Banks DO NOT Want You To Know This About Your Credit Score and Car Loan Rate



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40 Responses

  1. Sandor Varga. says:

    SUCCESS. Fratelo.

  2. Financial Freedom Made Simple says:

    Good tips! Thanks Richard!

  3. Richard Purcell says:

    Great reminders Sir. Awesome video.

  4. JUUGRICH Media says:

    @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?

  5. JUUGRICH Media says:

    I LOVE when you bring the white board out. I feel even more engaged in the video than usually

  6. Chris P says:

    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

  7. Gail McShan says:

    Am I the only one not getting notifications for this channel after subscribing? Irritating to say the least.

  8. nancy Dickson says:

    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

  9. Mr. Smith says:

    What's the earliest age that a person can begin to build credit by their self legally?

  10. Tokeysia Bledsoe says:

    Awesome video! I always learn something new on this channel.

  11. DeeAllmy a says:

    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!

  12. Omar Abukar says:

    Thanks for the video.

  13. Degodouble Dizzle says:

    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.

  14. Tee Mack says:

    Great video; highly informative

  15. Issac LAdl says:

    Who got American express card?

  16. John says:

    Don't forget loan to value ratio… NADA value…

  17. Hungry Being says:

    Credit is a major gift so many people throw away

  18. Richard Tapp says:

    Yep 1.9% new Toyota

  19. Rae Maxey says:

    I fall between that same category. I also get into 2-4% also

  20. Edward A says:

    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.

  21. Kostadin Toshanov says:

    This Only in America.But in Macedonia,a little bit difficult.

  22. Custom Works says:

    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

  23. Bryan Lunceford says:

    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

  24. Michael Downing says:

    Now those scores are those FICO 8 scores or FICO Auto Scores ?

  25. Jay Love says:

    Thank you

  26. TV V says:

    The best Channel!!! I never knew this. THANKS

  27. Maxrotor says:

    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.

  28. Franz Van Julio says:

    By the way, I love your mantra, Richard.

  29. Jon Thomas says:

    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.

  30. Franz Van Julio says:

    "Super prime" can totally be the protagonist character in a movie or a superhero. Where is Isaac Hayes (RIP) when we need him?

  31. Paul Smith says:

    Why do you finance cars that depreciate?

  32. NIA N’JERI H. says:

    Can you do one on home loans?

  33. KEITH JONES says:

    Banks definitely don’t have your best interest in mind. ☑️

  34. Arlene Madrid says:

    They should teach this in school not me learned about this now at 24 🙁

  35. Curtis Davis says:

    Good tips.. Thank You.. credit+ finances+..personal discipline..

  36. Keith Woods says:

    Good information, thx

  37. 888whoru says:

    I'm stuck at 800-805…

  38. Tayyab Kolby says:

    Thanks Richard

  39. Tayyab Kolby says:

    Wow

  40. Richard Fain says:

    BEWARE OF SCAMMERS IMPERSONATING ME IN THE COMMENTS SECTION. I DON’T HAVE A WHATSAPP ACCOUNT! I WILL NEVER ASK YOU TO CONTACT ME BY PHONE OR WHATSAPP!

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