Welcome to the Doctor’s Eyes Only podcast!

In this week’s episode, Vestia Partner and CEO Lauren Oschman shares valuable insights on how credit scores work specifically for doctors and what to keep in mind when taking out credit. Lauren breaks down the five key factors that influence your credit score, including payment history, credit utilization, credit mix, length of credit history, and new credit inquiries.

Lauren emphasizes the importance of using credit responsibly, such as making on-time payments to maintain a strong payment history. She also highlights the need for regularly monitoring your credit to spot any potential fraudulent activity, like new accounts opened in your name without your knowledge. To protect yourself, she suggests freezing your credit with the major credit bureaus.

Additionally, Lauren offers useful advice on credit utilization, explaining how the ratio of your available credit to your debt impacts your overall score, and how maintaining a low balance can work in your favor.

Be sure to subscribe and follow Doctor’s Eyes Only for more insightful episodes released every other week. And don’t forget to leave a review, let us know what you loved most about this episode!

Links to the 3 different credit bureaus mentioned in the podcast: 

www.equifax.com

www.experian.com

www.transunion.com

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