Credit Scores Explained | And Why They Suck for Black People!

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  • Опубліковано 7 вер 2024
  • Who or what is FICO and what do they tell other people about me?
    Sources:
    www.myfico.com...
    time.com/39616...
    What is a credit score | Mashable - • What is a Credit Score...
    The history of the credit score - • Video
    Why the American credit system is so terrible - • Why The American Credi...
    The History of FICO - • Video
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КОМЕНТАРІ • 18

  • @1fearnoman1
    @1fearnoman1 Рік тому +2

    This is why it's so important to understand the importance of entrepreneurship and history among the black community. Even when we do for ourselves we are bashed i.e. Black Wall Street for example

  • @justthinkin5956
    @justthinkin5956 Рік тому +3

    Excellent video, even though it took me so long to find it.
    Key point is FICO score is what matters, not Credit Karma score.

  • @chiefkeefofficalreal
    @chiefkeefofficalreal 2 роки тому +2

    I love your videos, you're so good at explaining things in a quick precise way

  • @Unncle_Ruckus
    @Unncle_Ruckus 3 місяці тому +1

    Yeah...yeah, they suck for you because you never pay the money back.

  • @1fearnoman1
    @1fearnoman1 Рік тому +1

    Continue with your Powerful Initiative, King. Had to subscribe

  • @janusbarg6344
    @janusbarg6344 4 місяці тому

    Lebron James, Michael Jordan, Oprah, tiger woods,jay z, Beyoncé. All white people. And this video goes to show that. Great video jeff. We love you dearly us all. From the far away Wyoming

  • @sr-xv4hi
    @sr-xv4hi 2 роки тому +1

    Thanks so much Jeff for this helpful and very detailed info, nobody does this type of important video. 🙏👏🙌Best to you Jeff.👍

  • @Bit-while_going
    @Bit-while_going Рік тому

    They also refuse to give certain people FICO scores even if it's not justified.

  • @reece758
    @reece758 2 роки тому

    I was under the impression that adding another person to your credit card line doesn’t affect their credit. Which one is right?

  • @jk-gn2fu
    @jk-gn2fu 2 роки тому

    They said having too few credit cards was hurting my score... so I made a new credit card just to increase my score. They lowered even more cause they have detected that my inquiry was searched in the process of making the new credit card. My credit score dropped from 784 to 736... I hope it will go back to original state by next year around this time

  • @davidcallahan2007
    @davidcallahan2007 7 місяців тому

    Pay your bills and you’ll have decent credit!