The Dirty Truth Behind Your Credit Score | The Fine Print

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23 Responses

  1. MegaChristian X says:

    This should have millions of views…

  2. cjchamp3 says:

    Getting a conventional mortgage will be very difficult without a credit score. Maybe Churchill mortgage will give you one, but you will be able to get a lower interest rate with a good credit score by shopping for the best rate with wholesale lenders. This could save you thousands if not tens of thousands of dollars over the life of the loan. No debt required, just pay off the credit cards each month and as a bonus collect some cash back.

  3. David Gaitan says:

    Dude..George! You are killing it!
    From one Christian millennial to another..thank you for this content.

  4. Ships and Salsa says:

    Do you need a credit score? Absolutely not! However, there are many things that are less hassle if you have a good credit score.

  5. Blue Rosa says:

    I paid off my house and my credit score went down by 2 points. I don't understand it.

  6. Brandon Beck says:

    Credit also causes depression

  7. Jimmy Bee says:

    Have you noticed that Walgreens is now offering a credit card? Wow! 🙁

  8. Tritonek says:

    The amount of misinformation is astounding. Working in the finance industry I can assure you this episode is full of fake news. I posted the specifics but it seems that they did not want to be exposed and it was deleted.

  9. Lee_CPA says:

    I posted a reply that refuted many of the claims made by George. I see that Ramsey Inc decided to delete it. Par for the course….

  10. Masters Hack Group says:


  11. Winsor Cooper says:

    Great job George; enjoying your rise to prominence in the Ramsey’verse; loved you as the YouTube show host

  12. MO says:

    This is such great info! I’m currently working to pay off my debt and will be done spring 2022! Question: typically how long does it take after paying off all debt for the credit score to disappear? Is it immediately or a couple of years? I’m looking to buy a home the end of 2022 or early 2023 once I have time to save for a down payment and emergency fund and want to do the manual underwriting option!

  13. dboots says:

    You do need to keep some debt in order to increase credit score. I paid off all credit card debt and my score dropped. I then tried keeping a $400 balance on one credit card that has a $15k limit, and my score went back up to 800+. I can't be the only one this has happened to. Makes me think the credit bureaus are working hand in hand with creditors.

  14. Natasha Carrington says:

    This was great information! A lot of myths that we have been taught or have been conditioned to think have been answered. Thank you!!

  15. Andy Raymond says:

    I once had a high score. I also had a negative net worth. I was not winning with money.

  16. tcgtpl says:

    @9:26 – "The only way to get a good credit score, and I'm not making this up, is to go into debt, stay in debt, and continually pay off those debts perfectly without adding to or paying off too much." Well, you are absolutely wrong and you did make that up. Having a good credit score means you are a safer investment in terms of paying off your credit/debt/loan, which leads to getting better interest rates whenever you need to pull out that loan/debt/etc. (such as when you want to buy a house, rental property, a better car, etc.) It is very easy to build a good/great credit score without going into and staying in debt. First thing you need is to budget your finances, which the Ramsey team and the credit score gurus completely agree on.

  17. Mr Guy says:

    I have 36 credit cards and have saved $451.27 on airline miles. Thanks for your advice, really appreciate it.

  18. Bigtruckseriesreview Motorsports says:

    In the “old days“ most people had very stable jobs. America had factory work. America head industry. Now, you’ve allowed them to take all of that and ship it to Asia and you wonder where have your jobs gone. You wonder why it is that you can’t get a regular job and be able to afford to live in a decent apartment or a house. You wonder why the cost-of-living has increased beyond what you can afford to pay.

    In the “old days“ if you had a regular government job or civil service job they had no problem giving you a mortgage because chances were you were going to keep a job until retirement. Now the banks are asked to give 15, 20 and 30 year mortgages to people and they can’t even be certain whether or not you’ll be working for the next five years.

  19. Bigtruckseriesreview Motorsports says:

    I agree that credit “is a game”.

    But the bottom line is: either you play the game or you don’t.

    People who play the game and play it right will have access to assets that they normally would never have had access to. People who play the game and play it wrong will end up deep in debt and probably won’t ever get out of debt.

    People who abstain from the game will have fewer assets and probably live a lower quality of life.

    Keep in mind that good credit is necessary in order to purchase better housing, pay outrageously large medical bills and to afford some of the finer things in life.

  20. Bigtruckseriesreview Motorsports says:

    I have a solid 850.

    Get at me bruh

  21. droptozro says:

    Haven't had any real debt besides a house in over a decade. And my score is over 800. It does affect rates on insurance and jobs at times from my understanding.

    Credit scores are not meant to build wealth. They're just a score on debt. To try to compare them to wealth as Dave often does on his show is to misrepresent it.

  22. Thom Nguyen says:

    You are not allowed to recorded over the phone, you must tell them you are on Recorded line.

  23. Devastate says:

    I'm 32. Never had a loan or credit card. I have no debt. My score is like 570? Do I care? Nope.

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