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#179: Credit Scores and FinTok

There is a wealth of financial information on the internet, but finding reliable sources and valuable, easy-to-understand, easy-to-use financial tips can seem challenging. TikTok has become a platform where financial advisors and economics teachers deliver lectures on financial topics in less than a minute. The Money JAR is excited to talk to some of these creators and see what FinTok (the financial side of TikTok) can offer our listeners when they have more than sixty seconds to deliver their advice!

Mindy spoke with credit advisor Keyla Katz about her experience on the platform. Keyla also dives into her specialty–tips for improving your credit score and making sure it stays high. Building credit is essential to help make bigger purchases later in life, as banks look at credit scores before they issue auto or home loans. Keyla says, “Your credit score is your credit worthiness. It ranges from 300 to 850. In short, when a lender is going to pull your credit your report… it’s going to determine your financial risk. If you’re too high risk, you’re not going to get that credit.” Keyla has great explanations for understanding your credit score and how to keep it high or pull it back up if it drops low. She speaks on FinTok from her personal financial experience, and her hundreds of thousands of followers appreciate her advice.

Keyla Katz is the owner of Katz Credit Solutions, a credit counseling service that helps clients fix their credit scores. She also has over 350 thousand followers on her TikTok, where she posts quick advice on finance and credit topics.