Banks DO NOT Want You To Know This About Your Credit Score and Car Loan Rate
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SUCCESS. Fratelo.
Good tips! Thanks Richard!
Great reminders Sir. Awesome video.
@12:50 trying to understand the no haggling part.. do you mean you're able to tell a dealership that you'll pay X for a car they're charging Y for? And X could possibly be lower than their Y price?
I LOVE when you bring the white board out. I feel even more engaged in the video than usually
I will add that paying off all your loans early or paying off a mortgage drops your score. its a shitty trap credit agencies use. they want you to always have payments on something. you would think paying all your shit off would be a no brainer and credit booster but apparently not
Am I the only one not getting notifications for this channel after subscribing? Irritating to say the least.
EVERY FAMILY HAS SOMEONE WHO BREAKS THE CHAIN OF POVERTY,I AM,I PRAY YOU BE THE ONE TOO,ALL THANKS TO MRS BLOSSOM JEFFERSON SHE CHANGED MY FINANCIAL LIFE FOR GOOD
What's the earliest age that a person can begin to build credit by their self legally?
Awesome video! I always learn something new on this channel.
At my bank I do not use credit score to give people a loan you pay off your first loan you get a second loan credit score is to use also abuse people it's deleted!
Thanks for the video.
I find that dealerships give a lower purchase price if you close the deal using their financing instead of another bank or even a cash purchase because they get a nice kickback.
Then you can go refinance the loan with your bank for the better interest rate.
Life hack.
Great video; highly informative
Who got American express card?
Don't forget loan to value ratio… NADA value…
Credit is a major gift so many people throw away
Yep 1.9% new Toyota
I fall between that same category. I also get into 2-4% also
Banks make money on interest and fees, example all of those cars you finance make their money. Your home mortgage payment, along with your credit cards. You don't need a whiteboard for that or this fifteen-minute video.
This Only in America.But in Macedonia,a little bit difficult.
I remember back in the day I had to take loans out all my scores on the big 3 where almost 700 but the banks would come back and say welllll your score is only 600 or less Don't know where they would get these sub scores from but I would walk out letting them know I will only pay 4 % and some banks would call back and do the loan at 4 % If not I didnt buy
Sharing with my son because when I explain it to him I don’t think he sees what I’m saying, so hopefully he’ll see this and have a better understanding
Now those scores are those FICO 8 scores or FICO Auto Scores ?
Thank you
The best Channel!!! I never knew this. THANKS
Once you become debt free your score goes down. My score was 803 before I paid off all of my debts. Afterwards it was 740. I refuse to take on unnecessary debt for a slightly better rate.
By the way, I love your mantra, Richard.
Great information! However, being in the subprime automotive loan business, the interest rate would cap at 24.99% and even more, all depending on your state's cap on rates.
"Super prime" can totally be the protagonist character in a movie or a superhero. Where is Isaac Hayes (RIP) when we need him?
Why do you finance cars that depreciate?
Can you do one on home loans?
Banks definitely don’t have your best interest in mind. ☑️
They should teach this in school not me learned about this now at 24 🙁
Good tips.. Thank You.. credit+ finances+..personal discipline..
Good information, thx
I'm stuck at 800-805…
Thanks Richard
Wow
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