Credit Scores & Reports

In partnership with

Hey Coach,

Think of your credit score like your coaching reputation - it follows you everywhere.

Whether you’re:

• Buying a car,

• Getting a mortgage, or

• Even applying for insurance or renting an apartment…

your credit score is how lenders decide if they can trust you to execute the game plan.

A good score saves you thousands in interest.
A poor one costs you - even if you’re great at everything else.

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What Is a Credit Score?

Your credit score is a number from 300–850 that measures how risky you are to lenders.
It’s like your financial scouting grade - consistency, reliability, and performance all rolled into one.

Here’s the breakdown:

• Excellent: 800–850

• Very Good: 740–799

• Good: 670–739

• Fair: 580–669

• Poor: Below 580

🏀 Coaching Tip:
You don’t need to be a “five-star recruit” - just get above 740 and you’re playing in the top tier.

What Makes Up Your Score

Here’s the playbook - your credit score isn’t random. It’s based on 5 key stats:

1️⃣ Payment History (35%)
Did you pay your bills on time?
Missed payments are turnovers - they hurt fast.

2️⃣ Credit Utilization (30%)
How much of your available credit are you using?
Stay below 30% of your limit (ideally under 10%).

3️⃣ Length of Credit History (15%)
How long have your accounts been open?
Age = trust. Don’t close old credit cards unless you must.

4️⃣ Credit Mix (10%)
Do you manage different types of credit (cards, car loans, student loans)?
Balanced offense wins.

5️⃣ New Credit (10%)
Too many recent applications signal desperation. Space them out.

What’s a Credit Report?

If your score is the stat sheet, your credit report is the game film.
It shows every play:

• Accounts opened and closed

• Payment history

• Balances

• Credit inquiries

You’re entitled to 1 free report every year from each bureau:
👉 AnnualCreditReport.com

Check them annually for errors - because bad data = bad scouting.

How to Improve Your Score

You can’t control every bounce, but you can control your habits:

✅ Pay on time, every time.
Set up autopay. No excuses.

✅ Keep balances low.
Use credit cards as tools, not trophies.

✅ Keep old accounts open.
They lengthen your history and improve your score.

✅ Limit new credit applications.
Each inquiry is a minor hit - don’t overdo it.

✅ Dispute errors.
If something looks off, report it immediately to the bureau.

Coaching Analogy

Your credit score is like your player development program.
It doesn’t change overnight - but with consistent habits, it improves year after year.

Missed payments = missed practices.
Consistent effort = growth.
Over time, the scoreboard reflects the work.

📝 Coach’s Challenge This Week

Pull your free credit report and take a look at your current score.

Ask yourself:

• Any late payments?

• Credit card balances over 30%?

• Accounts you can close or clean up?

Pick ONE action to improve your score this month - even a small step makes a big difference over time.

👉 Forward this to a coach who’s ready to stop guessing and start managing their credit like a pro.
Great teams study the film - great coaches study their credit.

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Coach Mike Klinzing
Founder, Wealth4Coaches
"Coach smarter. Save better. Live freer."