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Speaker 1: Welcome to the show.

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Speaker 2: I am Rashwan McDonald, the host of Money Making Conversations Masterclass,

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Speaker 2: where we encourage.

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Speaker 1: People to stop reading other people's success stories and start

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Speaker 1: planning their own. Listen up as I interview entrepreneurs.

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Speaker 2: From around the country, talk to celebrities and ask them

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Speaker 2: how they are running their companies, and speak with non

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Speaker 2: profits who are making a difference in their local communities. Now,

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Speaker 2: sit back and listen as we unlock the secrets to

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Speaker 2: their success on Money Making Conversations Masterclass. Hi, I am

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Speaker 2: Rashaan McDonald, our host this weekly Money Making Conversation.

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Speaker 1: Master Class show.

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Speaker 2: The interviews and information that this show provides off for everyone.

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Speaker 2: It's time to stop reading other people's success stories and

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Speaker 2: start living your own. I'm here to help you reach

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Speaker 2: your American dream. My guest is the senior director of

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Speaker 2: Public Education and Advocacy for Experience. He leaves experienced national

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Speaker 2: consumer education programs and works with consumer advocates, financial education,

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Speaker 2: media and others to help consumers increase their ability to

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Speaker 2: understand and manage their personal finances and protect themselves from

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Speaker 2: fraud and identity there please welcome the Money Making Conversations Masterclass.

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Speaker 1: Rod Grifforth, how you doing.

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Speaker 3: Rock fantastic, glad to be here.

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Speaker 2: Well, thank you for coming on the show, because I'm

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Speaker 2: gonna tell you some broad my email. My phone is

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Speaker 2: being inundated with messages that I don't know if it's

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Speaker 2: real or not. It looks like it may be a bank,

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Speaker 2: it looks like it may be a credit card. Tell

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Speaker 2: me what's going on, because I want to start our

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Speaker 2: conversation with what you said right here, educating us about

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Speaker 2: fraud and identity there.

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Speaker 3: Yeah, so we all get the notices of data breaches,

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Speaker 3: we all get the emails. I get them too, and

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Speaker 3: sometimes phone calls as well. And you know, fraud is

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Speaker 3: something that everybody's after today. I sometimes tell people that

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Speaker 3: the currency for today of today isn't necessarily cash. It's information,

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Speaker 3: and a lot of times it's personal information. It's your identity.

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Speaker 3: Because if they can steal your identity, they can use

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Speaker 3: it to do all sorts of things. They can use

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Speaker 3: it to try to apply for frauduct credit accounts, they

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Speaker 3: can use it to apply for IDs, for government benefits,

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Speaker 3: for all sorts of things. So the identity thieves are

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Speaker 3: busy trying to trick us into giving them our information.

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Speaker 3: Our personal and private information, our financial information, so that

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Speaker 3: they can use it to their gain and against us.

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Speaker 3: So it's a huge problem and they're getting more sophisticated

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Speaker 3: about it. And artificial intelligence is something that's actually something

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Speaker 3: we're even more concerned about today because you may not

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Speaker 3: even be talking to a person now or getting an

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Speaker 3: email from a person. It could be a machine that

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Speaker 3: is posing as someone you know and playing on those

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Speaker 3: emotional heartstrings to get you to give them and from

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Speaker 3: and that's what they want. So we have to learn

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Speaker 3: to kind of recognize those and to know when it

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Speaker 3: probably isn't someone that we know or love, or someone

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Speaker 3: we shouldn't share information with. One example, if the bank

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Speaker 3: asks you for your account number, it's not your bank right.

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Speaker 2: A call you asking for anything in a past word,

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Speaker 2: asking for an account number, that's not legit. But again, experience.

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Speaker 2: I'm a guy who is tries to keep my credit

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Speaker 2: score right. Tell it everybody, what exactly is experience and

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Speaker 2: how does it benefit mean?

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Speaker 3: So yeah, experience. We're best known as one of the

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Speaker 3: big three credit reporting companies, so the experience trending equifacts.

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Speaker 3: So we collect and share in accordance with the fair

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Speaker 3: credit reporting act. Of course, the credit information, so the

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Speaker 3: accounts that you have and how you're repaying those debts,

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Speaker 3: So that's one piece of our business, tell about fraud,

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Speaker 3: identity theft. We also have a business that helps companies

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Speaker 3: identify attempts to steal their information or help them recover

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Speaker 3: when they've had a breach. We also help protect people

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Speaker 3: from fraud and identity staff so we use information to

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Speaker 3: help business and lenders, for example, recognize when someone's trying

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Speaker 3: to use information that they've stolen to get your information.

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Speaker 3: We have monitoring services that can alert you when something

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Speaker 3: pops up in your credit history that could indicate your

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Speaker 3: victim of fraud, so we help make you aware of

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Speaker 3: potential attempts for fraud. We also have a business that

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Speaker 3: is an identity verification service. For example, if you're working

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Speaker 3: with a Social Security administration and you go in to

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Speaker 3: get your social Security account information, so how much money

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Speaker 3: you get paid when you retire, which at long way

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Speaker 3: from but hope to get there's some day that we

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Speaker 3: have an identity service, so they're using experience information so

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Speaker 3: when you go in, they're matching it to information that

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Speaker 3: helps them ensure you are you and not someone who's

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Speaker 3: trying to access your account fraudulently. So we are working

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Speaker 3: on a number of fronts to help protect people from

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Speaker 3: product identity, to have to help them improve their financial lives,

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Speaker 3: to help them gain access to information that can help

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Speaker 3: them be more successful.

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Speaker 2: Now, it is really interesting, and I've heard the word

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Speaker 2: savvy and then the word financially savvy.

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Speaker 1: Now I don't know what that means.

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Speaker 2: So help me and help my audience gain a grip

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Speaker 2: on what financially savvy means.

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Speaker 3: Yeah, when I think of being financially savvy, it's when

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Speaker 3: you control your money and it doesn't control you. So

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Speaker 3: you understand how many works you use financial tools to

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Speaker 3: your advantage. So credit is a financial tool of debts,

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Speaker 3: the financial problem, and if you can use credit well,

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Speaker 3: it can give you a financial advantage. For example, if

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Speaker 3: you have a credit card and you get cash back,

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Speaker 3: or you get airline miles and you make charges with

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Speaker 3: that card discounts on purchases and then pay the balance

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Speaker 3: in full, you're not taking on debt, but you are

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Speaker 3: getting a financial advance. And that's a financially savvy thing

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Speaker 3: to do. You know, when you understand investing, which I'm

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Speaker 3: sure you talk to your listeners about often or saving

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Speaker 3: and having that emergency savings account when you budget. We

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Speaker 3: all hate that word, but it's really a tool to

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Speaker 3: help you be in control of your money rather than

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Speaker 3: it controlling you. And that's what financially savvy. Being finished

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Speaker 3: with seventy is all about to me.

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Speaker 1: I'm speaking with Rod Griffin.

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Speaker 2: He's the senior director of Public Education and Advocation for Experience.

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Speaker 2: You know, I'm gonna tell you this. When the credit score.

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Speaker 2: You know, my daughter, she's so proud she has an

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Speaker 2: eight hundred plus. You know, Dad, he's kind of wore down.

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Speaker 2: I got some credit. My hangs between high sixty and

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Speaker 2: middle seven hundreds. You know, high six, middle seven hundreds.

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Speaker 2: So she laughs at me a lot. I said, but

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Speaker 2: you know you're not living a life yet. Now when

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Speaker 2: you say credit score, I'm just read it out tomorrow, audience.

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Speaker 2: They aren't aware what credit score is. Poor is three

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Speaker 2: hundred to five seventy nine. Fair is five eighty to

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Speaker 2: six six nine. Good is six seventy to seven three nine.

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Speaker 2: Very good is seven to seven ninety nine. Excellent is

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Speaker 2: eight hundred to eight fifty. Now excellent. Everybody wants to

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Speaker 2: be there, like I said, I hang in that at

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Speaker 2: seven hundred mid seven hundred range.

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Speaker 1: How does this score put together?

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Speaker 3: Rod? Yeah, and it's and it's just to complicate things further,

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Speaker 3: there isn't just one score, so there's lots of different

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Speaker 3: score and so there are three credit reports and that's

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Speaker 3: where we have to start. Every credit score uses the

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Speaker 3: information from your credit report to do the calculation. If

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Speaker 3: you're buying a car, they have a credit score that

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Speaker 3: just to surprise you, I Fico has a score for

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Speaker 3: buying a car auto landing score that goes to nine hundred,

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Speaker 3: not just eight fifty. So if if you want to

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Speaker 3: win a bet that you have the best scorer, get

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Speaker 3: your auto score, you might have a better than eight

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Speaker 3: fifty or win every time. But the thing to understand

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Speaker 3: is they're all looking at the same stuff. They're all

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Speaker 3: the information for credit report, and they're all looking at

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Speaker 3: number one, how you're paying your bills and you're paying

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Speaker 3: your bills on time or are they late, so like

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Speaker 3: payments are going to hurt your scores. The second thing

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Speaker 3: they're looking at is are your balances on your credit

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Speaker 3: cards really high compared to the credit limits. So if

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Speaker 3: you can keep your credit card balances down and you

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Speaker 3: pay your bills on time, you're going to have good

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Speaker 3: credit scores because everything else builds on those two things.

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Speaker 3: They look at the length of your credit history, so

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Speaker 3: how long have you been paying bills and paying them

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Speaker 3: on time. They look at the mix of kinds of

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Speaker 3: accounts you have, said you have car loan or own

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Speaker 3: credit cards, so on. That sort of happens with time

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Speaker 3: as you use credit, and they'll develop that. They look

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Speaker 3: at what's happened recently, So if you applied for new accounts,

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Speaker 3: have you reduced your debts? Have you taken on more debt?

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Speaker 3: So if you're paying your bills on time, keeping your

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Speaker 3: balance as little, you will have good credit scores. It's

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Speaker 3: just behavior over time. You sell people banks like people

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Speaker 3: who are boring. They don't want anything surprising. Just pay

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Speaker 3: the bills on time, keep the balances low. Do that

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Speaker 3: over and over and over you'll have good credit scores.

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Speaker 3: So there's no real secret. The important thing get your

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Speaker 3: credit report, know what's in it. It's free. You can

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Speaker 3: get it once a week from each of the three

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Speaker 3: bureaus at annual credit report dot com. You can get

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Speaker 3: a free monitoring service from Experience we'll give you a

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Speaker 3: free report every thirty days along with a Fiko eights ware,

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Speaker 3: and most importantly, the factors that are driving that score.

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Speaker 3: So when you get a credit report and score from Experience,

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Speaker 3: we give you at least four and sometimes five risk

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Speaker 3: factors that explain what is having the most negative effect

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Speaker 3: on the score, so that you can look at your

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Speaker 3: credit report and pay at what you need to work on. So, yeah,

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Speaker 3: the thing I tell people is the number doesn't matter,

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Speaker 3: and they look at me like I'm crazy, because it does.

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Speaker 3: Of course it does, YEA, yeah, well yes it does

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Speaker 3: when you're talking to the bank and they're trying to

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Speaker 3: get a loan. But if we're just like we're talking

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Speaker 3: right now, right, you know, the number doesn't tell you much.

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Speaker 3: But if you get your credit report and a number,

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Speaker 3: then you have something to work on. You have context

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Speaker 3: around it, so you can look at the risk factors

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Speaker 3: that go with it, and look at your credit report

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Speaker 3: and say, okay, it says my balances on my credit

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Speaker 3: cards are too high. Well, here's the credit cards that

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Speaker 3: have high balances. That's what I need to focus on.

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Speaker 3: So it empowers you to act. If all you have

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Speaker 3: is a number, you can't do anything. You know, if

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Speaker 3: I said you know, I would to bet that you're

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Speaker 3: about a seven to eighty. What do you do about that?

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Speaker 3: But if I said, you know, your balances are about

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Speaker 3: thirty percent of your credit credit limit on a card,

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Speaker 3: now you know what you can do to reduce the

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Speaker 3: bount and to what you need to focus on. So

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Speaker 3: that's what we want to do, is try not to

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Speaker 3: focus too much on the number, focus on the credit history.

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Speaker 3: The number gives you a place to start from.

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Speaker 1: I'm Jason Brod. You've already told me some information.

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Speaker 2: I didn't know the word free reports are free and

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Speaker 2: you say alerts are free.

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Speaker 1: I didn't know that. Why.

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Speaker 2: I just got to ask you, why don't I know,

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Speaker 2: Rushan MacDonald know that experience you can register for free

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Speaker 2: to get free reports, free alerts, and free scores send

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Speaker 2: to your email box on a regular basis. Help me

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Speaker 2: educate me because I'm sure a lot of people listening

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Speaker 2: didn't know that either. Because I'm being inundated with all

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Speaker 2: this fraudulent stuff and experience having stuff that can bring

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Speaker 2: value to me help me become financially savvy and improve

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Speaker 2: my financial health.

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Speaker 3: Yeah, so there we have. Of course, different levels of

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Speaker 3: service with our business, but we have at the base level.

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Speaker 3: You go to our app, so you can download our

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Speaker 3: app on your phone or your mobile device, or you

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Speaker 3: can go to experience dot com and enroll in a

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Speaker 3: free monitoring service. And you do, you get a free

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Speaker 3: credit report once a month, You get a free Fyco

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Speaker 3: eight score and the respectors that go with it. So

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Speaker 3: the exchange is will offer you potential access to credit cards.

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Speaker 3: You might qualif five four you can tell us. Here's

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Speaker 3: the things I'm trying to do. The most powerful word

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Speaker 3: in credit and finance in general, I think is no

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Speaker 3: too little letters. So if you get offers, you don't

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Speaker 3: want them to say no, and that will inform you

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Speaker 3: with your credit score or your credit report and give

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Speaker 3: you the power to act on it. The annual credit

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Speaker 3: report dot com is the free government required site, and

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Speaker 3: you can get a free report from each of the

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Speaker 3: three credit bureaus once a week, so you get more

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Speaker 3: than one hundred a year if you want them. I

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Speaker 3: guess I mean quite that many, but you can get them.

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Speaker 3: They typically don't include a credit score, so you can

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Speaker 3: get free credit reports. If you're a victim of fraud,

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Speaker 3: you can get free credit reports. So if you got

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Speaker 3: to experience dot com fraud, if you believe you're a

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Speaker 3: victim or or are may have been or are, will

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Speaker 3: give you a free report along with the ability to

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Speaker 3: at a free fraud alert, and then you can get

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Speaker 3: reports and take additional actions if you need to. So

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Speaker 3: there's no real reason to pay for a credit report.

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Speaker 3: So today you can get free reports. And I always

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Speaker 3: tell people you should get a report. Why don't they

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Speaker 3: Usually they tell me they're afraid to see what's in it,

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Speaker 3: So don't tell me. I asked people, you get your

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Speaker 3: credit report and raise your hand. I'm talking to the audience,

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Speaker 3: and you see the heads drop you head, Why you

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Speaker 3: don't be afraid.

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Speaker 4: Please don't go anywhere. We'll be right back with more

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Speaker 4: Money Making Conversations Masterclass. Welcome back to the Money Making

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Speaker 4: Conversations Masterclass, hosted by Rashaun McDonald.

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Speaker 1: And I'm gonna tell you this.

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Speaker 2: My identity was told and so that's frightening because you're helpless.

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Speaker 2: You see these credit card bills coming down, and there

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Speaker 2: was a several stores. They brought a computer over here,

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Speaker 2: they brought food over here, and it was just shocking.

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Speaker 2: But the only way I could get it back. Was

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Speaker 2: I'm gonna just tell you are in save my credit?

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Speaker 2: You know, with the alerts. I went to you guys,

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Speaker 2: I told you I fraud was happening. You reacted immediately,

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Speaker 2: and then the alerts saved me and they start blocking

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Speaker 2: and it will call me and contact me, is hey,

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Speaker 2: is this you?

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Speaker 1: Is this you make a setting up this account? Is

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Speaker 1: this you? To get it cleaned up?

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Speaker 2: It took about about a year, but I got back

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Speaker 2: back on my feet, And so that goes to my

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Speaker 2: next question. Establishing your credit rod and rebuilding your credit.

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Speaker 1: There are two different things.

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Speaker 2: How those ones establish their credit and then how do

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Speaker 2: they rebuild it?

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Speaker 3: Yeah, so you're right, two different things, and having access

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Speaker 3: to credit history. Having a credit report is really important

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Speaker 3: in the financial world. It's one of the first things

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Speaker 3: that people will often look at. So for example, people

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Speaker 3: don't know that when you apply for an apartment lease,

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Speaker 3: they look at a credit report. If you're applying for

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Speaker 3: utility service, they'll look at a credit report. When you

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Speaker 3: get a self, they're going to look at your credit report.

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Speaker 3: So we know about credit cards, are getting a home

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Speaker 3: on that sort of thing, but it's other parts of

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Speaker 3: their life too. So establishing credits very important. Several ways

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Speaker 3: you can do that. One you can have a family member,

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Speaker 3: friend and you as an authorized user to an account

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Speaker 3: and then that account would be reported as part of

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Speaker 3: your credit report. You could apply maybe get qualified for

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Speaker 3: a small loan and have that reported, but that often

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Speaker 3: is difficult to do. So experience also is created something

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Speaker 3: we call Experience Go. When you enroll in our app,

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Speaker 3: if you do not have a credit report with us,

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Speaker 3: we'll ask you some questions and we'll actually create a

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Speaker 3: credit report for you. So you name your address, self

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Speaker 3: scary numbers, some other details. I'll ask you for a

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Speaker 3: live selfie, so if you wink or smile so we

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Speaker 3: know it's you, we'll create a credit report and all

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Speaker 3: that will have in it is your identifying information. From there,

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Speaker 3: we have something we call Experience Boost. Experience Boost actually

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Speaker 3: lets you add your cell phone payments of information, not

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Speaker 3: negative only positive information, but your positive cell phone payments,

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Speaker 3: positive utility payments, positive streaming services things like Netflix, Zulu,

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Speaker 3: your rent potentially, so we work with a number of

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Speaker 3: property management companies, your insurance payments, and we can capture

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Speaker 3: up to two years in information. Add that to your

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Speaker 3: credit report. So it's possible that if you don't have

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Speaker 3: a credit report at all, with experience, to go from

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Speaker 3: no credit history to having a credit report plus a

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Speaker 3: number of accounts credit scores, not having a report to

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Speaker 3: have a score to scores in the six hundred and

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Speaker 3: thirty range we've seen in some instances just in a

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Speaker 3: matter of minutes. So get you started, not a great score,

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Speaker 3: it's going to get you going. And so that's critical

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Speaker 3: is just having that credit report, because that's.

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Speaker 1: Going to saying but consistent payments. If you have a

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Speaker 1: debit call, that debit.

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Speaker 2: Call, you have your gas bill or your rent or

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Speaker 2: your Netflix account tied to that debit call, that shows

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Speaker 2: assistant payments. That's what you're talking about, and that in

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Speaker 2: turn can be inputed into your experiment account.

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Speaker 1: It starts building a base.

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Speaker 3: Right, and so with Experience Boosts, we connect to you

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Speaker 3: give us your permission, so it's permission based and tell

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Speaker 3: us I want to add these accounts and this is

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Speaker 3: the savings account or checking account, so academic card, checking

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Speaker 3: account or credit card you pay it with, and we're

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Speaker 3: able to then capture those payments and for each of

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Speaker 3: them you tell us you want to add, will add

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Speaker 3: an account to your credit report, so, and then we'll

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Speaker 3: immediately show you your score result too. So we give

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Speaker 3: you another free report and a score when you start

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Speaker 3: the process, and then we give you a importance score

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Speaker 3: when you finish in rolling. And you can see if

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Speaker 3: there's a difference if you are beginning to build credit

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Speaker 3: or you're working to rehabil it. But I think it's

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Speaker 3: rehabilitate your credit or rebuild it for most people, that's

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Speaker 3: when they see the most impacts. If you have thin

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Speaker 3: credit file, fewer than five accounts, or you've add scores

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Speaker 3: of less than six hundred eighty or so on a

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Speaker 3: fi COO eight score, that's who will typically see the

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Speaker 3: most benefit because there's just not much history there to

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Speaker 3: calculate score with. And so, and it's free. Again, it's free,

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Speaker 3: and it's permission based. If you don't want to continue,

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Speaker 3: you can tell us to stop. We'll remove the accounts.

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Speaker 3: So again we're trying to give people control of that

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Speaker 3: information and to make sure that they have a full

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Speaker 3: picture because those companies might report the negative information if

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Speaker 3: you don't make those payments, but they don't typically report

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Speaker 3: the positive information.

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Speaker 2: Now, as you're building your account, are rebuilding your account.

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Speaker 2: What are there any additional steps that I've missed in

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Speaker 2: here in your conversation.

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Speaker 3: Yeah, so several things. So experience boosts might help in

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Speaker 3: that regard as well. You know, if you've had some

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Speaker 3: issues and life happens. We all know and have had

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Speaker 3: those experiences and some things, and so you take steps

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Speaker 3: to start to recover, get your report know it's there.

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Speaker 3: Experience boosts might help in those instances because you're adding

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Speaker 3: positive history. And then it's about you know, having a

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Speaker 3: small account, making the payments on time every single time,

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Speaker 3: and that's critical. Work with experience to help you identify

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Speaker 3: what needs to be take care of. If you've been

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Speaker 3: a victim of fraud, I was too. I actually had

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Speaker 3: my tax forms were stolen and so there was a

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Speaker 3: tax file of my name.

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Speaker 2: It's really you like me, you know, that's like when

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Speaker 2: it happens raw, it's like you just feel so helpless

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Speaker 2: and then you start trying to figure out how it happens.

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Speaker 1: And I think another thing.

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Speaker 2: That people need to do is, like I use my

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Speaker 2: credit card a lot, and you really should audit your

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Speaker 2: monthly billy. Sometimes they'll drop little low payments monthly like

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Speaker 2: twenty five dollars or fifteen dollars and they'll just build

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Speaker 2: up over time and you don't know.

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Speaker 1: I've caught that on.

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Speaker 2: My credit card statement because I run a business and

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Speaker 2: so because people will sell your credit card information off

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Speaker 2: and people will start charging monthly low monthly charges that

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Speaker 2: you might not recognize, but it's so low that you

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Speaker 2: don't have time to go back and worry about trying

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Speaker 2: to identify because give her any charge off of a

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Speaker 2: credit card is not credit card bill is not easy. Now,

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Speaker 2: rock you know, I'm trying to maintain a financial savvy behavior.

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Speaker 2: My health, I'm going to use the word health. You know,

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Speaker 2: we're in the fourth quarter twenty twenty four, going into

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Speaker 2: twenty twenty five. Should we prepare or can we prepare

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Speaker 2: the prior year before you go into the new year

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Speaker 2: being financially healthy?

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Speaker 3: Absolutely? And you know it's about setting goals. And I

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Speaker 3: always tell people, you know, talking about money can be hard,

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Speaker 3: and so I use my personal life. My wife and

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Speaker 3: I talk about money all the time, but we're usually

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Speaker 3: not talking about money when you think about it later.

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Speaker 3: So a money conversation doesn't have to be you know,

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Speaker 3: a confrontational sort of thing for us It could be

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Speaker 3: do we want to go out to dinner tonight or

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Speaker 3: do we want to wait until the weekend because we

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Speaker 3: want to do something later? So where are we going

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Speaker 3: to spend that money? It's the real question. But it's

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Speaker 3: a goal setting. Do we want to have a vacation

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Speaker 3: in next year? So we start talking about personal goals

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Speaker 3: and goals we have together rather than the money itself.

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Speaker 3: And so I tell people start from there because it

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Speaker 3: makes start from a goal perspective. What do you want

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Speaker 3: to do in life? And that could be this month,

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Speaker 3: it could be next year, it could be in five years,

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Speaker 3: and set those goals and then start looking at what

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Speaker 3: is the money equation? How do I make sure I

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Speaker 3: have the financial resources to achieve those goals? And it

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Speaker 3: helps set up more positive approach instead of letting money

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Speaker 3: become a problem and then having to figure out how

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Speaker 3: to recover from a problem. Set a goal and start

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Speaker 3: looking forward and head check your credit report, make sure

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Speaker 3: that you're setting aside savings. Build a budget, call us

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Speaker 3: spending plan if you like. I have a college professor

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Speaker 3: friend who does that. So it doesn't like budget. Okay,

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Speaker 3: I'm from Texas, some kind of stubborn it's a budget.

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Speaker 3: I'm gonna call it.

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Speaker 2: No state income taxes Texas. Your good brother over there

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Speaker 2: in Georgia, they're killing me there. They're killing me, Rob.

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Speaker 2: I'm gonna tell you this, Rob, you know, and just

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Speaker 2: listening to you, and I hope everybody's listening to just

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Speaker 2: when you're doing.

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Speaker 1: If you if you're buying groceries and they got.

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Speaker 2: A grocery account, a loyalty plan, get it.

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Speaker 1: I do that. I get discounts on my gas.

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Speaker 2: If I buy groceries on a Friday, I get triple

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Speaker 2: points which go to my gas. I have a credit

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Speaker 2: card where if I buy charges on my credit card,

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Speaker 2: it gets me faster on my Frequent Flyer plan. And

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Speaker 2: then on my freaking fly plan, I got membership miles.

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Speaker 2: That's what you was talking about, being savvy when it

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00:22:53,200 --> 00:22:56,160
Speaker 2: comes to how you dealing with your finances and things

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00:22:56,200 --> 00:22:59,640
Speaker 2: like that. And I think the big takeaway and I

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00:22:59,680 --> 00:23:02,639
Speaker 2: are and hearing you talk about experience as this. Just

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00:23:02,720 --> 00:23:06,040
Speaker 2: look at what's out there, you know, and make sure

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00:23:06,080 --> 00:23:08,919
Speaker 2: you're aware of the advantages, because you there are some

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00:23:08,960 --> 00:23:11,640
Speaker 2: things that can be saved with You're in car insurance.

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00:23:11,240 --> 00:23:15,600
Speaker 3: Right, yeah, and so exactly right, you're living my life

444
00:23:15,600 --> 00:23:17,600
Speaker 3: because I just bought gas yesterday. I say ninety cents

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00:23:17,640 --> 00:23:21,280
Speaker 3: a gallop because a grocery card, right, So you know,

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00:23:21,359 --> 00:23:25,360
Speaker 3: so the same thing. And when it comes to car insurance,

447
00:23:25,359 --> 00:23:28,360
Speaker 3: same issue. You know it's insurance is expensive. We've seen

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00:23:28,440 --> 00:23:30,440
Speaker 3: what inflation has done over the last couple of years.

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00:23:30,560 --> 00:23:33,800
Speaker 3: Insurance rates are up more than twenty percent over the

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00:23:33,840 --> 00:23:37,840
Speaker 3: last year. And Experience actually has introduced another we're talking

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00:23:37,840 --> 00:23:40,840
Speaker 3: about what experience does. We've introduced an Experience Insurance auto

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00:23:40,880 --> 00:23:44,360
Speaker 3: insurance marketplace, and we help you shop for better insurance.

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00:23:44,480 --> 00:23:49,760
Speaker 3: We work with forty of the largest insurance providers in

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00:23:48,040 --> 00:23:53,240
Speaker 3: the country and we help find the best rates based

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00:23:53,280 --> 00:23:56,240
Speaker 3: on where you live, what you need, kind of insurance levels,

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00:23:56,440 --> 00:23:59,160
Speaker 3: you know, meeting the minimum requirements, and try to help

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00:23:59,200 --> 00:24:03,240
Speaker 3: you shop apples apples. What we found is for people

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00:24:03,280 --> 00:24:05,520
Speaker 3: that are working with their marketplace, they save on average

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00:24:05,520 --> 00:24:09,680
Speaker 3: about eight hundred dollars a year, so not just a

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00:24:09,720 --> 00:24:12,120
Speaker 3: small amount of money. And the other thing that we'll

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00:24:12,119 --> 00:24:16,120
Speaker 3: do is help shop for you because shopping for insurance

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00:24:16,119 --> 00:24:17,880
Speaker 3: can be difficult. You want to make sure you're getting

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00:24:17,920 --> 00:24:20,280
Speaker 3: the same offers for the same coverages. I want to

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00:24:20,320 --> 00:24:23,680
Speaker 3: make sure you're meeting your state minimum requirements for auto insurance,

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00:24:23,720 --> 00:24:27,119
Speaker 3: for example, and it can be difficult and confusing. So

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00:24:27,200 --> 00:24:30,800
Speaker 3: we will monitor for you. If you change insurance providers

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00:24:30,840 --> 00:24:32,960
Speaker 3: with us, we'll monitor for you. If we find a

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00:24:32,960 --> 00:24:34,880
Speaker 3: better rate, we'll tell you and you can decide whether

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00:24:34,880 --> 00:24:38,400
Speaker 3: you want to then shop for change providers and get

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00:24:38,400 --> 00:24:40,399
Speaker 3: you an even better rate as they come along, so

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00:24:40,440 --> 00:24:43,000
Speaker 3: you don't have to continually shop yourself.

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Speaker 1: Wow. He's a senior director Public Education Advocacs of Experience.

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Speaker 2: I'm going to tell you, I want to thank you

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00:24:49,640 --> 00:24:53,480
Speaker 2: for coming on money making conversations. My big takeaway is

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00:24:53,600 --> 00:24:56,280
Speaker 2: now one more audiz because some people I don't want

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00:24:56,280 --> 00:24:56,879
Speaker 2: to do coopon.

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00:24:57,080 --> 00:25:02,680
Speaker 1: I don't want to shop like that. I shop with coupons.

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00:25:03,240 --> 00:25:07,119
Speaker 2: I we shopped so much that I get free food

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00:25:07,520 --> 00:25:09,440
Speaker 2: right there, said to be a coupon saying hey, here's

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00:25:09,480 --> 00:25:11,720
Speaker 2: some free this, here's some free this, here's some free this.

481
00:25:12,119 --> 00:25:16,439
Speaker 2: Because they want my business and so and some things

482
00:25:16,480 --> 00:25:19,600
Speaker 2: you know will be six dollars eight dollars nine dollars

483
00:25:19,640 --> 00:25:22,840
Speaker 2: savings on that particular sale if I didn't come in there.

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00:25:23,080 --> 00:25:25,720
Speaker 2: And I think the big walk away is just be

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00:25:25,800 --> 00:25:29,159
Speaker 2: financially savvy. Just let's see what's out there. Because, like

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00:25:29,200 --> 00:25:32,120
Speaker 2: you said, when you got that ninety cents off off

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00:25:32,200 --> 00:25:35,800
Speaker 2: your gas bill and filling up, that when I get

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00:25:35,800 --> 00:25:38,119
Speaker 2: three cents off or I get ten cents off, I

489
00:25:38,160 --> 00:25:41,560
Speaker 2: get forty cents off per gallon. Now per gallon, that

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00:25:41,680 --> 00:25:43,640
Speaker 2: goes a long way. Thank you for coming on money

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00:25:43,640 --> 00:25:45,040
Speaker 2: making conversation, masterclof Brob.

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00:25:45,040 --> 00:25:45,920
Speaker 1: But I hope you enjoyed it.

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00:25:46,520 --> 00:25:48,320
Speaker 3: I did very much. Thank you for having me, and

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00:25:48,440 --> 00:25:50,040
Speaker 3: if I can ever join again, let me know. I'm

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00:25:50,040 --> 00:25:52,080
Speaker 3: happy to clearly happy to talk. I love it. Well.

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00:25:52,080 --> 00:25:53,480
Speaker 2: You know I'm gonna have you back in the first

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00:25:53,480 --> 00:25:56,320
Speaker 2: of the year because you know it's always patterns. You know,

498
00:25:56,480 --> 00:25:59,680
Speaker 2: people right now they're shopping, They're gonna go out there

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00:25:59,760 --> 00:26:03,600
Speaker 2: and by gifts they can't afford buy food for these

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00:26:03,680 --> 00:26:05,119
Speaker 2: big Thanksgiving spreads.

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00:26:05,640 --> 00:26:08,360
Speaker 1: When we come back in January February with me.

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00:26:08,480 --> 00:26:11,359
Speaker 2: We're gonna be talking about there's charges that you that

503
00:26:11,480 --> 00:26:15,240
Speaker 2: you raised and now is impacting your credit score. How

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00:26:15,240 --> 00:26:17,600
Speaker 2: do we fix it? So Rob, we have a relationship.

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00:26:17,640 --> 00:26:19,960
Speaker 2: My brother and I appreciate you taking the time to

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00:26:20,040 --> 00:26:22,919
Speaker 2: come in the fall before it starts. So when we

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00:26:22,960 --> 00:26:25,159
Speaker 2: talk to them in the spring after.

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00:26:24,920 --> 00:26:29,679
Speaker 1: They've done their little run awesome. Appreciate you, brother, talk

509
00:26:29,720 --> 00:26:30,120
Speaker 1: to you soon.

510
00:26:30,200 --> 00:26:30,959
Speaker 3: Man than you.

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Speaker 2: This has been another edition of Money Making Conversation Masterclass

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00:26:35,119 --> 00:26:38,280
Speaker 2: posted by me Rushaun McDonald. Thank you to our guests

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00:26:38,280 --> 00:26:41,720
Speaker 2: on the show today and thank you listening to audience now.

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00:26:41,720 --> 00:26:43,720
Speaker 2: If you want to listen to any episode I want

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00:26:43,720 --> 00:26:46,920
Speaker 2: to be a guest on the show, visit Moneymaking Conversations

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00:26:46,960 --> 00:26:50,480
Speaker 2: dot com. Our social media handle is money Making Conversation.

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00:26:50,920 --> 00:26:53,320
Speaker 2: Join us next week and remember to always leave with

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00:26:53,400 --> 00:27:05,119
Speaker 2: your gifts. Keep winning.