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In this video, Richard Cooper, CEO and founder of the Freedom program, addresses common questions about how the program impacts credit scores. He uses a visual aid, referred to as the "board of truth," to explain the typical credit score progression for participants over three to four years. He notes that most individuals start with a low understanding of their credit score, which can range from zero to 100%. Cooper emphasizes that approximately one-third of a credit score is influenced by outstanding debt, particularly money owed to credit card companies. He highlights the significance of managing debt in relation to improving credit scores throughout the program.
