- Have you had any experiences
that have damaged your credit score?
- Oh, for sure. I had an ex. (laughing)
- Whoo, I know where this is going.
(sneaky music)
- [Narrator] Hello!
- Hello.
- My name is Yan.
- My name is Sam.
- [Narrator] What are you doing here today?
- I am here to guess people's credit scores.
- [Narrator] Do you know your credit score?
- Yeah. It's probably like 8, 810.
- [Narrator] That's excellent.
- Thank you.
My mother established credit for me when I was a teenager.
- [Narrator] What do you know about credit scores?
- Had my identity stolen.
My mom opened up a fair amount of credit cards in my name
and racked up a lot of debt that was not being paid off.
So, it really tanked my credit score.
- I own 224 rental units.
I look at a lot of credit scores.
- [Narrator] How much do you rely on credit scores?
- Past behavior is the best indicator of future behavior.
And so if I can only look at one piece of data,
I'd rather know how they have used or abused their money.
- [Narrator] I'm gonna hand you a list
from excellent all the way down to bad credit.
- Okay. All right, okay.
- [Narrator] So, you're gonna interview these individuals
one at a time.
I'm gonna ask you after that interview
to put them in one of these categories.
- Okay.
- [Narrator] What's your methodology gonna be?
- It's gonna be how clean you're dressed.
I might do odor. I might do shoes.
I might do socks.
- Ask them if they're making
their minimum payments every month.
- How long have you had your credit lines open?
Do you own a home?
I feel like I'm gonna guess pretty easily.
- [Narrator] Are you ready to meet your people?
- Well, if they excellent, they're my people.
(Narrator snickering)
I don't know about the bad.
- [Narrator] All right, let's bring our first person out.
- Hi. - Hello.
- We've got a fit...
- Talk to me nice, (indistinct). Talk to me nice.
- This is a trip.
- First thing is the grill, obviously. I like it.
I almost wore, I'm almost wore a cap today.
Nice, coordinated. All right.
- Come on, you see me.
- Who taught you about financial literacy?
- Nobody talked to me about credit.
- Right.
- And so nobody was talking about credit.
What it does for you, what you need it for.
- Right.
- Have you had any experiences
that have damaged your credit score?
- Oh, for sure. Biggest one was student loans.
My first couple years of college, me just not knowing,
hey, if I can get more money, check this box.
All right, cool. Let me get that.
I had to give people $10,000 back off of $3,000,
something like that.
- What?
- Looks very clean cut. Has gold teeth.
I'm thinking...I'm gonna say 670 to 739. Good.
- I'm gonna give you a good score, 693.
- I know how much they dock you
from just checking your credit score.
I think your credit score is fair and it's around 600.
Am I right?
- 615.
- Whoo! Yeah, let's go.
- Did having a low credit score affect anything?
- Hell yeah, man.
Because of my experience with that
I talk about credit with my students all the time,
like every day.
'Cause I work in high school.
You about to get out here into this world.
Nobody was talking to me about credit.
- Nobody taught you.
- Nobody taught me about it, this is why important. So....
- Yeah. Goodbye, nice meeting you.
- Nice to meeting you.
- All right. - All right then.
- All right, how are you? - Good, how are you?
- Yan. - Logan.
- Logan. Nice to meet you, man.
- You too. Like your coat.
- I appreciate it. I like your shirt.
- Thank you.
- Yeah. Did you buy that with a credit card?
- I did not buy it with a credit card.
But you did a firm for payment installment thing.
- Okay.
- Got the blue mohawk and you got the full body tags.
People would say that people who get tattoos
are fiscally irresponsible.
- What do you do for work?
- I work full-time in retirement planning services
for a financial group.
So I basically talk to old rich people all day
about their retirement plans.
- So, you must be good with money though,
because you're talking to them about money?
- Yeah.
(Sam snickering)
- How many times have you been ever late
paying a credit card or a personal loan?
- Once.
- You've only missed one payment? That's really good.
I've only ever missed one payment.
- When you came in and I just looked at you
I was thinking society would probably say bad.
Now, you said you work
in the financial industry a little bit
so I'm gonna say you're probably very good.
740 to 799.
- No.
- I wanna give you a good score. 703.
What is it?
- 704.
- Oh, yes! Ah!
- I love your everything.
- Thank you.
- We have fashionista here.
- Yes, I'm a designer.
- What's your gross annual revenue?
- My gross annual is technically 40 and up, 40K and up.
- Okay, got it.
- Have you ever experienced any fraud or identity theft?
- Yes.
- What happened?
- Someone charged six iPhones on my AT&T account.
- Oh my goodness.
- I had to file a police report
and I thought it was gonna be all like CSI.
No.
- No. They don't even really care.
- No. Is this all we're doing?
- And did they give you the money back or...?
- No, they're still hunting me down for it.
- Oh, that's intense.
- I know.
- Since you had that setback and that fraud,
your credit score hasn't had a chance to recover just yet.
I'm gonna guess 589.
- Missed it by four points. (laughing)
- [Narrator] Woo! - Yeah.
- Have you done anything to protect yourself since?
- I had my credit locked for two months,
thinking that's it, I'm good.
But after the two months, no. The trouble came back.
- Do you feel like the headache of all of that
is keeping you...kind of.....
- Moving forward?
- Yeah. Keeping you back from.....
- Oh, yeah.
- Progressing in your business and in life?
- Yes. I need more protection.
- Yeah. Identity theft is no fuckin' joke.
- Nope.
- Let me see that. You got a Pokemon tattoo?
- I do.
- And how old are you?
- 20. - Oh, 20.
I'm thinking bad, 300, 579.
- [Narrator] (laughing) Tell me why?
- Okay.
- The laces.
- The laces? Oh, okay, yeah.
- I mean, Jesus Christ, man.
- Do you feel like a financially responsible person?
- Sometimes.
- How many times have you missed a payment?
- Maybe like four times.
- Um, 623. How'd I do?
- False. I have a 770.
- Multiple missed payments? I can't, I don't know.
- It was, I mean, it wasn't like I waited for a while.
I'd probably only be like a week after.
Something like that.
- Oh see. See, okay.
Typically it doesn't hit your report
until 30, 60 and 90 days late, right?
- Oh, I didn't know that.
- The longer it goes. Right, you can be two weeks late.
You can be three weeks late. You're killing it, man.
- That's good news.
- That's (indistinct).
- I know, right?
- Hello! - Hi!
- My name's Andrazelle.
- Oh, my gosh. This outfit.
- Is this custom?
- No, it is designer.
- It is designer. Yeah, okay.
You look like you might see
a designer dress that you might like
and if you have credit, you're gonna throw it down.
I'm gonna say fair.
- Fair? - Uh-huh. 580 to 669.
- How old are you?
- 25.
- And do you have any credit cards?
- Only one. Last year.
- Okay. So we've had one year of a line of credit.
- Technically, my line of credit started at 18
because I did get fraud
and an account was opened up in my name.
- Oh, wow.
I've experienced something similar as well, yeah.
- What happened?
- Individuals used my information
to buy a BMW that got repoed.
- What?
- And they said that like, I was in the 340s
and I'm like, what do you mean? (laughing)
And so I had to build it up from there.
- You're still like, rebuilding your credit.
So, I'm gonna say you're in the good range.
- That's fair.
- And I'm gonna say 670.
- Oh! Just hit like, 687.
- Nice!
- I was like in the 324, 340 range for like, a solid year.
- I know how hard it is to like, rebuild it.
You know, it's kind of that slippery slope
where like once you have bad credit
it's really hard to climb out of it.
- Yeah.
- Credit is like your bloodline.
- Yeah, this is a beautiful sweater.
- Thank you.
- No pills. Vegan Doc Martens.
Your teeth are very white.
- Oh, well, thank you.
- Yeah, very white. - I appreciate that.
- So I'm gonna say good. 670 to 739.
- Have you ever missed a payment?
- Yeah, unfortunately.
- Quite a few, or just like a few?
- A few.
- Okay.
- Do you have any loans?
- A loan that's attached to a mortgage.
- What is your income?
- It's high.
- That's good.
So, a bank trusted you enough to give you
probably half a million or more in debt
and to live in this expensive ass city, so that's good.
Okay. So you must have a good credit score, 714.
Higher? - Uh-huh.
- I'm gonna say you're in the very good range. 750.
- No. - What is it?
- 811. - 811. Well, that's awesome.
- What about my story
made you feel as though it was around 730?
- There's nothing about you personally.
Like, you look very well put together.
Obviously you make a decent income
and you live in the city where you have your own house.
But as soon as I heard multiple missed payments,
I just assumed there's no way it could be at 800.
It's good enough to get a mortgage
but not good enough to be in that upper excellent range.
Most mortgage lenders,
if you're above 720 you're golden, right?
But 811 surprised me.
(bright music)
- [Narrator] Show hands, how many did Sam guess correctly?
- Okay. I did better than I thought I would.
- Okay, that's good.
- Who did Dewa guess correctly?
Oh, you didn't get anybody in their category?
- I didn't think so.
- [Narrator] Nobody in the...did you even look?
Just, just look.
- Did I even look, what?
- Oh no!
- That I got no one right?
(all laughing)
- [Narrator] Have you ever thought about
protecting your credit?
- Mine? - With a monitoring system?
- Yeah. I know, yeah.
- [Narrator] Have you heard of Aura?
- No. - It's an online safety app
that protects everything you and your family do online,
your money, passwords, identity.
Is this something you'd want to try?
- Oh yeah.
- [Narrator] Glance through some of the features.
Aura will alert you
if there's been any suspicious activity on your cards.
You can lock your credit with a tap.
- Oh, okay, yeah.
- [Narrator] And this password manager
that can automatically change your passwords
if they have been compromised.
- That's cool.
- [Narrator] You can try it for free at aura.com/cut.
I think you should check it out.
- I think I will.
- [Narrator] Who in this line
do you think needs it the most?
- [Group] Oh, no.
- Probably purple dress. Sophie.
- [Narrator] Sophie? - Yeah.
- Yes.
- [Narrator] This deal is open to everyone.
If you go to aura.com/cut, check it out.
- I will check it out.
- [Narrator] All right.
(group laughing)