I love how people claim that lenders don't count medical debt. YES, THEY DO. One medical bill will destroy your credit and any lender, dealer, etc. will use that against you.

@trevorpearce7666

2 жыл бұрын

I got blackout drunk one time and woke up in a hospital, told those guys they should've let me die lol

@agreedboarart3188

2 жыл бұрын

@@trevorpearce7666 It's a sad world we live in. There are third world countries with better healthcare systems than us.

@DidierWierdsma6335

2 жыл бұрын

One medical bill can destroy you're whole live in America. Land of the free I don't think so only if you are rich.

@lecisko

2 жыл бұрын

Medical bill, what's that? Asking as a European...

@agreedboarart3188

2 жыл бұрын

@@lecisko I envy you.

Credit be like "You need money? Well, prove to me that you don't need it."

@Flockfitness101

2 жыл бұрын

Just posted a step by step simple guide on how to lose weight. Make sure to let me know how u liked the video down in the comments!

@prime_optimus

2 жыл бұрын

@@Flockfitness101 Who asked?

@ironsnowflake1076

2 жыл бұрын

This comment is so hilariously accurate :D

@baronvonlimbourgh1716

2 жыл бұрын

Sad but true

@108nighthawk

2 жыл бұрын

I would say it is more accurate to say "Oh you need money? Prove to me why I should take that risk". It is perfectly sensible.

I tried to follow the conservative talking point "Just pull yourself up by your bootstraps," "Become your own boss", and start my own business but was denied a loan because I had numerous surgeries due to a life threatening illness that lowered my credit score to 500. Now I'm physically disabled, can't work, and all I got out of it were more medical bills, lower credit, and infinite debt.

@dearyvettetn4489

2 жыл бұрын

I’m sorry to hear about your medical issues but that’s was just a bad faith excuse to deny you credit for your business. I ran a business for five years and was told by banks, even for an SBA loan that I needed to run my business and pay my bills steadily for a few years before they would extend me a loan. In the meantime I had to meet the expenses of large purchased like a service vehicle using my own personal credit. After five years of operation, paying my bills on time and desperately in need of expanding to pull in more money the banks still would not extend business credit. I guess they did me a favor because I shut down just before the pandemic it. Business loans are not for little people like us. No mater how much BS they shovel to convince you of that.

@crustjunkie

2 жыл бұрын

@@dearyvettetn4489 Definitely. I applied for numerous loans via the SBA, told them numerous times that I'd be able to pay back the loan within a year, they still wouldn't budge. My uncle works for the SBA too and put in a good word, but still no luck. They say they don't judge based on income, age, or experience, but it's all complete b.s., they completely do

@grantwithers

2 жыл бұрын

But, you're not dead yet! Life's not over just yet!

@grantwithers

2 жыл бұрын

@@dearyvettetn4489 "Business loans are not for little people like us. No mater how much BS they shovel to convince you of that." Well they are if your business is highly profitable. If not, then yeah, you'll have problems.

@filthyshoggoth

2 жыл бұрын

@@grantwithers What a useless, liberal sentiment. "Your life is fucked, but at least you're alive!"

My wife and I were super financially responsible. We never got into debt besides my student loans. When we went to buy a house I had a credit score from my student loans. My wife paid for college out of pocket and has had zero debt. The mortgage loaner had a problem with that because even though we paid everything on time for the past 3 years, she needed to get a credit card so she could have a credit score. 🙄

@raiden3013

Жыл бұрын

ya. because it means your mix of credit is non existent. they want to see you are responsible in multiple ways. and credit cards are the only permanent line of credit unless you choose to close it. if you pay off all your loans then it looks like you arent managing anything if you dont have a credit card.

@stayingfitandfocused

3 ай бұрын

​@@raiden3013that's so dumb

Banks be like: "Your credit score is too low to obtain a mortgage paying $900/mo. for a house." Meanwhile: You've been paying $1300/mo. for rent for years.

@speedy01247

2 жыл бұрын

yeah, my uncle offered to sell me and my brother his condo, but we don't have good enough credit for the loan, the loan costs $450 a month and we are presently paying $895 a month for an apartment.

@danextrinsic0174

2 жыл бұрын

Yeah that really pisses me off how our apartment rent payments never matter to get a home loan. Complete and utter bs.

@sharkwhisperer7326

2 жыл бұрын

Ridiculous. SO many times people say, "don't borrow from a bank." This is why.

@grantwithers

2 жыл бұрын

Yeah you need to establish a history of paying back lines of credit, not just paying bills due. There's a difference.

@milehighgambler

2 жыл бұрын

It's all set up so that the average citizen can stay as poor as possible, and the rich can keep gobling up money, properties, and wealth. Reason why poor people people a high credit score, are still likely to fall into debt, and stay in debt throughout their life

I always wanted to know what US-Americans mean when they say "credit score", so this is going to be good

@SecondThought

2 жыл бұрын

Hope it’s enlightening!

@Fred_the_1996

2 жыл бұрын

+1000 credit score! Nice job citizen! God Bless America!

@chikitronrx0

2 жыл бұрын

@@Fred_the_1996 Wait, that's like social credit. D:

@wamsang7818

2 жыл бұрын

@@chikitronrx0 I think that's the point its mocking the social credit score copypasta

@QueerCripple

2 жыл бұрын

As someone who has lived in America my whole life and hates this system, it makes me happy to know that other countries look at us and say "wtf are y'all doing?" because I say that all the time and my neighbors just shout "USA! USA! USA!" (Metaphorically but yeah) and basically say I hate the country because I point out damaging systems like this. I do kinda say I hate it here, but there is also a lot that I love 🤷🏼‍♂️ this is not one of the things I love.

I have definitely lived this. I have had several disabilities since childhood. When I was a young adult, I had an employer that made me come in when I tried to call in sick because my chronic illness was acting up. I fainted and called an ambulance, telling me I would be fired if I didn't take it. A few weeks later, I got a huge bill and their HR denied the worker's comp claiming I knew I wasn't feeling well and shouldn't have come in. That one bill dropped my credit score to 300. For years I couldn't get a job besides through social connection, couldn't find an apartment and had to rent rooms from friends with only inconsistent money to pay them back. I couldn't buy a new phone even unless I paid full cash in hand. Years later I married an individually wealthy woman. She did nothing but give me a credit card to buy her groceries and put my name on the house (not even the loan) when we moved. We didn't even pay that bill. My credit score went up to over 700. The whole system is a massive scam and I hate how much it is treated as objective when all it does is further poverty.

@ClassicStrategist

Жыл бұрын

You stupid Americans should stop buying things on credit, and only use debit cards.. Can't afford a new phone, Don't have the cash? THEN DON'T BUY IT.

@CharlotteThroughTheWeb

Жыл бұрын

@@ClassicStrategist I don't? But in our country you often don't get a choice. You don't have to agree to borrow the money. They give you a service under duress with no way to find out what it costs and then they bill you after. It is why, for example, many medical communities have labelled helicopter ambulances (I know they have different names in different places so describing them is easier) as harmful to patient health. That's right, the ambulances that make the trauma triage system work where if you have an injury too severe for a low level hospital to treat, they fly you to a higher level hospital hurt patient outcomes overall. Why? Because we deregulated airlines so lifer ally, they can charge you whatever they want and since you are unconscious, don't get to consent, the alternative is probably dying at a smaller hospital, and there are no competitors, they literally charge hundreds of thousands of dollars for a flight that at cost is around ten thousand. That is the most extreme example because there is literally no regulation, but it is really how our whole medical system works. When you maybe have a brain tumor, you really have to get an MRI, the alternative is dancing with death. Hospitals don't have to post their prices and it can take months to inquire as to them and many people are either uninsured or under insured. So in my lived example, my choices were self treating my fall injury and losing my job, or going in an ambulance to a hospital not having any idea at all how much it would all cost (more than I had made that entire year) and trust my employer would pay it like they are legally mandated to. Our economy is filled with essentially unavoidable debts. The only way to not have debt here is to inherit land and money, subsistence produce your own goods, and try to sell enough for the things you can't produce. It is very difficult, very uncommon, and, even if you manage it, a single injury could take it all away anyhow.

@bonchickenfry1595

Жыл бұрын

I went to jail for lying about my income on a credit card application

@highonheroin5352

Жыл бұрын

This story made me furious

@samiaoishy7862

4 ай бұрын

Hope you treat your women right

A system where paying off debt hurts you. That’s all you need to know to see how broken this system is.

@lianalonge1984

Жыл бұрын

@HoiPolloiNtertains EXACTLY 👏🏽👏🏽👏🏽👏🏽👏🏽‼️

@isaacdeanda3364

11 ай бұрын

My score dropped 100 points because I have no debt😕

@MrYexas

8 ай бұрын

​@@isaacdeanda3364crazy right?

The thing that pisses me off about credit scores, besides how dystopian they are, is that _nobody taught me about them when I was younger._ As a kid/teenager, I was under the very rational impression that after I went to college, all I needed to do was get a job, pay my bills on time, avoid going into debt as much as possible, and I'd be fine. Then you get thrown into the deep end of adulthood and suddenly realize, oh wait, I can't get a car or an apartment because some mysterious number I know nothing about says I'm not trustworthy? So then you try to learn the rules and be responsible to build up your score, but it turns out that any random thing can fuck up that number, and then it's too bad for you. Oh, you paid off your loans too early? Fucked. Oh, the bank made a mistake and didn't send one of your payments through on time? Fucked. Oh, you don't have _enough_ credit cards? Fucked. You can pay your rent on time every month for years, but one medical emergency and you're totally fucked. It's easy to call it Orwellian, but I'd say it's more Kafkaesque.

@kimberlychodur3508

2 жыл бұрын

@@EroticInferno exactly so true.

@grantwithers

2 жыл бұрын

"nobody taught me about them when I was younger." To be fair, back in the day most people didn't understand them. It's only with youtube and all that everyday people are even beginning to understand. Still many don't understand them. See the maker of the video we're watching here.

@DeathBYDesign666

2 жыл бұрын

@@grantwithers I think it's meant to not be understood by anyone but the mathematicians they pay very well to maximize their profits. This is quantum mechanics and we're all still learning fifth grade basic science would be a good analogy.

@grantwithers

2 жыл бұрын

@@DeathBYDesign666 They don't necessarily want people to "understand it". They just want to measure a person's "likelihood to repay lines of credit as agreed to beforehand". Which, btw, an american credit score does measure very well. However, it isn't that hard to understand, you can watch 1 or 2 graham stephan vids and understand it pretty ez. But even without vids, simply take out some available lines of credit and then repay all lines of credit as agreed to (and also pay all bills in a timely fashion), and you're solid. Else do not take on such bills, or do not agree to pay back lines of credit. That's it. That's all. Now your "credit score" is large.

@Pikkabuu

2 жыл бұрын

Wouldn't it be nice if there was a subject in school that dealt with this? Oh wait....there is! It is called civics but only 9 US states mandate teaching of it! Seriously as a civics teacher it really baffles me that such an important subject isn't taught in the vast majority of American schools....

You can not even understand how ridiculous this system is to someone from outside US. I came to US from Ukraine, where we generally try not to take loans. And here in US they tell me that I must have this credit cart, where I deposit my OWN money, that now considered not mine anymore, and only then I can use them, but also need to repay them constantly. And then this Credit Score comes along, and it seems to live its own life no matter what I do. Utilization is slightly higher: score is down . Paying everything in full: score is down. And then these reporting agencies that sell your personal information to other institutions, resulting in tons of commercial proposal spam. This whole thing is perversion and sickness.

@sharkwhisperer7326

2 жыл бұрын

That's what the credit system should be abbreviated: "P&S" Credit.

@grantwithers

2 жыл бұрын

"and it seems to live its own life no matter what I do" All you have to do is take out lines of credit and repay them specifically as agreed and it will magically go up and not go down. If you take out lines of credit and do not repay them specifically as agreed then it will magically go down, it can also go down if you just don't pay everyday debts owed (rent, bills etc). Thems the taters.

@IkaikaArnado

2 жыл бұрын

Secured cards are a good way to establish credit. It's still your money and you eventually get it back. The bank just wants collateral in the case you default, as you didn't have a credit history. Once you establish a credit history banks will allow unsecured credit based on your credit score.

@grantwithers

2 жыл бұрын

@@IkaikaArnado Yeah a secured card is one way to do it if you can't do the others or don't want to for whatever reason. Not sure how good of a score a secured card will give tho.

@IkaikaArnado

2 жыл бұрын

@@grantwithers Cards don't give scores. It's a persons repayments, utilization, age of credit, number of credit lines, credit limits, and variety of credit that effect ones credit score. A secured card works no different than any other credit card in terms of reporting.

I need to vent. I recently went out to get a loan form the bank, to help get me a new place to live (closer to work) I was denied because I have a "collection" against my name. A collection that comes from a time when I broke my shoulder and went to the hospital which then sent me to a specialist for physical rehab. I was insured, but my insurance didn't cover a "specialist". I was unaware of this. And never told at the office before the doctor saw me. And because of that I owe the doctor 1600 for one visit which I gained nothing from. FIVE years later I can't get a loan because my credit score (an arbitrary number that means nothing) says i can't pay bills. So no help to me. And my credit score will be affected for 7 years unless I pay the doctor off. I will not give my hard earned money to this doctor. (Thats 3 months rent for me). Yes I guess shame on me for not knowing everyone who accepted my insurance. Shame on the office, I was there for a total of 15 minutes and was told to wear a Sling, which I already had. "Predatory" seems like too nice a word for this.

@joshdavis8800

27 күн бұрын

So fun fact, just dispute the collection. Medical bills have to be removed from your credit when you dispute them because if HIPPA. The original creditor can't share the required info with whomever the sell your debt too.

there's such an easy fix: stop asking for people their credit score. Why does everyone ask for it, especially when you know that they are riddled with errors? How hard is it for a bank to ask for your income and expenses and calculate what you can responsibly lend? That's what every bank in my country does...It doesn't take that long to make a case-by-case calculation to know if someone can afford a 500k loan...

@guy-sl3kr

2 жыл бұрын

It's not about being able to afford a loan, it's about sucking as much money as you can out of people. That's why credit scores go down when you pay your loans early or go through life without incurring debt.

@LordKnightcon

2 жыл бұрын

Because then people might get ahead based on their merit instead of their heritage and we can't have that...

@JDG-hq8gy

2 жыл бұрын

So that they know the risk they incur by lending you money; since they can’t force you to work to earn the money to pay back the debt they risk never getting back the money they lend you, the likelihood of this occurring increases if you have a history of being unreliable when it comes to paying back debts

@LordKnightcon

2 жыл бұрын

@@JDG-hq8gy You didn't watch the video, did you?

@JDG-hq8gy

2 жыл бұрын

@@LordKnightcon I’m trying to fact-check what he’s saying while watching so whatever part of the video that refutes what I just said probably hasn’t been reached yet

I went to the emergency room a few months back and now I have to either pay a bill of $4500 (which essentially amounts to all of my savings) or see my credit score, which I have worked my ass off to build to 780, drop hundreds of points. I am being forced to pay this ridiculous bill or destroy my chances of ever being able to finance (or probably even rent) a house in the next several years. All because of one bad day. Anyone who says this is a fair and just system is a sociopath.

@screenarts

2 жыл бұрын

Welcome to the machine

@velshock

2 жыл бұрын

Spot on!

@Perseus5

2 жыл бұрын

Im in the exact same spot as you amigo. I got a bill that is 6,000 dollars because i was in so much pain. After trying to wait it out and also forcing myself to work on that day too, i said i cant take the pain that was hurting my lungs which was hard to breathe. And can i just say they basically did nothing to fix my problem and i was also given a bed in the hallway and not a room. I dont know what happened to me because my spine and ribs were stiff that it was impossible to breathe. I work part time and study and basically all that money i worked hard for without any medical benefits to keep me in good shape costed me my time and money. Now im at square one again because america is all about profiting on the poor and people dying.

@nwatson2773

Жыл бұрын

ask for a payment plan

@asurrealistworld4412

Жыл бұрын

That's the part I just don't get. My family never did mortgages and just paid for a simple house in full but it's like what if I simply just don't believe in having debt? I'm pretty sure there's plenty of people like that. I myself don't believe in having debt or having as little debt as possible because "a borrower is a slave to the lender".

Little known fact that lenders will pull your score first. If your score isn't a certain number (usually 600 or 650), they will not pull an actual credit report, which means that they will not see whether or not you have previous lines of credit that you paid as agreed. I had 2 credit cards that I paid off and closed. Once they dropped off of my credit report, my score went down. I paid off my car.....my score went down. Now I am at a point where I will struggle to get new lines of credit, because of my lower score, not because I am an untrustworthy borrower.

@FrankLloydTeh

2 жыл бұрын

Paying off debt your score? What an amazing system. It's almost as if the score was meant to make you get more debt.

@carissahowell

2 жыл бұрын

@@FrankLloydTeh whoomp there it is!

@evawettergren7492

2 жыл бұрын

In most any other country in the world you would be an ideal person to grant loans to. You have prooven that you can pay your loans back and would therefore be trusted with greater loans. Very weird how it is the opposite in the US.

@mikeyorkav4039

2 жыл бұрын

@@evawettergren7492 nothing like this is wierd in the us. The us was founded for grifters by grifters. The trash of the world flock here to fester in this socital rot.

@baronvonlimbourgh1716

2 жыл бұрын

Not holding your debt is not interesting to them cause they cant make money on you. They want you to take 30 year loans on a car only paying the minimum every month. Milk that cow for every penny.

It really doesn't make sense why doing things like paying your rent on time don't improve your credit score, especially considering the fact that you need decent credit to rent an apartment in the first place.

@gamephysics3943

Жыл бұрын

You can actually, you can self report your rent payment to the agencies if your landlord or company doesn’t do it for you.

I’ve asked my parents why I need good credit and they always say “in case you want to buy a house or a car” like I could afford either of those in this economy lmao

@ticktockontheclock5691

Жыл бұрын

The even deeper joke is if you can afford to buy a car outright and not need a loan, and do, your credit score is even worse!

When will the working class learn that we can’t wait for our rights to be given to us, we must take them for ourselves!

@puffy_jr7521

2 жыл бұрын

Thats because libs and republicans fight over stupid shit. If we came together we could fight inequality but thats not going to happen.

@amihart9269

2 жыл бұрын

Well, liberals have convinced people that rights are not something you can take but that everyone is born with God given freedom energy and so there's nothing to fight for, the poor starving homeless guy already possesses freedom energy and in fact the freest person on earth and the only reaason he is poor and homeless is because he chose to be.

@krs1297

2 жыл бұрын

A lot of working class people have cucks for the system honestly

@stevebottrell9154

2 жыл бұрын

@@puffy_jr7521 You don't have any libs in your political system. Both parties are right wing parties.

@oliviayoung8040

2 жыл бұрын

When they come together and not split thinking they will be a millionaire one day if they just work harder. My family and I are working class BTW. Coming together is very hard to do for the greater good in this country.

Used to work for a financial company dealing with this stuff. And all I can say is it's a very disheartening experience being on the other side of the phone delivering this information to customers who have a bad credit score. It's very easy to be mad at them when they became infuriated or blame them (in fact that might have been the coping mechanism of agents dealing with this stuff), but looking at the bigger picture, you'd really realize how draining it can be as a person with compassion. And I don't want to go back there anymore. This video complies everything that is wrong with this system.

As always, as a european, this is fucking insane to me lol

@metalvideos1961

2 жыл бұрын

Be glad we use debit cards over here.

@Elizabeth-eu5sv

2 жыл бұрын

That reminds me, I was reading Bit Tyrants by Rob Larson and one quote stood out to me: "In Spain, Amazon was even reported to have requested that police intervene in a strike and enforce worker productivity levels, which the baffled police declined to do." Like... there *are* countries where the police don't solely exist to terrorize innocent people?

@mokaPCP

2 жыл бұрын

@@Elizabeth-eu5svlmao spains police is fucking disgusting, if amazon was a spanish company with state influence things would have been different. I know first hand since im a local.

@yorkerold

2 жыл бұрын

As always, as an European, Europe isn’t much better and the US and its problems literally exist due to European imperialism.

@yorkerold

2 жыл бұрын

@@Elizabeth-eu5sv Spain is still a bourgeois state where police exist to serve the capitalist class and repress the working class. Not to mention the influence of Francoist fascism that still remains

Americans: China’s social credit system is evil! We’d never tolerate such a system of oppression and social control. Also Americans: Crap, I paid off my student loans too quickly…

@alexanderkoruga6409

Жыл бұрын

Yeah the USA is in no position to lecture anyone on morality.

Credit scores aren’t even based on if you pay your bills on time reliably in full. They are based on how likely a company is to make money off of you.

@marczhu7473

2 жыл бұрын

That's US for you credit score = milking score for you.

@RealestDave

2 жыл бұрын

where in the heck did you get this info, this is far from accurate. Jeez

@hudson2441

2 жыл бұрын

@@RealestDave ok pay off everything and don’t carry a balance and tell me what your credit score is.

@Power_Verse_

2 жыл бұрын

Rent isn't counted in the credit either.. but you need good credit to rent... okay

@RealestDave

2 жыл бұрын

@@Power_Verse_ There are rental managers that now report rent payments to at least 2 algorithms

Couldn't agree more as EU citizen moving to the US was nightmare I could not rent without $2k deposits I could not lease a car without $4k deposit couldn't have credit card without deposit I could not even fart without someone asking me for security deposit.. just designed to keep poor people poor and rich rich

@Soundsofthewood

2 жыл бұрын

Deposit for a credit card? What bank were you using. Mine pretty much forced me into a credit card.

@matejbludsky8410

2 жыл бұрын

@@Soundsofthewood cause you are American right ? Foreigners have it different

@nfzeta128

2 жыл бұрын

A rational country system just asks if you've been gainfully employed for like a year or so and at the very least that auto-qualifies you for a credit card.

@janiceschroeder9908

2 жыл бұрын

@@matejbludsky8410 People from other countries have no credit or score when they come to the USA and have to start building credit again no matter how good their credit was in the country they left. That's also true in other countries if a foreigner goes there to live.

@richardpowell5151

2 жыл бұрын

God that fart deposit gets me every time!

I know a friend who’s credit score dropped harder than a meteorite when she finally managed to pay and get rid of all her debt. Credit score is designed to keep you in debt so you keep on giving

This reminds me of how job applications in the UK ask if you have any disabilities to "ensure the employer can make reasonable adjustments". In reality, if I ever confirm I have hearing loss, it is used against me. When I first started looking for jobs, I would always mention on that part that I did have hearing loss. My reasoning was that they'll find out anyway so I should be honest. Well i never got an interview. One day I wrote nothing on that part and kept everything else the same and I got 3 interviews in a row. That can't be a coincidence. Yet conservatives will flat out refuse to believe managers and businesses can AND WILL discriminate.

I'm alawys talking about this flawed system. People fight soooo hard to defend it. Its an old system that has been shown in the past to not work well.

@MrSamulai

2 жыл бұрын

No it works perfectly. And that's just the problem.

@CapitalWorksPro

2 жыл бұрын

I think that has to do with people's tendency to think "well I had to come up in this system, why should we change it now?" Obviously a stupid way to look at it, but if I'm being honest, it was my first inclination. You know, that's like saying "why shouldn't I hit my kids when my parents hit me?" Passing on the trauma doesn't help anyone.

@jimmytimmy3680

2 жыл бұрын

No, a lot of kids are wanna be rich people, but don't realize the reality.

@thugstin6429

2 жыл бұрын

@@jimmytimmy3680 what does the actually mean lol?

@fireandblood2919

2 жыл бұрын

@@jimmytimmy3680 huh?

The part of the credit system that makes the least sense is that if you live within your means and don't go into debt you will probably have a horrible credit score.

@huntermead859

2 жыл бұрын

Yeah, I have no credit score bc I pay my rent six months in advance, have a cheap car, and buy everything I own outright rather than on credit. The credit system doesn't care if you're reliable or not, it cares about the profit it can make off of your loans.

@speedy01247

2 жыл бұрын

@@huntermead859 same, my bank complains when I spend $1000 using my debit card, but then refuses to give me a credit card for some stupid reason. (that was my largest purchase and in the future I will use cash seeing as it took days to get my debit card working after they stopped it, despite me going to the bank and saying it was me the same day)

@abrahamchavis1536

2 жыл бұрын

This is me

@grantwithers

2 жыл бұрын

That's literally because you then do not have a loooooong history of paying LiNeS oF CrEdIt back as agreed.

@galacticbob1

2 жыл бұрын

@@vitaminluke5597 exactly! The only reason it makes no sense is if you are thinking of a credit score as an indicator of how likely you are to pay back the money you are loaned. A credit score is actually an indicator of how likely a debt company is to make a huge profit off of you.

Got a family member that files bankruptcy every seven years! My question: How does she keep getting credit? Meanwhile JCPENNEY accused me of filing bankruptcy in 1951 before my mother was born) and refused to give me a card!

also nobody ever mentions this but the credit system is also ableist!!! Disabled people have more medical issues more regularly to worry about, they spend more money on medical care, and if someone is neurodivergent and has executive functioning issues then the ENTIRE process of paperwork and making several payments on a deadline is literally harder or nearly impossible! Abled people don’t need to worry about this as much also the chinese social credit jokes you’ll often see in comment sections are incredibly racist. it undermines the agency of and infantilizes asians, and is a dismissal of everything we say.

The one thing that I hated and wish they would've taught was actual economics that would help us after high school. Never got to learn about this in detail or about actual life affecting economics that actually matter. Could've really helped a lot of people instead of making mistakes and suffering from them

@Praisethesunson

2 жыл бұрын

If you learned about this system before you fell into of your societies many MANY debt traps. You might protest against having your life determined by a corporate controlled social credit score.

@Praisethesunson

2 жыл бұрын

@@AluminumOxide Also so the poor's never get uppity enough to challenge their inherently lower stations in the hierarchy.

@KittyKat-vb1nd

2 жыл бұрын

They don't want you to know. It was no accident.

@KittyKat-vb1nd

2 жыл бұрын

@@Praisethesunson Absolutely. For nation so obsessed with freedom and right, they do nothing to fight against the indentured servitude they live under. Fought about a tea tax and revolted but don't do a thing about the true tyranny they are living under.

@KittyKat-vb1nd

2 жыл бұрын

@@Praisethesunson Yet Americans believe they are a society that has no class system.

You have single handedly educated me on real issues more than public school did in like 1/2000th the time. Thank you

@Flockfitness101

2 жыл бұрын

Just posted a step by step simple guide on how to lose weight. Make sure to let me know how u liked the video down in the comments!

@grantwithers

2 жыл бұрын

Only problem is most of what is said in the vid is not really true, it's just a biased view of something the maker of the vid doesn't understand.

@grantwithers

2 жыл бұрын

@@joaovmlsilva3509 "The public school that is being undermined by capital" More likely being undermined by commies in the education system than by "capital". lol. Just irl.

@grantwithers

2 жыл бұрын

@@joaovmlsilva3509 Only problem with your dream world list is that the vast majority of schools are overfunded, esp the "underperforming" ones, in 2021. Yet we see no improvement, oddly, for the exact same reasons one would expect (parents, social factors, cultural factors etc. etc.). The muh maintenance issues nearly always get solved, in the tiny handful of schools that even have them anymore, within a few years. Way better than even 40-50 years ago on the whole by a far as margin. There's plenty of commies or pinkoes or lefties in education in the US. That's a fact.

The fact that employers check credit is the most infuriating thing about it. Employment has ABSOLUTELY NOTHING to do with lending. It's just pure sadism for the sake of being evil.

@esonon5210

2 жыл бұрын

His statement about this is disingenuous. Employers check your credit score if you are taking on a job that involves lending out money. They need to make sure people in these roles are handling money responsibly so the company doesn’t give out loans to people who will default.

@willverschneider1102

2 жыл бұрын

@@esonon5210 This was the original purpose of employer credit checks. But now you have employers using it to narrow down the applicant pool for jobs that have nothing to do with money management. They choose the applicants with the best credit, as they wrongly associate credit with moral character. I stand by my original statement. Credit checks, as a hiring tool, do more harm than good.

@esonon5210

2 жыл бұрын

@@willverschneider1102 do you have proof of that?

As a Chinese, I've never heard of "social credit" in my country until some stupid Westerners kept asking me about it on international communication platforms. I've only heard of "credit cards" and "loans".

@PassionPno

9 ай бұрын

It’s called 国家社会信用体系. I searched on xhs and I could find posts of people talking about it. Don’t lie.

I got severely injured 10 years ago. It absolutely destroyed every aspect of my life. Lost my house, my business, my career, my equipment my health, my license (due to a judgement from the car I broke with my legs). I'm back to work after six+ years and doing everything I can to rebuild a reasonable life while raising my kids. It's almost impossible to fix your credit once it get to a certain point. It takes forever and requires absurd amounts of discipline. I will not let the accident destroy my kids lives too. It may kill me doing it but I will give them a shot at normalcy.

@paulvanbuggenum5733

2 жыл бұрын

At least you show your kids what a parent is supposed to do, maybe you can't give them much financially ( which sucks) but you can give them love. Though that you are living in a country where one event (blameless or otherwise} can destroy your life and that of your loved ones in so many ways Good luck to you ,I applaud your stamina

@trevmorin

2 жыл бұрын

God be with you brother, we're praying for ya

@velshock

2 жыл бұрын

A similar thing happened to me, so I’m with you, and Godspeed with getting your life back.

@workingshlub8861

2 жыл бұрын

i feel sorry for people who fall on hard times thru no fault of there own.......that being said alot of people are foolish and live beyond the means..

I lost over 80 points of my fico just because my bank's "automatic" payment did not kick in one month. It's freaking dumb.

Me not having a credit card in the first place is worse for me than being in debt and failing to pay bills when it comes to finding stable housing.

Don’t forget they have a term for this who pay of their credit cards every month; the credit companies call them “dead beats” because they pay it off before they can be charged any interest, and thus don’t earn them money;

@TheWiseDrunkard

2 жыл бұрын

Happy to be a deadbeat in this case. 😇

@janiceschroeder9908

2 жыл бұрын

Guess I am a deadbeat then. Why hasn't FICO found a way to penalize us for that? Then they could turn us down for everything so they wouldn't have to waste their time or credit card accounts on us. Not to mention mortgages.

@TheWiseDrunkard

2 жыл бұрын

@@janiceschroeder9908 I think it would be very weird to be punished for paying for things on time 😂 perhaps that's why?

I hate the credit system. I am disabled so my income is very low and expenses are very high. I didn't want to get credit cards but I found out that due to PAST medical debt that had been cleared, and due to not having a credit card at ALL, my credit SCORE was in the toilet. I now have a credit score around 740, but debt spread across several cards. How does that make sense? I used to live a cash-only type of life where I never spent more than I had, AKA I was fiscally responsible with my funds, and that meant I had a bad score. Now that I feel anxiety looking at my credit card balances, I have a good score. Wtf, I hate this!

@baronvonlimbourgh1716

2 жыл бұрын

The credit score is to determine who are the most profitable. Not who is responsible, it was never designed for that. The higher the score the most money they can make from you at the least risk of default.

@user-gz4ve8mw9l

2 жыл бұрын

I have a score of 3 due to having no credit history, and never having used a credit card in my life. I've never had any debt to date, and refuse to spend anything more than I can afford ever. So yes it is quite awful you get penalized for not playing their game all the same. Doesn't bother me, it's absurd, and nonsensical, but irrelevant.

@DEVIL67857

Жыл бұрын

@@user-gz4ve8mw9l 300 is the lowest score u can get..... the avg American without cred history starts around 650.

@Yahir_s._

Ай бұрын

@@user-gz4ve8mw9li agree I will Do the same.

Capitalism's social credit

@rjacks3284

2 жыл бұрын

the thing is social credit is actually beneficial to society as it would lower the credit score of the rich and dishonest billionaires for tax evasion and their companies impact on climate change. it would also reward honesty and people that pay their fair share. on the other hand a financial credit system is just evil.

@theskepticai3653

2 жыл бұрын

@@rjacks3284 everthing socialist do capitalism do its 300% worse. That 's the spirit.

@whwhwhhwhhhwhdldkjdsnsjsks6544

2 жыл бұрын

@@rjacks3284 to be fair it would be more invasive to your privacy though, like it was gonna be based on your search history and stuff

@whwhwhhwhhhwhdldkjdsnsjsks6544

2 жыл бұрын

@@Anonymous-df8it Selling your advertising data is completely different to using it to regulate what you can and cannot do with your money. Not comparable in this case. America does have more access to unregulated information and freedom of speech etc, but just look at it now, half the population thinks the other half is insane, and the notion that they live in the best place in the world and there is no need for improvement still goes strong. I don’t know how this compares to China though.

@whwhwhhwhhhwhdldkjdsnsjsks6544

2 жыл бұрын

@@Anonymous-df8it I think the difference in our views is what propaganda is. I would say the US is soaked with propaganda, not necessarily government pushed but mostly from news networks trying to promote their ideas over the others; not everyone in the US gets the same propaganda but almost all major news networks lean quite heavily towards particular ideals depending if they are “left” or “right”. If there is division like there is now there cannot be any kind of uprising, because as soon as one side promoted it the other would deny it. I personally can imagine this happening for supporters of both parties.

After paying off every card in full every month for years...my score started to go... down! Then I learned about 'utilization': the most bogus non-indicative measure of a person's reliability. After three months of gaming their stupid system...my score just went up 60 points! If ever there was a time for legislation to take down this nonsense, it is now!

This video needs to be shared to anyone who seems to think the Chinese social credit score is somehow a bridge too far.

the fact that a person with a lower credit score and lower income is charged more for the same car as a person with higher credit and high income is bogus. Charging the less fortunate more is the most fucked up shit

@bigpicturethinking5620

2 жыл бұрын

“The less fortunate” isn’t an accurate description. It’s a risk calculation so luck doesn’t play a role. Would you lend your own money to a person you know doesn’t pay people back or a person that you know pays on time as agreed?

@VegasPrintDaddy

2 жыл бұрын

@@bigpicturethinking5620 I wouldn't charge one person more than the other. That's the problem. Maybe if the person. Was t being charged higher interest rates they would be able to make their payments on time.

@bigpicturethinking5620

2 жыл бұрын

@@VegasPrintDaddy that’s not really an answer or solution. The alternative is to simply not lend the money., which will cause its own uproar.

@violetsonja5938

2 жыл бұрын

@@bigpicturethinking5620 FYI I am financial institutions examiner. Some financial institutions charge the same rate for everyone. Eventually the customers got over when the institution turned around and gave everyone a special dividend of their earnings. It is consistently one of the best performing institutions on my case load. (That does not necessarily mean all banks and credit unions should do it.)

@Vetgil

2 жыл бұрын

-999999 credit score, how dare you spouting lies! God bless America

Its honestly stupid. You can make a huge purchase with your credit card that can drop your credit and even though youll pay that whole debt off within a few months your credit score will still be lower than before you had it.

@winsonzhu4427

2 жыл бұрын

unless you ultimately pay back like twice the loan by spacing it out for a really long time lol

@GTAVictor9128

2 жыл бұрын

Nice profile pic.

@undecidedmumbling

2 жыл бұрын

If you use your credit card like a debit card (you buy on your credit card only what you can afford with your debit card and pay it off completely before your "minimum payment" is due) then your credit score will not fall. Though I know that not everyone can live this way because life happens. Just a suggestion if you didn't know

@speedy01247

2 жыл бұрын

@@undecidedmumbling I can't even get a credit card right now, idk why but I still somehow lack a credit score. (and I have a full time $15 an hour job and work overtime for time and a half pay)

@katwilliams2950

Жыл бұрын

You're not supposed to use it like that. If you charge it a ton then be able to pay it off for an upcharge in a few months....why not wait till you have the funds, charge it, pay off a portion so the amount is not too high when reports go into the agency, and then pay it off no interest in the following month. Like I get that it's not the greatest/easiest, but why not learn the system and use it too your advantage

The really sad part about this video is that it draws an unintentional parallel to Grand Theft Auto. In GTA Online, new players constantly ask pros "how do I make a lot of money, quickly?" And, unless you're willing to resort to exploits or mods, the only accurate answer was always "have a shitload of money already." No joke, it is 100x harder to go from $0 - $1,000,000 than it is to go from $1,000,000 - $1,000,000,000. But that's OK in GTA Online because GTA is supposed to be a satire of reality. Except it isn't. When it comes to many aspects of the in-game economy, the game is actually a one-to-one accurate representation of real life. And that's fucking sad...

Me: “I’ve lived my whole life without taking out loans or being in debt, can I get a mortgage?” Bank: “No, you’re not good with your money.” Me: “How is not being in debt mean I’m bad with money?” Bank: “🤑”

ironic how people complain about social credit score but don't talk about how terrible the US credit system is almost like something bad only matters when it is related to China...

@daseapickleofjustice7231

2 жыл бұрын

And the Chinese social credit is made to not be as awful as the US

@mekannatarry1929

2 жыл бұрын

Your point? They're both horrible systems lol.

@wamsang7818

2 жыл бұрын

@@mekannatarry1929 elaborate on how China's social credit score is a horrible system please. Unless you commented before watching, in which case watch the video first bruh

@burgerburger3626

2 жыл бұрын

@totoki LOL! The people? When have the people ever mattered in China? You don't know China if you think "the people" are going to change the CCP's opinion.

@private2809

2 жыл бұрын

@@burgerburger3626 sinophobic af

I've always despised the credit system, so I feel I am about to feel very validated.

Also, ever notice how it can take YEARS to improve a credit score, but only takes SECONDS to ruin it? If someone marries someone with bad credit, the first person's score TAKES A HIT too, assuming it's not DESTROYED.

I've done the most responsible thing possible, and never even risked having a credit card tempting me to spend money I don't have. Which means I have no credit score at all, so no one would even consider giving me a loan.

@Rhaegar19

2 жыл бұрын

This is the stupidest part of the whole thing. I'm willing to bet that if the actuaries crunched their statistics they would find that people who have never taken on debt for 10+ years are more likely than average to pay it back, and should therefore have good credit scores by default.

Here I am on my birthday, watching more videos about why the U.S. sucks so much. Maybe I should go out and try to have some fun instead of wanting to cry. 🤣

@SecondThought

2 жыл бұрын

Happy birthday 😁

@defianceforhumanity

2 жыл бұрын

Happy Birthday Ellary Rose! I hope you have a great day💐

@azael2078

2 жыл бұрын

happy bday :)

@ojiiq

2 жыл бұрын

Happy day of birth

@snorkey2462

2 жыл бұрын

Happy birthday 🎂 America is awesome. 😂 it’s the government that sucks. 👍

Just finished the video. This is a really informative video. I know next to nothing about credit score, other than 750 being the number to get. I had no idea that the credit score system was this discriminatory, but I honestly should have expected it. The idea that you need to get debt to be trustworthy is asinine.

@Flockfitness101

2 жыл бұрын

Just posted a step by step simple guide on how to lose weight. Make sure to let me know how u liked the video down in the comments!

@grantwithers

2 жыл бұрын

"This is a really informative video" Most of it is misinformation. "I know next to nothing about credit score" Which is why you don't understand why this video is misinformation for the most part. Watch graham stephan on credit scores if you want to understand them.

@grantwithers

2 жыл бұрын

" The idea that you need to get debt to be trustworthy is asinine." It's not "get debt" it is "reliably pay lines of credit as agreed" (separate things, although some debts can be lines of credit). And they're not looking for trustworthiness, they're looking for creditworthiness (separate things).

@richardspillers6282

2 жыл бұрын

@@grantwithers WOW. Dumbest thing I've read in a while.

Even in the late 90’s, I had tears welling up in the back of my eyeballs to this topic.

As an European, this is just one more aspect of the US that boggles my mind - specifically, that the American people PUT UP with it, and continue to somehow convince themselves that they're living under a functional system, never mind 'the best' one. I've never had a credit-card, and the only time I've ever gone into debt was back in college, when I found out I needed a root-canal - our free health-care here doesn't cover dental, so I had to come up with the money for it somehow. I paid off the resulting loan within six months of getting my first job right outta college, not wanting it hanging over my head any longer than absolutely necessary. Well, I've got a mortgage on my flat too, but I don't think of that as a debt so much as an investment... point is, the American idea of living on credit as a DEFAULT seems completely alien and ludicrous to me. The fact that the whole system is designed, from the ground up, to FORCE people into doing so, and punishing those who sensibly refuse to spend money they don't have yet, explains a lot.

Liberals and conservatives: Boy! I sure am glad I don't live China! Their social credit system sounds super dystopian. Me: wait until you learn what a credit score is.

@speedy01247

2 жыл бұрын

I've called people out on that, to bad they don't see how the two compare.

@user-xl1wm6xl9d

2 жыл бұрын

so, you agree with Chinese social credit system ?

@vehx9316

2 жыл бұрын

@@user-xl1wm6xl9d one can disagree with the social credit system and yet at the same time see that the US credit score is just as terrible.

@cactux7258

2 жыл бұрын

@@user-xl1wm6xl9d it doesn't even exist holy shit

@AndrewManook

2 жыл бұрын

@@user-xl1wm6xl9d Doesn't exist.

Credit scores are designed to keep, what Wall Street calls “human capital stock” (citizens), in the correct pens according to how much money they contribute to those Wall Street corporados and banksters.

@Flockfitness101

2 жыл бұрын

Just posted a step by step simple guide on how to lose weight. Make sure to let me know how u liked the video down in the comments!

@henryford2950

Жыл бұрын

Correct.

@alexanderkoruga6409

Жыл бұрын

US citizens aren't citizens. They are subjects, but what's worse is that they don't even know it...

This channel always helps me to feel better when I’m down about my life’s circumstances.

The credit score is not about your reliability as a borrower, its about how profitable a borrower you are.

It took me a while to get used to NOT having think about credit after emigrating from the US. Sure, it can come in handy when I need to make a massive purchase while I am still establishing myself (key word: "can" - not the same as "does"), but it does feel good to be able to rely on it less and less, and I hope to be able to fully stop using it very soon.

@Flockfitness101

2 жыл бұрын

Just posted a step by step simple guide on how to lose weight. Make sure to let me know how u liked the video down in the comments!

@metalvideos1961

2 жыл бұрын

we dont use credit cards in europe period. well maybe some people do. but mostly we dont. we use a debit card. much saver.

@velshock

2 жыл бұрын

Good on you for escaping this nightmare of a system!

People said China Social credits destroying society. Meanwhile in US: Credit System. Also this US credit system applied automaticaly to anyone with Visa / MasterCard in their bank account, which is more worrisome

@adamiadamiadami

2 жыл бұрын

It's pure projection. Many americans are ignorant enough to believe the stupid "China's social credit system" meme, while not realizing their own country suffers from a system that's not too different from the one the meme is about. Pretty sure it's a psychological symptom of american exceptionalism.

@daseapickleofjustice7231

2 жыл бұрын

China's social credit is ofc designed to be what the US credit system is not: a humane system that doesn't try to enslave the people

@Praisethesunson

2 жыл бұрын

@@adamiadamiadami America's social credit system is run by corporations instead of the spooky government. Therefore Muricas corporate controlled media is fine with it.

@wamsang7818

2 жыл бұрын

@@Alvin-xs7db In the US, corporations ARE the government in China, the government at least has some accountability

@somkeshav4143

2 жыл бұрын

@@wamsang7818 Can a one party possibly have accountability? Like I get our two party system isn’t that much better, but how can a one party state be held accountable? Edit: Grammar

Credit scores are definitely a scam. I paid my car off early last year, and I lost *150 points* on my credit score, from 730 to 580. I still haven't recovered from that

In Oz in 1992 i was denied a $1,000 credit card. my mum threw a fit, wrote teh branch manager and said this. My son left home 3 months ago at 18 with a single backpack of clothes, a skateboard and 1 spare pair of sneakers, he now owns a car, rents a flat, wears clothes I could never afford to buy him, furnished his flat, goes out every Friday night when he finishes work at an RSL and you say he cant get a credit card for a grand. How dare you insult my son so, he is where i was at 23 and he is 3 months out of home after leaving with nothing. Credit card arrived in the post 1 week after she handed it to the branch manager.

OMG!!! I was today years old when I realized that paying off your debt early hurts your credit score because it means lending companies aren't making any money off of you not because of payment history. Those fucking assholes!!! And yeah, they use trustworthiness as an excuse to stick it to the poor rather than give them a break. That is so messed up!

@grantwithers

2 жыл бұрын

"I was today years old when I realized that paying off your debt early hurts your credit score because it means lending companies aren't making any money off of you" It's not really that, and usually it doesn't "hurt" your credit score. What it is, however is that whatever boost your credit score is getting from that line of credit (mortgage etc.) being paid on time every month (or week or whatever) will go away, and thus your score appears lower. Further, this is not "because they're not making money", it is because you did not pay back the line of credit as agreed, rather you just paid it all early. Thus the "credit boost" that you were getting, now goes away.

@tomi1455

2 жыл бұрын

@@grantwithers same shit 😑

@tomi1455

2 жыл бұрын

@@grantwithers same shit 😑

@grantwithers

2 жыл бұрын

@@tomi1455 Not really, what I said just means you cannot juke/game the rating/rating system. What you said is something having to do specificlally with them making money.

@peterhou4359

2 жыл бұрын

This is not accurate. What you said is like claiming that drinking diet soda prevents diabetes... sure it's less likely to cause diabetes than its sugary counterparts, but the relationship here is far from direct.

If you think about it, a "social" credit system is not really that different from the American credit system. Both function as control mechanisms that promote social dynamics desired by the power brokers of society; in the US those control mechanisms happen to be in service of neoliberalism and the repression of racial minorities.

@NoContext440

2 жыл бұрын

Except ""social" credit system" is just a overused meme and not real.

@muhammadfadhilnurhafizwang7932

2 жыл бұрын

@@NoContext440 yeah. But i wonder what happened to people who said something like "june 4th 1989, tiananmen square" openly in china

@jimmytimmy3680

2 жыл бұрын

Or to the women and slaves in the Middle East.

@NoContext440

2 жыл бұрын

@@muhammadfadhilnurhafizwang7932 just go on any chinese website and see. It takes less than a min to debunk these memes. just how lazy are you people

@midnighteclipsed2738

2 жыл бұрын

@@muhammadfadhilnurhafizwang7932 that more or less just gonna make you in government watchlist at least, while social credit system were scrap all together Still a funny meme thou

When my mother and I moved we sold our house and she used the spare money to pay off every debt she had, She then lost around 60 points if I'm not mistaken because she closed all of the accounts that she was using to pay the debts. Screw credit scores...

I really dislike our credit system. When I paid off my last two debts last year (my car and student loans), my credit score dropped from high 700s to mid 600s. It's punishment for being responsible, and living within your means. Also, I have always believed medical debt shouldn't be tied to credit. You can choose to get a car loan, mortgage, and credit card, but you don't choose to get sick.

The repitition of the US' reputation of being a free country and leader of the free world is just nauseating, as nauseating as it is frustrating and despicable.

Seeing a Second thought vid in my feed is always a delight, love the content man

@SecondThought

2 жыл бұрын

Thanks so much! Glad to hear it

I was once a home consumer with multiple credit cards, which were used to supplement my crappy income. It eventually became untenable, my S. O was unwilling to help me get my stuff together, and life went pear-shaped. That was six years ago, things are better now.

@j3tztbassman123

2 жыл бұрын

Home= good This phone is not the best.

Been fortunate enough that I've never needed to take a line of credit for anything, but I had one outstanding medical bill I couldn't afford that completely tanked my score. Credit systems reward those that buy into them and can stay afloat, and punishes people who default or even people who don't want to participate in the credit system in the first place, since "good" credit can only be accumulated by taking out and repaying lines of credit. A complete sham, our systems simply do not work.

@andrewvc1527

Жыл бұрын

Oh no, our systems work *extremely* well. Its just that their function isn't to help build a society, their function is to extract every cent of profit from the proletariat and funnel it up into the bourgeoisie. American credit scores are quite excellent at doing that.

“Common sense is like deodorant. The people who need it most never use it.”

@Flockfitness101

2 жыл бұрын

Just posted a step by step simple guide on how to lose weight. Make sure to let me know how u liked the video down in the comments!

@trashcatlinol

2 жыл бұрын

...i can't wear most deodorants. I'm allergic to them. Do I need them more? Probably. I can't tell how bad I smell.

@Izzyjean

2 жыл бұрын

I don’t know why but it’s so easy to forget to put it on lolb

@Izzyjean

2 жыл бұрын

That’s why I keep one in my purse

@Moscato_Moscato

2 жыл бұрын

Except deodorants can have toxins like aluminum sulfates that poison your body for the allusion of cleanliness Your body needs you to sweat and excrete oils…obviously for a date or work, you have to manage this but at the end of the day, deodorant (especially the ones marketed for women) can be bad for your body

It's so mind-blowing to think that if you never had to take a loan, if you only bought what you could afford out of pocket, if you never carried a debt in your life - you have a bad credit score. That makes no sense at all

One thing that has always bothered me is utilities. If you pay your cable/power/cell/etc bills on time every time it doesn't adjust your score at all. Pay late 1 time and you take a hit. Most companies outside of mortgages and credit cards don't report positive history, only delinquencies.

My medical debt and upbringing based in poverty kneecapped me from participating in the borrowing system for the first decade of my adult life. Thank you for making this.

@SecondThought

2 жыл бұрын

I’m glad I could shed a little light on the subject. Solidarity ✊

@Flockfitness101

2 жыл бұрын

Just posted a step by step simple guide on how to lose weight. Make sure to let me know how u liked the video down in the comments!

@ryancooper6949

2 жыл бұрын

@@Flockfitness101 more like “The Shill Vegan”

@JB-yb4wn

2 жыл бұрын

How about electing people who support universal health care instead of saying it's "communist" or something. No such thing as medical debt in Canada.

@mattd832

2 жыл бұрын

@@JB-yb4wn we just use crowdfunding here in the US - I’m apparently not allowed to name any specific ones on KZread lol

rest of the world : yes meanwhile america : well yes but actually no

This is one of the most important videos from this channel. "Credit Score" is evil, and politicians are ok about it.

@henryford2950

Жыл бұрын

Because the politicians themselves profit tremendously from it.

thank you second thought for explaining things more simply! you have helped me a lot :)

my credit score was miss managed a few months after opening it. It's really a fucked system. edit: not to mention my friend whose ex pulled many cards under her name she makes 100k a year, cant get a home loan. not even a cheap one

just here to say that the crossover with RevLeft was a pleasant surprise. would love to see/hear more of that.

@SecondThought

2 жыл бұрын

I love RevLeft, so I was super excited to go on the show!

@CommieApe

2 жыл бұрын

Here here, comrade! JT is rad as fuck.

@wamsang7818

2 жыл бұрын

@@haadbinahsan620 1. watch the video you lib 2. the Uyghur stuff is complete bullshit. Just look up "China Affirmative Action" and think about whether it makes sense with a cultural genocide

@Lyudovik1917

2 жыл бұрын

@@haadbinahsan620 Hey, Second Thought is focussed on America, so he is naturally going to have more videos about America, because he is an American. He isn't ignoring it, I assume he is just not very familiar with the situation.

@ponguso1

2 жыл бұрын

@Irta Man or you can stop believing America when they constantly lie about other countries committing heinous crimes so we can go to war with them. IE Iraq, Vietnam, Afghanistan, etc etc etc. Idk how one can acknowledge a country lies and genocides but oh yeah they totally care about Muslims all of a sudden and china is totally genociding a population that's doubled in the last decade

I was denied a rental lease because I have no credit score, because I am a recent arrival to the US. This is despite offering to pay the entire lease's rent up-front!

@GGYGYU-es1dj

Жыл бұрын

not just the states, but in Canada I was denied getting a phone plan because of 'discrepanices' on my credit, I ARRIVED IN CANADA A FUCKING A DAY AGO, HOW IN THE GODDAMN HELL WOULD I EVEN HAVE DISCREPANCIES???

Reminds me of a rant I read on Reddit from someone who's bank decided she can pay rent on an apartment but can't pay a mortgage, despite the mortgage payments being almost a grand cheaper than her rent.

My wife and I currently have a "judgement" on our credit because we were evicted (improperly) from our apartment during the height of the COVID-19 pandemic, and still owe several thousand dollars on the lease. The worst part is, we are but two people in a sea of Americans who fall through the rather large holes in our so-called social safety net on a regular basis.

@pepeokatze

2 жыл бұрын

Or maybe you just didnt pay your due to the rent owner, Its your responsibility to make it not someone elses! Dont be lazy and start grinding!

@janiceschroeder9908

2 жыл бұрын

Why not try to make an agreement to pay once you can get about half of the money owed together in exchange for his withdrawing the derogatory mark from your credit report. No withdrawal of derogatory mark, no money. If he says no, then do it again with another several hundred dollars and so forth in several months, etc. Send as a cashier's check or money order and do NOT give access to your account because he might try to clean you out. Since it takes a month or so for the derogatory remark to be removed you'll need something in writing as to when you will pay at that time. If people think this sounds sort of like Dave Ramsey, it's because it is! Although I don't know how he would handle getting the derogatory remark removed and paying the debt thereafter. This is just my guess as to how to possibly accomplish this.

@gregdubya1993

Жыл бұрын

A court improperly evicted you?

Malcolm X: "You show me a capitalist, I’ll show you a bloodsucker.”

@suryanarayan2032

2 жыл бұрын

They're the same picture

My application for an apartment was denied a couple of days because my credit wasn't good enough (it's in the 600s) even though I make 5x the monthly rent and was able to prove it. My credit shouldn't even matter since I'm not taking money from them. All it takes is one bad thing to ruin your credit but it takes years to fix it and ends up costing you so much more than money.

Can we talk about how it considers student loan debt? I had my undergrad paid for by the GI Bill. I tried to better myself with law school. Law schools rarely give scholarships. I went to a top tier law school and graduated. I have an obscene amount of student loans from this. I noticed that it shows up on my credit. “You plebe, how dare you try and better yourself!?!”

Wow Muricas social credit score is very cruel.

@bqpahdoesstuff5123

2 жыл бұрын

And the United States is the first country to actually produce the Real Life Social Credit System.

Credit Scores definitely fuck over the common person, and if you don't know how to use it for your own benefit (like most Americans) in the intended way of Capitalism, you won't ne looking good in the future. I feel like though, getting rid of this system is not a thing that will be easy, and will be a thiny to do over a long period of time in fixing everything for the common person. Vote, use your 9th Amendment rights, and remember to put on sunscreen or something. (Also, the whole China credit system part was very accurate tbh, as they are just pulling an America with that.)

@nukiradio

2 жыл бұрын

I agree with everything you've stated, I'm a middle class college student and my credit score was "too low" for a free college checking account. My credit score was the DEFAULT score, So you are required to have rich parents who bail you out of massive credit debt just to earn that account. Who designed this!???

@michaeljohn8883

2 жыл бұрын

@@nukiradio Wealthy people designed this for their benefit.

How the hell did this get the listen book company endorsement? I thought he hated this corporation?

When I first got my credit card, I asked lots of questions about the credit system to the banker. Unable to answer most of my questions, she finally just said, "You just got to feel it".

When my mom first explained what a credit score was my 1st thought was "How is anyone supposed to do anything with a system like that?"

What should we expect from a system based on greed and acquisition. It's like living with the Ferengi from star trek.

@Saintnix69

Жыл бұрын

The Ferengi make NO SECRET about trying to screw people over.... At least they're HONEST and UP FRONT about it.

It sucks too if you are someone who normally is able to live within their means. Like I have no credit since I haven't needed to use credit. The only time I ever consider thing like credit is needed.....is for medical needs! I am glad the dentist wasn't too too much and they let me break the payments up. Right now I am working on seeing what I can do for surgery I had to go have recently. I hope credit will not effect it since the place has alot of services to assist people. They said I am very likely to qualify for them.

My credit ‘score’ was highest (760) when I had a $100K mortgage, had a bank credit card and a $20K car loan. I was barely making my bills back then. Now that I rent an inexpensive home, sold my car (only take Uber) and cancelled the credit card, my score dropped to 500. Yep, the system is rigged.

@uncomfortabletruths7990

Жыл бұрын

The system is rigged that’s right, but ur just stupid, why would u take a loan out when u could barely pay it off?? That’s the really stupid part. Also u never get a loan for a car. Use ur brain, study this stuff dummy

I long for a day without exploitation. A day when everyone can be okay.

@rockgod2131

2 жыл бұрын

That will never happen unless people change their thinking and mindset. If you always think negatively, you'll attract negative situations. This is a fundemental law of the universe in which we live in. Ironically, videos like this only deepen those negative beliefs and mindsets and further decrease the chance anyone struggling will escape it.

I stopped using the credit system back in 2008. And also stopped paying all my debts. No consequences in 14 years. Except my credit cards settled for 30% of what I owed through the IRS but that wasn't too bad. Pay cash for everything. It's great.

@jimmyhopkins9497

2 жыл бұрын

I happened to stop at the same time. I also have had zero consequence. I never had to settle any debt however. The only ones that ever tried to take me to court were the debt collectors who can not provide proof of debt(ownership of owed debt). Dismissed EVERY TIME.

@joshuahafer

2 жыл бұрын

@@jimmyhopkins9497 see for me I just got a bill from the IRS. The debt collectors "forgave" the debt and the IRS counted that as unreported income. So had to pay taxes on it which was less than 30% maybe a lot less I don't remember

@gamingthunder6305

2 жыл бұрын

i pretty much did the same thing. a paycheck was late and my bank bounced the same automatic payment to the lender twice after which the loan defaulted with out any option to fix the problem. after 10 years the collection letters stopped, my credit score is sub 500 and i could care less. i buy my phones out right and only pay 25 bucks for prepay phone service. i own my house. i own my car. my bills are under 400 dollars a month and i own 0 dollars to anybody. i also dont need to have the newest trend in what ever that may be. feels great to have escaped the boot that kept me down.

@no-oneinparticular1256

2 жыл бұрын

I want to avoid debt and credit cards too and I have no credit score but I keep hearing that I’ll need to build credit to rent an apartment. I hope that’s not true

@Moth1337

2 жыл бұрын

@@no-oneinparticular1256 you could do a credit builder account

I find it very strange that the more patterns I demonstrate which I would personally consider myself to be a risky borrower the more I'm trusted with other people's money, but when I pay off my debts and demonstrate that I'm a good borrower suddenly I'm not trusted anymore. It's almost as if they don't want people to pay them back. Like the objective is to find people who can put loaded with so much debt they'll just pay interest for the rest of their lives.

Interesting in China the social credit system is used to opress the bougeraises while in the US it is used to opress the proleteriot.

Another facet of the credit system is to fund the military industrial complex, by funneling as much cash as possible to the arms industry, via payments, interests and surcharges. The credit system also protects the arms industry from paying its outstanding debt to servicemen and citizens, they could just add more credit, and sap new capital from new people in the workforce.

Paying your bills on time doesn't count towards your score? Really about trustworthiness. God, I hate the profit motive.

I love how you used the map of Minneapolis too because I live here and its still fucking like this to this day.

I remember when I hit a deer and totaled my old junker I got from my grandma, that when I tried to get a 'new' used car, I either had to pay the full amount up front (about 10k) or have someone else with credit sign for me. I was 23 yrs old and had a decent paying job. Never missed payments for overpriced car insurance or rent or anything else but I was under 25 and had no credit history. I had to go pick up my grandma and have her sign, just so we have a vehicle and I could drive myself to work. I imagined if I was straight out of foster or another crappy situation with no one to be my safety net, I would have been screwed. No car, then no job from lack of transportation, then homeless. Credit scores are a giant scam.

I'm starting to understand the awful joke when it comes to black people and credit score.