips or strategies or whatever, why is a credit score important for investing? I think I know because, well, part of it's gonna

James: depend on the type of investing you're doing.

Right? Okay. If you are buying the property and getting debt yourself mm-hmm. They care about your credit score and whoever's lending the lender does.

Jessi: Yeah. Okay.

James: Yeah. That's the big thing. And now if you're investing passively in other deals, it's not as important, but it is super helpful to still be a good financial spot.

And

Jessi: that's, that's because I think, as far as I understand, credit scores. If it's higher, then you are a more reliable lendee. Yeah. Like you tend to have paid things on time and repaid things back. Correct? Correct. Yes. And you don't have a lot of debt Outstanding uhhuh and all those sorts of things.

Yeah. Yeah. Okay. So it is important. If you're gonna borrow money.

James: If you're gonna borrow money, this is really important. Okay. And a lot of the high net worth individuals who listen to this podcast, thank you so much. Those are people who are borrowing money. Sure. Yes. They are investing with us, but they're also borrowing to do other stuff.

Mm-hmm. You know, I, I get, I'm not the only game in town for people in this positions. Sure. And so that's why I'm just trying to help 'em out, make sure they're in a good spot. All right. So the first one is that you optimize for pricing tiers, not perfection. So here's the thing. When you look at mortgage, like pricing stuff.

Speaker 3: Mm-hmm.

James: Typically with a mortgage, a seven 80 is the same as an eight 50. Oh. As far as they're concerned. So you don't necessarily care about saying, I want to get the maximum highest score possible. It's like, I just wanna hit certain thresholds. And that's what people like. That's, that's what you care about.

Are there like

Jessi: outlines of these thresholds somewhere? So, you know, like.

James: Well, it's gonna depend on the institution, but that's the kinda thing where you have a conversation with whoever you're lending with and be like, okay, hey, what is that next threshold? And then the next tips will tell you or give you ideas for like how to get there if you're not in the 800.

Okay. Obviously, if you're already in the 800, you're good. Don't worry about it. Yeah.

Jessi: You're great.

James: People who strive to be there. Sure. Yeah. Yeah, so like for acquisitions, again, like we were talking about getting lending like seven 80 is usually, once you hit that, you're fine. You don't need to do you, you're better off to spend your efforts in other places, like your debt to income ratio or building up your reserves.

Okay. Or doing some other things. Sure. And that's the point I guess is like if you're, once you're at seven 80, don't worry about it. Move on to something else. 'cause it's the tears that matter. So

Jessi: really this should be like. Tips or strategies to get you to seven 80?

James: Yes, but that doesn't sound high school.

That doesn't sound as cool.

Jessi: 800 does sound better.

James: Here's the other interesting thing is that they tune their score to the model that the lender will use. Mm-hmm. So. Turns out there's more than one credit score. What I know, right? So you why there's your classic fico sometimes called a FICO 10 T, but then there's also the Vantage 4.00 my word, which is a different way of doing the math that bunch of the credit.

Credit unions? No. Credit bureaus have gotten together and said, Hey, here's a new modern way, huh. More accurate way for us to evaluate it. Okay. And I already know you're gonna ask me what the difference is and I looked it up and managed to not write it down. So That's awesome. But essentially it has to do with like.

Not just the number of, like, one of 'em is about the, the number of transactions and payments, which I think is the classic one. Whereas the vantage is more about the quality of them and the mix of them and the amounts of them. Oh, it's a interesting, it's more of a blended type of number.

Jessi: Interesting. So, so it's more weighted almost.

Yeah. Like if you, if you borrowed money to do something risky and then you paid it back, it counts for more than, well, I don't

James: know if they've. They do the risk, but the amount that you borrowed matters. Yeah. Strange. When you borrowed, it matters. The type it was, whether it was a credit line or a loan, like all those play into it does it also, and the variety matters.

Jessi: Okay. Does your, does your credit score also depend on, I guess, is it only dependent on money that you've borrowed or does it also consider like regular payments that you make?

James: What's the difference?

Jessi: Well, like if you have a utility payment, you, you're not borrowing money, you're just making a payment like a bill.

James: That's interesting. And you pay it on time? Well, it's all about whoever reports to the credit agencies. Oh, interesting. And typically is just borrowers. Okay. Because they're trying to help each other out. Sure. Because if you're borrowing money, now I care about your credit worthiness. If you're just making payments, I care less about it.

Sure. There are some times, like some organizations like tenant software mm-hmm. Where we'll report tenant payments. To bureaus to help tenants build up their credit. Sure. Or, you know, hurt them, whatever. It's usually, usually talked about. I'll help you build your credit, is usually how it's talked about.

Mm-hmm. Yeah. But typically it's for, for lenders. Alright. So what you wanna do is you want to ask what type of credit score are you using? Are we doing the classic one or the vantage? And then depending on that one, like ask 'em like, well, what are the things that weigh it? Okay. And, and then you specifically Yeah.

Focus on those areas. On those areas. Exactly. Number three. I thought this was super interesting when I was reading about it. Essentially, you, yeah, you engineer what is reported based on the statement date, not the due date of your credit, of your payment. So for example let's say you have a mortgage that's due on the first.

Mm-hmm. But the statement is actually. Published on the 31st.

Jessi: Okay.

James: Does that make sense? Yeah. Or let's say you have a credit card where you have a due date on the fifth, but the credit card statement is on the 28th. Mm-hmm. And so what happens is, even if you're a, they have a nice little acronym for this, a pif, a pay in full type of person.

Yeah. What they talk about is that, let's just, let's go with that hypothetical. You pay on the fifth, but the credit card statement's on say like the 25th of the month.

Speaker 3: Mm-hmm.

James: Even though you constantly pay it off on the fifth. You will always show a balance on the statement on the 25th. Interesting. So what you do, you should

Jessi: pay earlier.

James: You should pay on the 24th.

Jessi: Yeah.

James: Yes. And so you wanna pay attention to the statement date, not necessarily the due date.

Jessi: Weird.

James: Oh, I told you. Advanced strategies. You're welcome.

Jessi: Yeah, it, it kinda makes sense because on paper it looks like you had a balance and you paid it off as opposed to you just.

Constantly paid things off. You were borrowing, but paying back. This is,

James: and, and this concept's gonna become really important for the next thing we're gonna talk about. Mm-hmm. Which is your credit utilization. Mm-hmm. Amount. But in general, you want to keep it low.

Jessi: I see. I always thought like, I don't know, I,

James: oh, we're gonna talk about it next, but keep going.

What do you, did you always think,

Jessi: I always thought that people were like, you should have a balance and then you should pay it off. 'cause then it, then it shows. The amount, you know, of like, yeah, I borrowed this money and I was responsible. I paid it off.

James: So here's, here's the advanced tactic for that, which we're, we're getting into number four now.

Mm-hmm. Which is totally cool 'cause they're related. Yes. You do want to have a small balance on one card. What? That's it. All your other ones ideally are zero and you show a small balance on the one and ideally less than 10% of your overall balance.

Jessi: Okay.

James: Which is, and and honestly it's so wonky. There's a balance of like your overall credit utilization and your single card credit utilization.

So let's just say, so weird. You've got, I don't know, I'm trying to think of I'm trying to make this math work. Let's say you're crazy and you've got 10 credit cards that you're balancing. Okay. Again, it's crazy. And on each of 'em you have a $10,000 balance. Mm-hmm. Right? In theory. You be like, oh, if I wanna be under 10%, I wanna have one card with like a $9,000 balance.

Mm-hmm. And it's like, yay. My overall credit utilization under 10% life's good. But for that single card, it is now spiked up to 90% utilization. And that actually hurts you. And so you're trying to balance all of them out as a general rule. Pay off your cards. Yeah. Like that's the, as a general rule. And then for one of them.

Keep a, keep a very small balance on it just for that round. Why? Because the, you do want to show that you are using them.

Jessi: Oh, okay. So it, it's not just the fact that you have a credit card open. You have to. You have to borrow against it and pay it. Pay it off. So

James: FICO itself notes that a 0% revolving card can be slightly riskier than a small reported balance.

Interesting. Yes. Because they're like,

Jessi: you have credit that you're not using.

James: Yeah. Maybe you're keeping the power dry for something. Sure. They're not sure.

Jessi: Interesting. And

James: obviously for riskier, what they're, they're just basing it off of historical trends. Sure. Who keep it. Zero. All of a sudden something bad, like statistically something bad happens or they whatever.

Sure if, if a balance isn't there, but if you constantly have one and you're constantly making payments, they go, all right. Like, they've lived this dream. They're not freaking out. Yeah. Or the fact that they have a balance. Hmm. Yeah. The the, the sweet spot is called a, these acronyms are killing me. Aeo.

All zero except one small balance,

piff easier. So that's so that's the, that is the advanced strategy is it's a small balance just on one and. So, and the way you pull that off is by paying off each of them right before the statement, not the due date. Okay. So it's the combination so they work together. Yeah. Because otherwise you think like, I'm paying off my card all the time.

Yeah. Why are these all showing a balance? Sure. It's like, well, 'cause you're paying off at the quote. Wrong time.

Jessi: Yeah.

James: Weird. Yeah. And you can pay attention to that. You just get a couple statements from the website.

Jessi: Yeah. They tell you on there what the statement date is versus the due date.

James: By the way, a super advanced move for that kind of thing is like, let's say that you are trying to go do something and, and your balance is like.

You haven't been quite playing that game. You can do what's called an off cycle report. So you can pay down several balances at once and then they should push all those updates within 48 to 72 hours and then you can say, Hey, let's do an off cycle report, and, and they'll pull it again and it should show balances are down and improve your score.

Jessi: Weird. So it matters like when you pull your score also? Yeah. Depending

James: on, well, because Well, no, no, no, no. Your score is updated after every statement.

Jessi: Oh.

James: And so you're saying, I know that was the last statement. We're gonna ignore that. We're gonna do an off cycle one. Got it. Pull it again, even though I don't have a statement.

Yep. That's the idea. Huh? But you ask your you ask your issuers if you know whoever you have your credit card with, for them to do an off cycle report. Okay. To the bureau and then they update their stuff. Cool. It's a great idea. Yeah. All right. So that was four, five. They segregate spending. 'cause how about this?

Business cards don't always report to your personal credit.

Jessi: That makes sense.

James: And so you, you know, if you've got a business, it's a separate

Jessi: entity. Yeah.

James: Spread it out. And so what they talk about is, let's say you've got like a, a big advertising or renovation month that's coming up. Mm-hmm. It can tank your utilization.

Jessi: Oh, right. Your

James: balance goes way up. And they say some, like many, like it's saying here, Amex Chase City, they don't actually report regular activity on your personal files, though. Some like Capital One, which is what I have they do. Oh

Jessi: no,

James: I know.

Jessi: Time to switch. So they, it's

James: two. Yeah. And so if you've got big projects, you just gotta think about, you know, for your own personal score.

Does it make sense? To do it on a business card or your personal one. Mm. Because if you do a big thing, boom, it'll spike it. Yeah. Hurts your utilization rate and Wow. Hurts your score.

Jessi: Hmm. So, so, okay. Did I hear this right that they pull your score after every new statement?

James: Well, it's like a dynamically calculated score based off statements.

Jessi: Okay. So it does, the timing does matter. As far as like,

James: yeah, if you're gonna do a project and you're not going pull up any credit for the next six months, who cares? Just do it wherever. It's, if you know you've got something coming up, that's when you, you know, if you're never gonna borrow again, your score doesn't matter.

Jessi: Right. Yeah. Which, which makes sense. But thinking about the timing of which I, I, I remember us having certain conversations about like, okay, well when we wanna buy a property or we wanna buy a house. Like, let's wait on some of these other expenses. So our credit score, you know, is I, I don't know, idealized or whatever.

Yeah. And then we can do some of these other purchases afterwards.

James: Yeah. There's actually some really interesting math that some people do. If you're trying, like if you're trying to get a mortgage, there's a couple things that you can do to play with the numbers. Like oftentimes you can quote, buy down a point on your mortgage.

You pay some money up front, you can buy down a point. Depending on where you are in your credit score tier uhhuh, you're better off to not buy down the point, but to actually go pay off some debt, get into a higher tier, and that automatically lowers your interest rate. Now, sometimes when you buy back a point, it's all bundled into mortgage, so you don't actually actually come up with any cash.

Mm-hmm. So, you know, depends on where you're at, but in some situations you don't wanna bite on the point. You wanna get rid of a balance. Lower utilization hit that new tier. Rate goes down. Awesome. Huh? And it, it's actually cheaper in the very long run to do it that way. So who tells

Jessi: you about this

James: kind

Jessi: of

James: stuff?

Podcast like this? Of course, because

Jessi: like, I don't, your bank doesn't tell you that about your mortgage and like, no, I don't know the FICO people or

James: No, what, what you do is what I do, which is you spend a couple hours doing research. Learning all about it. Okay,

Jessi: so you heard it

James: here.

Jessi: This is where you're gonna find,

James: yeah, the

Jessi: secret information for

James: That's the trick.

Optimizing your credit score. It's out there, you just gotta find it all. Yeah, no, it's super true. Like, oh, how about this one for example here's an advanced one is here you are looking to do something. If you're looking to get credit, there is a window of time. Where you can ask everybody and it doesn't hurt you.

Okay. So as a general rule, you get the inquiries thing. Sure. Like, oh, too many inquiries. Yeah, that's kind of true. Mm-hmm. But as long as you are talking about asking about the same thing. So like if you're looking for a mortgage after you do that first one, there's like a 45 day window, you could ask a hundred other mortgages.

Lenders, like, what's a good rate? Mm-hmm. And it's not gonna hurt your score. Oh,

Jessi: I didn't know that.

James: Yeah.

Jessi: Because yeah, they, they essentially pull a credit report, right? And then it flags Yes. That you're doing something. Do that first one.

James: Yeah. Okay. It hits you, but the second through whatever doesn't hurt you.

As long as it's the same thing now. Right. If you're doing a mortgage and then you do your credit. Then you do like a business loan, I don't know, a student loan or an auto loan or something like that, that that's, that's different. That's where those things start to compound. 'cause you go, wow, we did a lot of inquiries for a lot of different things you're making.

And they're not like, they make the assumption, oh, if you talk to a hundred different lenders, you're comparing, you're trying to do one loan, it's fine. But if you're trying to do a mortgage plus an auto. Plus student loans that like, yeah, those all very different. Those are very, like, that's where like, boom, you get knocked down real quick.

'cause they're like, oh boy, this guy's getting ready to spend some money. Which makes, yeah,

Jessi: that totally makes sense. It's like, I need to borrow all the money for all the things.

James: Yeah. So you just wanna make sure whenever, when, when you're doing one thing, do that one thing and go all in. Mm. Don't you be like, oh, I'll ask someone here and in a couple weeks, ask there and then I'll do there.

It's like, no, no, no. Create a focused. Mm. Research time period. Yeah. '

Jessi: cause it's not gonna affect, affect your score

James: Yeah. Within a month and, and you're good to go.

Jessi: Interesting.

James: That's what I'm going for.

Jessi: Huh?

James: Also, this one I think this one's, this one's pretty commonly known. One is you gotta stage new accounts and let the old season, that's a word that's often thrown around.

So in general, older cards are good for your credit. Hmm. So, you know, there's a lot of you know, if you're a card point hacking mm-hmm. And it makes sense that you open up a new card. Yeah. You get all the points for it, that kind of stuff. Yep. When you shut down a card, like the length of time that card has been opened helps your score.

Oh. And so

if you're constantly revolving, it always looks like you have very young cards. Yeah. And that is not as good for your score. Okay. So what they talk about is, yeah, it's a time since most recent account opening is too short, is often what the code will say. Yep, yep. And so so you just want to give yourself time between new accounts and doing a major finance.

You're like, if you're gonna open one up, leave it open for a while. Use it a little bit.

Jessi: What's a while?

James: Six-ish months. Okay. Yeah. Yeah. Six months to a year. Yeah. Obviously if you need it, you need it, but if you have a choice yeah. Wait six months before you open one up, otherwise it can ding you mm-hmm.

For that. And if you are gonna do the, like for example, I do some of the card hacking stuff. Mm-hmm. But I've got one that has been open for a very, very, very long time. And I just keep it open. I use it every once in a while and it helps me have a very long history. But if I were to go for another mortgage, like the last card, well, I actually just opened one, I guess.

But it was a business one, so it's not connected. But my last personal one was nine months ago. Okay. And part of it's, 'cause I know I've got these different loans coming up. Yeah. So, Hmm. That's what I'm doing. Yeah. If you are average age of accounts

yeah, it's just kind of interesting. They're talking about how there's, there's just like, there's this, that different credit card or the different credit rating math. Mm-hmm. Depends on what it is. Like the old school ones they are less forgiving on new accounts. Oh. If that makes sense. So they really, they really value having older accounts.

The newer ones are a little bit friendlier. The old school lenders like the old, like the old, the classic FICO score. Oh, yeah, yeah, yeah. Versus newer ones. Hmm. Yeah. So number eight, they play relationship chess with under chess with underwriters. And so like you might have like. Sometimes on your cards you have what are called authorized users.

Mm-hmm. It's like, let's say I got a card, maybe you can use it, I give you, let you sign it. That kind of stuff. Yep. So those are helpful for some scores, but mortgage underwriters can discount or scrutinize authorized user trade lines. Yeah. Because it's not just now you that have to worry about it, these other people.

So

Jessi: yeah. It increases the risk.

James: Yeah. So you, you just wanna be very careful on like. Who you're doing that with. Mm-hmm. And you know, if you need to do it, cool, but just like be very aware of that. Yeah. And, and on your major credit lines, you may decide not to do this. You may just like, yeah, I'm just gonna keep it for some of the side ones.

Jessi: Hmm. So would it be better to like, as opposed to having an authorized user to open a totally separate account, but not so, not too close to when you're gonna pull your FICO score? Yeah, but. Have, just have a separate account that then that establishes history and you know, you have this other user. Yeah, yeah.

That essentially is under your name, I guess. I guess. I guess that's kind of, it's more, that's more of business use in my mind. Mm-hmm. Which may or may not. That's fair count.

James: But other things too, it's like, say you do have some late balances mm-hmm. And you're trying to get into the club. Mm. Right. You wanna do a late payment?

Triage is important, so severity and recent and recency dominated. So 90 days being late on something hurts far more than 30 days late. Oh. So don't necessarily focus on the biggest balance, focus on the oldest one. Interesting. And then work your way back. Okay. And and that, you know, just use that to help reestablish your perfect payment history because Yeah, you want to get rid of.

You would just wanna have as long of a history as possible

Jessi: of paying, which kinda makes sense. It's like the longer you go without paying something, it's like you must really have a problem because you're not paying this like this is still going. Yeah. As opposed to like, you know? Well, and it shows that responsibility I guess, or organization on some level of being like, okay, this was the first one.

I'm gonna pay that one down. Yeah. I'm gonna tackle the other ones.

James: Yeah. 'cause you can imagine if it's one thing, if you're 30 days late. Like, oh, maybe they just didn't have autopay set up and they were on vacation or something. Yeah, if you have 90 days, that's a different story. Yeah. That's

Jessi: like, no, you definitely know.

James: Yeah, exactly. Number nine, they, they use credit for insurance where you can, legal, where you can do it legally. So I didn't know this, but in a lot of states there are credit based insurance scores and so your credit score can affect your auto insurance and some of your home loan Wow. Premiums. Yeah. So if you're in a state where you're allowed to do that, take advantage of that, pay attention to it because you've got a good credit score at that point. Does Oregon do that? Honestly, I don't, I don't know. Oh, I, I saw California and kind of interesting. California. Hawaii and Ma, what is that? Massachusetts? Massachusetts. They do not allow it or they restrict the use of it.

So maybe, yeah. So maybe worth looking into, depending on the state that you're in. Interesting. And then finally. And this kind of comes back to something we were talking about a little bit earlier, but you shift limits and lines instead of closing cards. So you can request a periodic soft poll, like a CLI credit limit increase.

Mm-hmm. As ACL I, you can request them every once in a while and then reallocate limits within an issuer to decrease a high utilization outlier. So essentially what they're saying is like if you've got a card that has a high balance. You can ask for a limit increase and then shift funds around to bring down that utilization.

Yeah. Utilization's kind of a big deal.

Jessi: Mm-hmm.

James: So yeah. '

Jessi: cause you wanted it 10% only, only up to 10% on one of the,

James: ideally no more than 10% on any single card. Okay.

Jessi: Yeah.

James: Yeah. Therefore, no more than 10% overall. All right. So here's your checklist. You ready? Ready. This, this is all you gotta do. This is it.

Okay. So once you cross that seven 80. Don't worry about it. You don't need to chase eight 50 for the sake of chasing eight 50. Cool. That's a vanity metric. Doesn't matter. Ask lenders which model they use. Are they doing the classic Fi CO, or like the advantage?

Speaker 3: Mm-hmm.

James: 4.0. And then plan accordingly.

Speaker 3: Mm.

James: You want to pay before your closing statement. Mm-hmm. And to keep each car. Ideally in a single digits of balance amount, and that'll keep your aggregate very low. And if you can only let one card report a small balance, keep everything else at zero. Mm-hmm. You want to put like big one-time project type spends on a non-reporting business card if possible.

And if you're going to do an inquiry. You want to do all of them within 45 days.

Jessi: That's right. Same type of inquiry. The same

James: type. Yep. And you wanna stop opening accounts six to 12 months mm-hmm. Before you get into mortgage mm-hmm. On something. And and then you can use an off cycle update if you gotta show zero balance pretty fast.

And again, you can just check for your insurance options for your state to see if you can get a So given all that interesting. The question is, which lever? Of the ones that we all talked about, do you think would save you the most money on your next deal?

Jessi: Hmm. This is interesting. I don't know. I mean, for you, since you manage all of our business things, I would think it would be like doing those bigger expenses on business accounts so it doesn't affect Yeah, the personal numbers. That's fair. But we're also not necessarily borrowing from lenders. We're kind of Oh, totally.

Am pooling

James: all the time. Yeah, I

Jessi: guess you do.

James: Yeah.

Jessi: But do they pull your credit report? Oh yeah.

James: Oh, pretty sure they do.

Jessi: I, yeah, I guess you, if you go with banks and things they do. Yeah, definitely they do. So.

James: Yeah. No. Even like hard money lenders, they'll ask for my credit score and stuff. So, do

Jessi: businesses have credit scores?

James: Or do they base

Jessi: it on your personal credit score?

James: That's a great question.

Jessi: I actually dunno the answer to that one. Huh.

James: But

Jessi: it seems weird that they would base it on your personal credit score. Yeah. If it's your business accounts. I think

James: for me it's watching the utilization rate. Oh. And paying more attention to when I pay stuff off.

Jessi: Okay. Yeah. Like where, where you're leaving balances.

James: Yeah. Hmm. Yeah. That's probably my, that's probably the one that I care the most about.

Jessi: Yeah. You, you do a lot more of that. Like money in, money out,

James: yeah. Management. Yeah, yeah, yeah. Anyways, so that'd be a question to you. Which of those would you find most valuable to to help out your credit score?

And so feel free to leave a comment with an answer and. Yeah, that's what we got. So if you wanna learn more about us, you can check us out at furlo.com and see what it would look like to invest with us. And with that, have a great day.