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Speaker 3: Earnest Welcome EYL University, the number one place for business

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Speaker 4: All right, guys, welcome back. This is an extremely important episode.

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Speaker 4: So you know, it's been a while since we talked

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Speaker 4: about personal credit. Child to him five hundred that was

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Speaker 4: that was a dope classic episode. That was a lot

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Speaker 4: of exotic stuff and he's he's very good at that

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Speaker 4: it's high end. It's a lot of anxiety stuff. But

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Speaker 4: you know, we we had one, uh basic credit episode

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Speaker 4: and outside that, that's the only credit that we had,

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Speaker 4: and that was over a year ago. And so now

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Speaker 4: I think it would be a good time to revisit

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Speaker 4: the conversation of you know, personal credit, how to purchase

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Speaker 4: real estate with credit, how to student loan, and you

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Speaker 4: know business credit things that is these natures.

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Speaker 5: Like like an unknown territory.

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Speaker 4: Yeah, you can't have a financial literacy platform without fully

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Speaker 4: addressing credit. And it's like even stock like think about

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Speaker 4: market mondays. We talk about stocks every single week, and

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Speaker 4: it's still not enough for people, like you know what

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Speaker 4: I'm saying. So credit is something that we just can't

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Speaker 4: talk about one time or even two times. We got

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Speaker 4: to talk about it several different times. So we brought the.

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Speaker 5: Big dog, the big dog himself.

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Speaker 4: Yeah, Jose Rodriguez is also known as the credit Dude.

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Speaker 4: So if you're not familiar with Jose, he's a very

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Speaker 4: dynamic guy. He actually used to be in the military.

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Speaker 4: He's a veteran US Marine veteran, so he has a

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Speaker 4: company where he helps people repare their credit also build

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Speaker 4: business credit. He was just informing me. They got a

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Speaker 4: lot of stuff that they're rolling out the pipelines thousands

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Speaker 4: of clients nationwide, and he really probably became known to

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Speaker 4: a lot of people when he started working with DJ

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Speaker 4: Envy and Caesar both Io alumnis. When you know, they

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Speaker 4: were doing the real estate seminars all over the country

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Speaker 4: and they had MG the mortgage guy, who's a real

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Speaker 4: estate who's alumna? It has to be, who's an e

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Speaker 4: Y alumni. They had Lord of the Slumps, who's the

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Speaker 4: e Y alumni? So and they're a e Y alumni.

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Speaker 4: So everybody on the whole bill, I think this is

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Speaker 4: this is this is completely this complete decipher there. So

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Speaker 4: this is the last person from the movement that actually

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Speaker 4: has not been on the podcast. He's don't work with

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Speaker 4: us before. We'll talk about that, but he has not

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Speaker 4: been on the podcast yet. So this is, you know,

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Speaker 4: a full completion.

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Speaker 3: You know, it's double bottles to man, the amount of

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Speaker 3: love he shows just I mean just the amount of

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Speaker 3: love he shows, not only to us, but anybody is

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Speaker 3: involved with it. Anything somebody's doing that helps the community.

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Speaker 3: He's posting it, he's tagging, he's in your comments. Man,

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Speaker 3: kudos to you, bro for showing love.

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Speaker 4: It's free Jose. Jose is a good dude and just

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Speaker 4: one of those like Matt. Also just added value taught

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Speaker 4: two classes for Eyo University. Thank you for that. And

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Speaker 4: he's also a professor this year where he's going to

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Speaker 4: teach four classes actually so EOL University. You're extremely lucky.

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Speaker 4: And you know, he's one of these guys just reposted

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Speaker 4: and never asked to get on the podcast, never asks

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Speaker 4: to get on the platform, just like, yo, how can

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Speaker 4: I help? And I just love people like that because

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Speaker 4: there's so many people that just ask all the day

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Speaker 4: every day like this sign like you know what I'm saying,

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Speaker 4: you'll need me time. It puts you in an awkward

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Speaker 4: space because it's like, you know, just let it happen organically.

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Speaker 4: So I felt like, you know, it was it was,

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Speaker 4: it was time, and I know it's going to be

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Speaker 4: a classic episode without further ado, Jose, thank you for

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Speaker 4: joining us. Appreciate it.

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Speaker 2: Thanks a lot, Bro, I really appreciate you guys having me.

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Speaker 2: Man if it's an honor to be on here. Man,

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Speaker 2: let me tell you it's it's crazy to just be

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Speaker 2: you know, with you guys, and I look forward to

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Speaker 2: to learning and growing and just getting a good conversation going.

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Speaker 4: Man, let's do it. So I want to talk about credit.

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Speaker 4: Obviously that's what we're here for. But before we start,

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Speaker 4: I think it's interesting to get the backstory because on

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Speaker 4: everybody has different paths that they follow on life. So

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Speaker 4: how did you get into credit coming from the military,

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Speaker 4: Like did you go to the military out of high school? Like,

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Speaker 4: how did that happen?

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Speaker 2: Yeah, so I joined when I was seventeen Marines and

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Speaker 2: the Marines. Yeah, so I was seventeen. I had no

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Speaker 2: idea what I was going to do. You know, I

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Speaker 2: was a good kid growing up up until maybe like

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Speaker 2: sophomore year. You know, my dad, it was a drug addict,

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Speaker 2: is a drug addict still, so I didn't really have

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Speaker 2: that like father figure at the house saying like, hey, man,

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Speaker 2: do your homework, do whatever. You know, my mom is

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Speaker 2: my mom, so it's like, you know, for her, it

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Speaker 2: was just like for me with her, it was just like, yeah,

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Speaker 2: I'm just get away with whatever I can. And you know,

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Speaker 2: I decided to go to the military. It was like

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Speaker 2: I had no choice. Barely graduated high school out of

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Speaker 2: like three hundred and like fifty kids. I think I

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Speaker 2: was like ranked three hundred and ten where part of

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Speaker 2: Long Island from No, So I'm from Long Island from Bayshore,

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Speaker 2: and we moved to Long Branch, New Jersey in ninety

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Speaker 2: three to escape my dad, you know what I mean.

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Speaker 2: And but dad followed us again, so it was like,

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Speaker 2: you know, I'm from Long Branch, I'm in school. I

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Speaker 2: don't really know what I'm you know, I didn't know

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Speaker 2: what about the time, and I had to make a

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Speaker 2: name for myself. And it was like my character, like

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Speaker 2: my funniness, you know, giving back. It was always like that.

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Speaker 2: I was always a funny dude, and I used that

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Speaker 2: to like mask like all the pain I was going

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Speaker 2: through and everything I was going through at home because

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Speaker 2: nobody really knew that what was going on. And when

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Speaker 2: it came out to the military, people were like, Yo,

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Speaker 2: how's this dude going to go to the military, Like

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Speaker 2: he's always making jokes. So like I went to the

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Speaker 2: Marines at seventeen or I joined at seventeen. Two months

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Speaker 2: later I went to went to the Marine. So I

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Speaker 2: went in there. And what's crazy is before I left

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Speaker 2: to the Marines, they offered me like these two credit cards,

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Speaker 2: you know what I mean, Like not first premiere, but

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Speaker 2: it was like these two cars. I had no idea

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Speaker 2: what it was because my parents never told me about

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Speaker 2: credit you know what I mean. I had no idea

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Speaker 2: what it was. So I got these two credit cards

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Speaker 2: sent to me, and I'm like, well, shoot, I went

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Speaker 2: through the Marines anyway, so it's like, no, let me

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Speaker 2: just run it out, you know what I mean. So

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Speaker 2: I remember I went to the prom I went to

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Speaker 2: I had like a nice suit, I had this, went to.

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Speaker 5: Wild Wood, saw those pictures. Bro, Yeah, I'm sure, I'm sure.

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Speaker 2: You did, you know what I mean. So I went crazy.

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Speaker 2: I think it was like four hundred dollars two dollars

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Speaker 2: in these credit card you know what I mean, and

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Speaker 2: balled out, went to the Marines, came back home, and

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Speaker 2: kept getting these calls from these credit card companies. I

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Speaker 2: had no idea what it was, so it wasn't bad.

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Speaker 2: I just just paying them off. I paid them off

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Speaker 2: when I came back whatever. But then when I went

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Speaker 2: to Japan, you know, I went through my dude station,

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Speaker 2: I mean, my training. Then I got stationed in Japan

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Speaker 2: and I go to apply for a credit card in Japan,

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Speaker 2: and they're like, yeah, you denied. I'm like, what are

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Speaker 2: you even talking about? Like credit? Like what are you

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Speaker 2: even saying I'm denied? Like you got a bankruptcy on

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Speaker 2: your credit report, you got a collection from like a supermarket,

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Speaker 2: you got these like a repossession, these credit cards, all

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Speaker 2: this stuff. But it was because of me and my

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Speaker 2: dad had the same name, you know what I mean.

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Speaker 2: But it took me like six years to figure that

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Speaker 2: part out.

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Speaker 4: But how did they? But like obviously I got different

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Speaker 4: social Security numbers? So how did that?

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Speaker 2: So the crazy thing is is you don't need a

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Speaker 2: Social Security number for something to report on your credit.

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Speaker 2: So if you know it's pii's like personal identification information,

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Speaker 2: So as long as some stuff matches, you're good. Yeah,

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Speaker 2: it's like nine, it's like nine things, Like it's like

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Speaker 2: a box, right, if all right, this checks out, this

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Speaker 2: checks out, this checks out, We're going to report.

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Speaker 5: It's like name, maybe the address, maybe the phone number.

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Speaker 2: Right, and being my dad, same name, I'm a junior,

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Speaker 2: same address, My birthdays are like six seven days apart,

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Speaker 2: so a lot of his stuff jumped on my credit,

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Speaker 2: you know what I mean. So now it's like I'm

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Speaker 2: spending all my mom. I'm in Japan, I'm eighteen nineteen.

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Speaker 2: Every weekend, I'm going out, you know, getting drunk through

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Speaker 2: one of the case, going to the clubs. It's like

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Speaker 2: I didn't save any money. So it's like now when

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Speaker 2: they didn't say you're denied credit to get like a camera,

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Speaker 2: I'm like what Like, I'm just like it just blew

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Speaker 2: my mind that I'm like, how do I have this

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Speaker 2: stuff on my credit? It's not mine? So I just

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Speaker 2: left it alone, and then I started fixing it little

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Speaker 2: by little, little by little, just started learning, you know,

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Speaker 2: getting evil. I bought credit repair for dummies, you know,

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Speaker 2: and I just started looking at stuff, you know, the

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Speaker 2: military to keep you act as a computer. So I

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Speaker 2: was going online like after hours and just researching stuff

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Speaker 2: and just figuring out, like what is this credit? What

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Speaker 2: is it? Because now I'm like almost twenty still with

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Speaker 2: messed up credit, have no idea what it is. So

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Speaker 2: it took me a long time to get my dad

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Speaker 2: stuff off of my credit report. But I had thought

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Speaker 2: he stole my identity, you know what I mean, because

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Speaker 2: put tune two together, like your dad's a drug addict,

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Speaker 2: you know what I mean? He didn't really do nothing

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Speaker 2: for you to say. I'm like, yo, this guy stole

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Speaker 2: my identity, you know what I mean? And no, and

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Speaker 2: he didn't have to apologize for him after.

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Speaker 4: That you said it to him, he denied it.

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Speaker 2: Yeah, I was messed up. He's like, yo, I didn't

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Speaker 2: do that. I was like, Noah, I was messed up, bro,

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Speaker 2: like you stole Joe's credit sto Steve. And for the

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Speaker 2: longest time, I'm thinking that, like my dad, you know

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Speaker 2: how they say like, oh, did they put their electric

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Speaker 2: bill in the kid's name?

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Speaker 5: My mom, I'm thinking that this is one of them stories.

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Speaker 2: Nah. So it wasn't that. So it wasn't until I

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Speaker 2: started going to credit boot can right, so so I'm

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Speaker 2: fast forward it. But it wasn't until I figured out

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Speaker 2: what it really was that he didn't steal my identity.

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Speaker 2: We just had a similar name. So then it took

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Speaker 2: me a long time to get that, you know, get

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Speaker 2: that taken off. And then next thing, you know is

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Speaker 2: my boy from California's like, yo, letbe you fix your credit?

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Speaker 2: Can you help me?

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Speaker 5: Yo?

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Speaker 2: I heard you know, I heard you got a bankruptcy off.

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Speaker 2: I heard you got this off. Can you help me?

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Speaker 2: And that was like two thousand and like four and five,

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Speaker 2: you know what I mean. And that's what started it.

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Speaker 2: It was basically because I had a problem with my

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Speaker 2: credit that I fixed. It took me like two three years.

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Speaker 2: But then everybody in the military was like, Yo, how'd

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Speaker 2: you do it? I'm going for my security clearance. That's

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Speaker 2: why they needed it. When you go for military, you know,

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Speaker 2: you go for a certain job, you have to have

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Speaker 2: top secret secret, you know, security clearance, and if your

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Speaker 2: credit is dinged up, you can't get it.

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Speaker 4: Yeah. Credit, I don't think people really know that if

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Speaker 4: you think about it. Credit affects people from jobs. Like

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Speaker 4: you said, credit can affect every aspect of your life

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Speaker 4: that you don't really even think about. Obviously the obvious

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Speaker 4: stuff like you know, having somewhere to live and being

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Speaker 4: able to drive. But yeah, a lot of a lot

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Speaker 4: of employers, depending on what kind of job it is,

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Speaker 4: you might not get the job if you have a

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Speaker 4: bad credit or bankruptcy. Even in the financial space, if

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Speaker 4: you have bankruptcies and stuff like that that can hurt

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Speaker 4: you. You might not be able to get a securities license

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Speaker 4: if you have, you know, because they look at it

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Speaker 4: like if you can't manage your own personal finances, how

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Speaker 4: you're going to be able to manage somebody else's finances.

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Speaker 4: So people don't realize and if you think about it,

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Speaker 4: there's no college course to my knowledge, on credit. It's

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Speaker 4: definitely not like degrees on credit. So it's like when

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Speaker 4: somebody's looking to learn about credit, where did they go?

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Speaker 4: They go to like YouTube or they have to find

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Speaker 4: an entrepreneur like yourself who learned it on the fly

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Speaker 4: and just learned it on their own. And that's one

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Speaker 4: of the good things with this platform because it's like,

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Speaker 4: if you think about the credits, one of the most

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Speaker 4: important things that we have in society, and not only

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Speaker 4: are they no, like they're not teaching you it, but

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Speaker 4: you couldn't even if you wanted to pay a college.

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Speaker 4: There's no there's no, there's nothing you can do. You

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Speaker 4: can't go to NYU and say, hey, I want to

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Speaker 4: major in credit, I want to take an undergrad and credit.

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Speaker 4: They don't have it.

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Speaker 2: And you know why, you're not supposed to no, because

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Speaker 2: they don't want you to know it.

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Speaker 5: That's what I mean, Like they're not you're not supposed

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Speaker 5: to know.

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Speaker 2: Right, Oh, yeah, they don't want you to know it.

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Speaker 3: Yeah, So like that makes sense what you're saying, right, Like,

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Speaker 3: obviously you can't get a securities license, and how you're

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Speaker 3: going to handle somebody else's finance if you can't held

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Speaker 3: your own. But why in the military, why why did

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Speaker 3: the credit score impact it in a negative way?

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Speaker 2: So it's not the good thing is not so much

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Speaker 2: the credit score. It's the credit data.

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Speaker 5: Okay.

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Speaker 2: And that's what I'm going to be talking to you

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Speaker 2: guys about too, is the data because honestly, just score

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Speaker 2: it doesn't really matter. It's the data that's so that's

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Speaker 2: on there. So like if you're trying to get a

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Speaker 2: security clearance for like intelligence, or like if you're trying

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Speaker 2: to get promoted unless say you can be a sergeant

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Speaker 2: major or a captain, or if you're going to be

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Speaker 2: working in finances in the military. And just like you said,

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Speaker 2: if you have a repossession on there, if you have collections,

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Speaker 2: you have late payments, like you're more likely to like

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Speaker 2: do something wrong because you're going to be strapped for cash. So, like,

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Speaker 2: if an opportunity presents itself for a contract or for

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Speaker 2: you to take a government credit card and you have

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Speaker 2: problems with your credit you're more than likely to do

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Speaker 2: something if you have something wrong in your credit.

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Speaker 3: And that's where so it's like the trustworthiness right it

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Speaker 3: actually people that's why, like when they look at your

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Speaker 3: credit it's not like you said, it's not really so

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Speaker 3: much of your score, Like you could be in the

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Speaker 3: financial space and have an eight hundred credit card hypotheticallylet's

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Speaker 3: saying you had a bankruptcy.

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Speaker 4: They don't really care about your credit scord is what

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Speaker 4: you did. And people look at your credit report as

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Speaker 4: like I always tell us like a transcript and it's

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Speaker 4: like you're like, it's like a record. So it's like

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Speaker 4: even like if you're trying to ensure jurelry, right, if

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Speaker 4: you have negative reports on your credit, the insurance company

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Speaker 4: probably won't issue that because it's like you're kind of

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Speaker 4: a flaky person. So it's like if you had a

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Speaker 4: bankruptcy or if you didn't pay your bills, now you

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Speaker 4: might pull a jury skill. Yeah, and like what I'm

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Speaker 4: saying like that that lets me know that you might

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Speaker 4: be the kind of person to pull a jelry scan

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Speaker 4: because you've already done things and it's like a criminal history,

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Speaker 4: like if you already robbed somebody, I don't know if

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Speaker 4: I feel comfortable letting you in my home because you

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Speaker 4: could probably do it again. If you do it once,

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Speaker 4: you could do it twice exactly exactly.

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Speaker 3: Trustworthiness, that's really it's realized, like this is so much

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Speaker 3: more that goes into credit than just having a good

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Speaker 3: credit score.

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Speaker 4: Like people was really looking at you like is this

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Speaker 4: a good dude or not? Based off your credit?

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Speaker 2: The history is so that's why you know, I tell

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Speaker 2: I always tell people doesn't really matter with your credit score.

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Speaker 2: Is because you have a seven to twenty with a

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Speaker 2: late payment and the repo. You didn't getting a mortgage

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Speaker 2: or you didn't getting a good rate. But you can

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Speaker 2: have a three hundred our limit and then authorized user

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Speaker 2: from your mom and have a seven fifty. That person's

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Speaker 2: better than the person with the you know, will have

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Speaker 2: a lower score, I mean than the person with the

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Speaker 2: higher score. It's all about data, you know what I mean.

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Speaker 2: So now with the military, when when you know, as

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Speaker 2: I started going in, you know, just like you, he said,

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Speaker 2: they don't teach it anywhere. So then when I got

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Speaker 2: out the military, my stepdad now my stepdad, he you know,

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Speaker 2: I had to help my mom refinance her house, right,

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Speaker 2: So my stepdad was like, hey, your mom's bankruptc's still

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Speaker 2: out here was dismissed. He has collections from a previous marriage,

356
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Speaker 2: and it was like once again, I'm like, all right,

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Speaker 2: somebody needs my help. So I had to figure it out.

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Speaker 2: You know, this is like two thousand and they're like

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Speaker 2: nine and I got my mom's bankruptcy is deleted. I

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Speaker 2: got everybody's stuff deleted. And my stepdad he was like, yo,

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Speaker 2: you should make a business out of this. And I'm like, man,

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Speaker 2: you no money and credit repair. I'm like, I'm just

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Speaker 2: helping people out, you know what I mean. Look, people

364
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Speaker 2: know this stuff. And he's like, no, man, I'm an accountant.

365
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Speaker 2: I can maybe refer you some people. So I was

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Speaker 2: working for the government at the time. I have already

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Speaker 2: goten the military, and this is twenty ten. So you

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Speaker 2: know what I did at LLC and what wasn't their

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Speaker 2: course on how to create an LLC, how to do

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Speaker 2: what AI in. So I messed up setting up my LLC,

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Speaker 2: messed up setting up my AI in, and then I

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Speaker 2: started doing credit. I started fixing people's credit like legally

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Speaker 2: because now I'm a business, you know what I mean.

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Speaker 2: And then maybe like a year and a half into it,

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Speaker 2: I quit my full time job in the government. You

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Speaker 2: know what I mean. I had a job in the government,

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Speaker 2: and they denied me in promotion because remember, you know

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Speaker 2: you said I'm a veteran, but I'm also a disabled

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Speaker 2: veteran mentally, you know what I mean. So I have PTSD,

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Speaker 2: have anxiety depression, a lot of the stuff from a

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Speaker 2: military career. Because I'm pretty sure if this is the

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Speaker 2: first time you're follow me, I'm an open book. I

383
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Speaker 2: got court martialed when I was in the Marines. You know,

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Speaker 2: I got everything taken away from me. I committed fraud.

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Speaker 2: I followed the crowd as a recruiter, and I frauded

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Speaker 2: kids in the military, you know what I mean, kids

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Speaker 2: that couldn't get illegally. I frauded them in you know

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Speaker 2: what I mean. And when I got caught, I got caught.

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Speaker 2: You know what I mean, I got So let's say,

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Speaker 2: if when you joined the military, right and you can't

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Speaker 2: pass the test, I would have somebody take it for you.

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Speaker 3: Okay, So like the college sheeting scandal tape down right, Obviously.

393
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Speaker 2: I wasn't the only one doing it, but I got caught,

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Speaker 2: pled guilty, got court martials, I sent to South Carolina,

395
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Speaker 2: was locked up for a little bit, and literally lost everything,

396
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Speaker 2: you know what I mean when I say everything, like

397
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Speaker 2: lost my military career, everything that I had going for me,

398
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Speaker 2: you know, from leaving where I had nothing, and then

399
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Speaker 2: now I'm back to square to one. Now I messed

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Speaker 2: up my credit on my own.

401
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Speaker 5: So that's after you had fixed it from your dad's situation.

402
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Speaker 5: You fix yourself, fixed it, and now you're back.

403
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Speaker 2: Now I'm back, So that's two thousand and seven. So

404
00:18:26,400 --> 00:18:27,719
Speaker 2: I think I went ahead a little bit. So now

405
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Speaker 2: that's two thousand and seven. Lost everything, you know what

406
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Speaker 2: I mean, went to the brig. Wanted to kill myself

407
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Speaker 2: when I got out because now I'm like, yo, if

408
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Speaker 2: I can't be a marine, like what else am I

409
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Speaker 2: good at? I don't know what else I'm good at.

410
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Speaker 2: I don't know how to live. I don't know what

411
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Speaker 2: else to do. And it was like I looked at

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Speaker 2: it as like pity me.

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Speaker 4: Institutionalized. A lot of times people think of institutionalized only

414
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Speaker 4: as people that go to jail, but you could be

415
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Speaker 4: institutionalized in any institution. That's why it's an institutionalized in

416
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Speaker 4: the military is an institution, and like you said, it's

417
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Speaker 4: a fraternity. And it's like, you know when you get

418
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Speaker 4: I don't know the link which but they're like dishonorably

419
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Speaker 4: just charging whatever. And it's like a lot of times

420
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Speaker 4: you'd like the outcast. And it's like when you say

421
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Speaker 4: you're used to you become Anything you do for more

422
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Speaker 4: than sixty days becomes a habit. And you do something

423
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Speaker 4: for years and you get up at five o'clock in

424
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Speaker 4: the morning, you run five miles and you eat. You

425
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Speaker 4: become a military man or a military woman. And it's like,

426
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Speaker 4: how was that for you to not only leave that,

427
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Speaker 4: but to leave that in that way? How did that like,

428
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Speaker 4: how did you readjust into society.

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Speaker 5: It took me.

430
00:19:30,880 --> 00:19:33,879
Speaker 2: That was two thousand and seven. It took me twelve years.

431
00:19:34,960 --> 00:19:37,320
Speaker 2: I still have my company, you know, I still had

432
00:19:37,359 --> 00:19:40,760
Speaker 2: my business. But it wasn't until I met Ryan Stuman,

433
00:19:41,240 --> 00:19:44,520
Speaker 2: the hardcore Closer and a good friend of mine, Jimon,

434
00:19:44,720 --> 00:19:46,960
Speaker 2: where they helped me get out of that and they

435
00:19:46,960 --> 00:19:49,320
Speaker 2: showed me that I had more to give than just

436
00:19:49,359 --> 00:19:50,720
Speaker 2: being a marine, because even though I had my credit

437
00:19:50,800 --> 00:19:53,760
Speaker 2: or Peair company, you know, I was still fixing people's credit.

438
00:19:54,080 --> 00:19:56,439
Speaker 2: You couldn't get me out of my house. So this

439
00:19:56,520 --> 00:20:00,600
Speaker 2: is twenty ten to twenty fourteen, four year I'm in

440
00:20:00,600 --> 00:20:03,960
Speaker 2: my basement. I'm not leaving the house. So it's like

441
00:20:04,320 --> 00:20:06,120
Speaker 2: what snapped me out of it was that I had

442
00:20:06,119 --> 00:20:09,879
Speaker 2: my daughter, I had my wife, and if I didn't

443
00:20:09,920 --> 00:20:12,639
Speaker 2: produce what I needed to produce, now my daughter is

444
00:20:12,680 --> 00:20:14,639
Speaker 2: not going to be and essentially living the way that

445
00:20:14,640 --> 00:20:16,840
Speaker 2: I did without a dad. You know, what was I

446
00:20:16,880 --> 00:20:18,560
Speaker 2: going to do? I wasn't What was I gonna do?

447
00:20:18,600 --> 00:20:20,520
Speaker 2: How was that going to provive with my family? So

448
00:20:20,560 --> 00:20:22,520
Speaker 2: it was like it was a long road where I

449
00:20:22,520 --> 00:20:24,359
Speaker 2: had to like snap out of it. It wasn't easy because

450
00:20:24,359 --> 00:20:27,640
Speaker 2: I still battle. I'm still battle PTSD, I still battle depression,

451
00:20:27,800 --> 00:20:29,200
Speaker 2: I still battle all that. But now I just know

452
00:20:29,240 --> 00:20:30,760
Speaker 2: how to cope with it. Now I'll just how to

453
00:20:30,800 --> 00:20:32,919
Speaker 2: deal with it. So it's like now when I started

454
00:20:32,920 --> 00:20:35,920
Speaker 2: my company. Now you know I'm helping people with their credit.

455
00:20:36,000 --> 00:20:38,280
Speaker 2: Now I feel like I have a purpose. And it

456
00:20:38,320 --> 00:20:39,960
Speaker 2: took but it still took me a long time to

457
00:20:40,040 --> 00:20:42,639
Speaker 2: realize that like what I do for one person, I

458
00:20:42,640 --> 00:20:45,639
Speaker 2: can probably do that for one hundred, one thousand, ten thousand,

459
00:20:45,720 --> 00:20:48,119
Speaker 2: because they don't teach it in high school. Unfortunately, they

460
00:20:48,119 --> 00:20:50,000
Speaker 2: don't teach it in college. They don't teach you this

461
00:20:50,040 --> 00:20:53,320
Speaker 2: stuff where it's like, why am I eighteen nineteen in

462
00:20:53,400 --> 00:20:56,840
Speaker 2: Japan just figuring out what credit is? And I see

463
00:20:56,840 --> 00:20:59,520
Speaker 2: that you guys are now starting even educating credit in

464
00:20:59,560 --> 00:21:02,000
Speaker 2: the elements tree schools and younger and people need that,

465
00:21:02,440 --> 00:21:04,480
Speaker 2: you know what I mean. And it was a very

466
00:21:04,640 --> 00:21:07,760
Speaker 2: long road man of where I am today to where

467
00:21:07,760 --> 00:21:11,600
Speaker 2: I used to be, because I shouldn't be here right now.

468
00:21:12,400 --> 00:21:14,439
Speaker 2: I literally shouldn't be here, but I am. And I

469
00:21:14,520 --> 00:21:16,800
Speaker 2: just love the fact that I'm now able to share

470
00:21:16,800 --> 00:21:19,760
Speaker 2: my story and help people with more than just credit

471
00:21:19,840 --> 00:21:20,560
Speaker 2: but everything else.

472
00:21:20,640 --> 00:21:24,560
Speaker 3: Yeah, so twenty fourteen in the house, obviously you said

473
00:21:24,560 --> 00:21:26,760
Speaker 3: you're in the basement. I'm imagining the depression is setting.

474
00:21:26,800 --> 00:21:30,240
Speaker 3: There is there a moment that changes the trajectory of like,

475
00:21:30,280 --> 00:21:33,640
Speaker 3: you know what, Obviously I have my daughter, I got

476
00:21:33,640 --> 00:21:34,480
Speaker 3: to get more clients.

477
00:21:34,640 --> 00:21:35,879
Speaker 5: What gets you out of the basement?

478
00:21:35,920 --> 00:21:39,960
Speaker 2: Now, Well, what got me out was the cops got

479
00:21:39,960 --> 00:21:43,399
Speaker 2: called on me and I have broke like a vase

480
00:21:43,440 --> 00:21:45,119
Speaker 2: over my head and this is like the stuff I

481
00:21:45,200 --> 00:21:47,760
Speaker 2: dealt with, like with the PTSD and what the cops

482
00:21:47,760 --> 00:21:50,000
Speaker 2: said was you could either go to jail or go

483
00:21:50,040 --> 00:21:52,560
Speaker 2: to the hospital. And it was like a pattern, like

484
00:21:53,080 --> 00:21:54,480
Speaker 2: it was a pattern, like a right, I got locked

485
00:21:54,520 --> 00:21:56,080
Speaker 2: up and roady, I went to jail, my going back,

486
00:21:56,800 --> 00:21:59,640
Speaker 2: And it was that click that I was like, wait

487
00:21:59,640 --> 00:22:01,480
Speaker 2: a minute. You started your company, you quit your job,

488
00:22:01,520 --> 00:22:03,400
Speaker 2: you got a wife, you got a daughter, Like why

489
00:22:03,400 --> 00:22:06,040
Speaker 2: are you messing everything up? You know what I mean?

490
00:22:06,119 --> 00:22:08,000
Speaker 2: So it was like it was that moment where I

491
00:22:08,040 --> 00:22:10,800
Speaker 2: went to the hospital and I literally got everything taken

492
00:22:10,840 --> 00:22:12,719
Speaker 2: away from me again, and I kind of like had

493
00:22:12,760 --> 00:22:16,320
Speaker 2: to reset in like twenty fourteen, twenty fifteen to where

494
00:22:16,359 --> 00:22:19,439
Speaker 2: it was like the luckily the guy that arrested me

495
00:22:19,760 --> 00:22:21,680
Speaker 2: or that took me to the hospital, he was military,

496
00:22:22,280 --> 00:22:23,760
Speaker 2: and he was like, yo, man, like what are you doing?

497
00:22:23,840 --> 00:22:25,880
Speaker 2: Like what are you doing? You know what I mean?

498
00:22:25,920 --> 00:22:27,760
Speaker 2: You have credit, you have this knowledge, you have this

499
00:22:27,840 --> 00:22:30,160
Speaker 2: you know because he knew the family, but he didn't

500
00:22:30,160 --> 00:22:32,480
Speaker 2: know of me. And it wasn't until that that I

501
00:22:32,520 --> 00:22:34,840
Speaker 2: realized that, like, yo, man, your purpose is greater than

502
00:22:34,840 --> 00:22:37,360
Speaker 2: what you think, you know what I mean. And that's

503
00:22:37,359 --> 00:22:39,199
Speaker 2: really what snapped me out of it. Because you know,

504
00:22:39,240 --> 00:22:41,399
Speaker 2: a lot of people not only do they teach you

505
00:22:41,400 --> 00:22:43,199
Speaker 2: about credit and business company. They don't take you how

506
00:22:43,240 --> 00:22:45,520
Speaker 2: to deal with these problems, you know, the VA doesn't,

507
00:22:45,640 --> 00:22:47,920
Speaker 2: the DA just wants to give you pills. But then also,

508
00:22:47,960 --> 00:22:49,760
Speaker 2: like family, they don't want to talk about your health.

509
00:22:49,760 --> 00:22:51,680
Speaker 2: They don't want to talk about what you've been through.

510
00:22:51,880 --> 00:22:53,800
Speaker 2: So it was like I really had no escape. I

511
00:22:53,840 --> 00:22:55,680
Speaker 2: had no way to escape what I was going through.

512
00:22:55,680 --> 00:22:58,280
Speaker 2: And that was when Jamon and Ryan Steuman helped me

513
00:22:58,280 --> 00:22:58,760
Speaker 2: out through.

514
00:22:58,640 --> 00:23:01,119
Speaker 4: That, you know, I mean, honorable man, I'm glad we

515
00:23:01,359 --> 00:23:03,480
Speaker 4: tell that story because you know, there's millions of people

516
00:23:03,480 --> 00:23:08,120
Speaker 4: that suffer from all kinds of you know, anxiety issues

517
00:23:08,200 --> 00:23:12,760
Speaker 4: and like you said, uh, post traumatic stress syndrome and depression,

518
00:23:13,320 --> 00:23:15,240
Speaker 4: and a lot of times they feel like they're alone.

519
00:23:15,680 --> 00:23:18,919
Speaker 4: So whenever they can hear somebody you know, speak openly

520
00:23:18,920 --> 00:23:21,600
Speaker 4: about it, speak candidly about it, they realize, hopefully they

521
00:23:21,600 --> 00:23:24,160
Speaker 4: can realize that they're not alone and that there's better

522
00:23:24,240 --> 00:23:27,200
Speaker 4: solutions than you know, going down the dark path. And

523
00:23:27,280 --> 00:23:29,760
Speaker 4: you know, like anything, we all have battles that we face.

524
00:23:29,840 --> 00:23:33,199
Speaker 4: But I commend you for sharing that. I appreciate that,

525
00:23:33,280 --> 00:23:35,800
Speaker 4: of course. So all right, so now let's get into it.

526
00:23:35,880 --> 00:23:39,000
Speaker 4: Let's get into what you are doing today helping thousands

527
00:23:39,080 --> 00:23:43,200
Speaker 4: millions of people with credit. So I got questions. I'm

528
00:23:43,200 --> 00:23:45,720
Speaker 4: sure Troy got questions. So I want to start with

529
00:23:45,760 --> 00:23:47,720
Speaker 4: the first question. Were talking off camera as far as

530
00:23:47,760 --> 00:23:52,439
Speaker 4: real estate. You was talking about like buying houses and credit,

531
00:23:52,760 --> 00:23:55,800
Speaker 4: some mistakes that people might make. Can you go into

532
00:23:55,800 --> 00:23:56,640
Speaker 4: that a little bit? Yeah?

533
00:23:56,680 --> 00:23:59,240
Speaker 2: So, so what a lot of people want to learn

534
00:23:59,400 --> 00:24:01,040
Speaker 2: and they and they ask a lot is like how

535
00:24:01,080 --> 00:24:04,239
Speaker 2: can I get into real estate without any money? Like

536
00:24:04,359 --> 00:24:06,520
Speaker 2: I want to flip houses? Like I see these people

537
00:24:06,880 --> 00:24:09,960
Speaker 2: making money, and I know, I know the previous guy

538
00:24:10,000 --> 00:24:11,199
Speaker 2: you had out in here, you know, use one of

539
00:24:11,200 --> 00:24:13,840
Speaker 2: his student loans to get to get the capital or

540
00:24:13,920 --> 00:24:18,080
Speaker 2: to get the starting finances to do his thing. Do

541
00:24:18,400 --> 00:24:19,840
Speaker 2: you know what I mean? So it's like, well, what

542
00:24:19,880 --> 00:24:21,920
Speaker 2: if you don't have a student loan? What if you

543
00:24:21,960 --> 00:24:24,560
Speaker 2: don't have that? So one of the things that I

544
00:24:24,600 --> 00:24:27,879
Speaker 2: tell people is use your credit. Use your credit to

545
00:24:27,960 --> 00:24:30,040
Speaker 2: where if you don't have the money to put money down,

546
00:24:31,119 --> 00:24:34,680
Speaker 2: get your credit to a point that first the data right,

547
00:24:34,920 --> 00:24:38,240
Speaker 2: fix your credit right, get everything you know, get on time,

548
00:24:38,680 --> 00:24:41,520
Speaker 2: keep your balances low, because if you're going to start

549
00:24:41,520 --> 00:24:44,440
Speaker 2: handling real estate, it's going to be expensive with that

550
00:24:45,359 --> 00:24:47,040
Speaker 2: you know what I mean, there's gonna be expensive when

551
00:24:47,080 --> 00:24:48,520
Speaker 2: it comes to real estate. So it's like if you

552
00:24:48,560 --> 00:24:50,360
Speaker 2: just think that, let me just get this credit card

553
00:24:50,400 --> 00:24:52,560
Speaker 2: and that's it. So it's like one of the things

554
00:24:52,600 --> 00:24:54,560
Speaker 2: that I tell people is is build your credit up

555
00:24:54,600 --> 00:24:57,080
Speaker 2: to a way where you get it over seven hundred,

556
00:24:57,119 --> 00:24:59,480
Speaker 2: but you get at least like twenty to thirty thousand

557
00:24:59,480 --> 00:25:02,600
Speaker 2: dollars in credit cards on your personal credit. Okay, then

558
00:25:02,640 --> 00:25:05,480
Speaker 2: what you do is use that as leverage to now

559
00:25:05,480 --> 00:25:07,440
Speaker 2: when you have an LLC and you have a business,

560
00:25:07,640 --> 00:25:10,480
Speaker 2: to get approved for business credit cards, so that way

561
00:25:10,520 --> 00:25:13,520
Speaker 2: you can get those business credit cards, pull money from

562
00:25:13,560 --> 00:25:15,919
Speaker 2: those business credit cards, whether it's Chase, because you know,

563
00:25:16,000 --> 00:25:18,080
Speaker 2: sometimes with your business credit card, you can give you

564
00:25:18,119 --> 00:25:20,400
Speaker 2: an option to get a check and to pull money

565
00:25:20,400 --> 00:25:22,879
Speaker 2: out of So now you can use that as your

566
00:25:22,920 --> 00:25:26,760
Speaker 2: down payment for your hard money loan or your faha,

567
00:25:26,840 --> 00:25:28,399
Speaker 2: you know what I mean. So now the funds are

568
00:25:28,440 --> 00:25:31,080
Speaker 2: sourced is coming from a credit card. You take that

569
00:25:31,200 --> 00:25:34,520
Speaker 2: credit card, you pull money out of it, You put

570
00:25:34,520 --> 00:25:37,240
Speaker 2: that as a down payment for your hard money or whatever,

571
00:25:37,320 --> 00:25:39,080
Speaker 2: you know, whatever is he trying to do. And then

572
00:25:39,119 --> 00:25:41,920
Speaker 2: now once you start filipping or you know, you refinance,

573
00:25:41,960 --> 00:25:43,680
Speaker 2: you take that and just play the credit card off again,

574
00:25:43,840 --> 00:25:45,520
Speaker 2: and you just do it again. It's kind of like

575
00:25:45,560 --> 00:25:47,560
Speaker 2: the same way where you know, he was taking a

576
00:25:47,600 --> 00:25:49,960
Speaker 2: student loan out and it's the same thing, but now

577
00:25:49,960 --> 00:25:52,159
Speaker 2: you're using your credit where you can literally come out

578
00:25:52,200 --> 00:25:55,520
Speaker 2: of pocket zero money. Only expense you might have is

579
00:25:55,520 --> 00:25:57,520
Speaker 2: maybe fixing your credit and coming up with the credit

580
00:25:57,520 --> 00:26:00,320
Speaker 2: builder cards and then the annual fees for those credit

581
00:26:00,320 --> 00:26:01,600
Speaker 2: cards that you're getting for the business credit.

582
00:26:01,640 --> 00:26:03,159
Speaker 3: All right, So here's the thing now, right, So if

583
00:26:03,160 --> 00:26:04,919
Speaker 3: I'm trying to get my own personal line up to

584
00:26:04,960 --> 00:26:07,800
Speaker 3: thirty thousand, am I starting with one or two cards?

585
00:26:07,880 --> 00:26:09,840
Speaker 3: Or am I trying to get as many cars as

586
00:26:09,880 --> 00:26:12,040
Speaker 3: possible to get to thirty yep? One, How is that

587
00:26:12,080 --> 00:26:14,240
Speaker 3: going to affect my credit? If I have multiple inquiries?

588
00:26:14,240 --> 00:26:15,359
Speaker 3: If I'm getting multiple cards?

589
00:26:15,440 --> 00:26:15,960
Speaker 2: Great question?

590
00:26:15,960 --> 00:26:18,080
Speaker 5: What what's the method I got to use? Yep?

591
00:26:18,200 --> 00:26:20,280
Speaker 2: So you're like, well, which cards do I get? Which

592
00:26:20,320 --> 00:26:22,280
Speaker 2: them do I apply for a hard inquiry? That's one

593
00:26:22,320 --> 00:26:24,359
Speaker 2: of the things that people always ask. So there's a

594
00:26:24,440 --> 00:26:26,440
Speaker 2: couple of credit cards that we tell people to get.

595
00:26:26,640 --> 00:26:29,320
Speaker 2: You have a seven hundred credit score with no credit cards,

596
00:26:29,720 --> 00:26:33,200
Speaker 2: nobody's giving you a five thousand dollars credit card. Why

597
00:26:33,280 --> 00:26:36,879
Speaker 2: because your data on your credit report doesn't suffice that

598
00:26:37,160 --> 00:26:38,879
Speaker 2: strong enough. It's not strong enough. So you might have

599
00:26:38,880 --> 00:26:40,879
Speaker 2: a seven to twenty credit score, but if all you

600
00:26:40,920 --> 00:26:43,720
Speaker 2: have is a three hundred dollars Capital one card, you're

601
00:26:43,720 --> 00:26:45,879
Speaker 2: not going to get a ten thousand dollars chase, a

602
00:26:45,920 --> 00:26:48,800
Speaker 2: ten thousand dollars Amex or even an Amex Platinum because

603
00:26:48,800 --> 00:26:51,400
Speaker 2: your credit card or your credit report doesn't suffice that.

604
00:26:52,200 --> 00:26:55,159
Speaker 2: What do you think people usually do to do that? Like,

605
00:26:55,600 --> 00:26:58,160
Speaker 2: what do they usually buy to get that? Those limits,

606
00:26:58,880 --> 00:27:03,560
Speaker 2: the trade lines, that's why people get trade lines. Why

607
00:27:03,560 --> 00:27:05,280
Speaker 2: do you think their credit score goes up the way

608
00:27:05,280 --> 00:27:08,359
Speaker 2: it does is because the limits the age. Yes, like

609
00:27:08,359 --> 00:27:10,119
Speaker 2: just like you said, your mom adage is authorized US.

610
00:27:10,119 --> 00:27:12,359
Speaker 2: You have eighteen nineteen eighty five, so you get the

611
00:27:12,440 --> 00:27:13,639
Speaker 2: limit and you get the age.

612
00:27:13,720 --> 00:27:15,840
Speaker 5: Yeah, so your history is my history is like thirty

613
00:27:15,880 --> 00:27:16,760
Speaker 5: three years.

614
00:27:16,520 --> 00:27:18,720
Speaker 2: Right, But you can do that with just like you

615
00:27:18,720 --> 00:27:20,359
Speaker 2: did with a family member, you could do with a

616
00:27:20,359 --> 00:27:22,280
Speaker 2: family member too. You don't have to buy it, you

617
00:27:22,320 --> 00:27:25,000
Speaker 2: don't have to get you don't have to buy authorized

618
00:27:25,080 --> 00:27:26,959
Speaker 2: use a tradeline from someone that you don't know that.

619
00:27:27,440 --> 00:27:30,280
Speaker 2: So now when that bill comes in, you pay that

620
00:27:30,320 --> 00:27:32,320
Speaker 2: balance off in full. Now, what's that teaching you that

621
00:27:32,359 --> 00:27:34,640
Speaker 2: when a balance comes in, you pay it in full?

622
00:27:35,119 --> 00:27:38,200
Speaker 2: And it's teaching you to not carry a balance? Because

623
00:27:38,240 --> 00:27:41,560
Speaker 2: the thing is the magic number to maximize your credit score,

624
00:27:42,119 --> 00:27:44,639
Speaker 2: to have your balances is one percent. So if you

625
00:27:44,720 --> 00:27:47,160
Speaker 2: have one hundred a thousand dollars credit card, you want

626
00:27:47,160 --> 00:27:50,199
Speaker 2: to have one percent on there at all times. But

627
00:27:50,240 --> 00:27:51,480
Speaker 2: you're not at that stage yet.

628
00:27:51,960 --> 00:27:53,399
Speaker 4: You're not at that stage all right, So you always

629
00:27:53,400 --> 00:27:55,879
Speaker 4: got to have some level of something on your credit.

630
00:27:56,160 --> 00:27:59,639
Speaker 2: It depends if you're trying to maximize your credit Like

631
00:27:59,680 --> 00:28:02,600
Speaker 2: my my wife, I don't like her having that me

632
00:28:02,880 --> 00:28:05,199
Speaker 2: I have a little bit, But like it depends on

633
00:28:05,240 --> 00:28:07,720
Speaker 2: your situation. Like if you're really trying to master the

634
00:28:07,760 --> 00:28:11,719
Speaker 2: credit card game, one percent is the trick. So in

635
00:28:11,760 --> 00:28:13,960
Speaker 2: that category, there's there's there's thirty, there's one hundred and

636
00:28:14,000 --> 00:28:16,120
Speaker 2: sixty five points that you get from it right from

637
00:28:16,119 --> 00:28:19,560
Speaker 2: that pie, right and people say like, oh, thirty ten percent.

638
00:28:19,600 --> 00:28:21,240
Speaker 2: Whatever the case is. Now, if you're really trying to

639
00:28:21,240 --> 00:28:24,199
Speaker 2: maximize your credit score, leave it at one percent at

640
00:28:24,240 --> 00:28:27,680
Speaker 2: all times, then you'll get the full value. But with

641
00:28:27,880 --> 00:28:31,160
Speaker 2: credit building, we don't want clients to build to leave

642
00:28:31,200 --> 00:28:32,920
Speaker 2: a balance on that pay it all.

643
00:28:33,160 --> 00:28:34,359
Speaker 5: I have learned that lesson.

644
00:28:35,160 --> 00:28:38,640
Speaker 3: Like we told this story before where my mom made

645
00:28:38,640 --> 00:28:40,640
Speaker 3: me an authorized user for the American Express. So my

646
00:28:40,680 --> 00:28:42,480
Speaker 3: history goes back to nineteen eighty five, although I was

647
00:28:42,480 --> 00:28:44,600
Speaker 3: born in nineteen eighty two, and so when I would

648
00:28:44,720 --> 00:28:47,120
Speaker 3: use it, she'd be like, yo, I need the full payment.

649
00:28:47,360 --> 00:28:49,200
Speaker 3: I'm like, they don't take partial payments. He was like, no,

650
00:28:49,280 --> 00:28:51,640
Speaker 3: American Express. So my whole life like up until I

651
00:28:51,680 --> 00:28:53,640
Speaker 3: was like twenty five, I was like, wait, I know

652
00:28:53,680 --> 00:28:55,600
Speaker 3: they take partial payments. She was like, no, you got

653
00:28:55,600 --> 00:28:57,640
Speaker 3: pay in the full every time. So it created that

654
00:28:57,760 --> 00:28:59,240
Speaker 3: mindset of like, yo, you use.

655
00:28:59,160 --> 00:29:01,400
Speaker 4: Five hundred pay well, depending on what type of AMEX

656
00:29:01,440 --> 00:29:04,440
Speaker 4: it is, they don't take partial. Like you have to

657
00:29:04,480 --> 00:29:06,440
Speaker 4: pay the well, isn't I said?

658
00:29:06,680 --> 00:29:08,960
Speaker 3: So, Like at twenty five, I started looking at the samement,

659
00:29:08,960 --> 00:29:10,760
Speaker 3: so I'm like, Mom, she was like she was trying

660
00:29:10,800 --> 00:29:12,400
Speaker 3: to teach me, like yo, just paying the full, pay

661
00:29:12,400 --> 00:29:14,239
Speaker 3: in the full, But she was really thinking like yo,

662
00:29:14,280 --> 00:29:16,320
Speaker 3: I want to keep my credit good because I'm letting

663
00:29:16,400 --> 00:29:18,760
Speaker 3: you use it right valuable lesson.

664
00:29:18,720 --> 00:29:20,480
Speaker 2: You know what I mean. So now if you're telling

665
00:29:20,560 --> 00:29:22,000
Speaker 2: a client now here's the thing. If you give somebody

666
00:29:22,040 --> 00:29:24,800
Speaker 2: a two hundreds for your credit card, they can use anywhere,

667
00:29:24,800 --> 00:29:26,640
Speaker 2: and they're starting building credit. What they're gonna do. They're

668
00:29:26,640 --> 00:29:29,040
Speaker 2: gonna use it anywhere, they're gonna max it out, and

669
00:29:29,080 --> 00:29:30,720
Speaker 2: they're gonna be like, oh, my credit score is low.

670
00:29:30,880 --> 00:29:33,320
Speaker 2: Then they can't get ahead. Now they have late payments,

671
00:29:33,360 --> 00:29:35,440
Speaker 2: they're creditable, and then it's just it creates a cycle

672
00:29:35,480 --> 00:29:37,239
Speaker 2: again because they were like, yo, man, I'm stuck at

673
00:29:37,280 --> 00:29:39,920
Speaker 2: seven hundred. I have nothing negative, I pay everything off

674
00:29:39,960 --> 00:29:41,920
Speaker 2: in full. I'm like, well, what's your highest balance or

675
00:29:41,960 --> 00:29:42,880
Speaker 2: your highest credit limit.

676
00:29:42,920 --> 00:29:43,920
Speaker 4: They're like five hundred.

677
00:29:43,960 --> 00:29:45,880
Speaker 2: All that is a capital one and then ad max

678
00:29:45,960 --> 00:29:48,800
Speaker 2: with a thousand on it. I'm like, that's why, because

679
00:29:48,840 --> 00:29:52,560
Speaker 2: your limits don't suffice that higher credit score the data

680
00:29:52,600 --> 00:29:53,080
Speaker 2: on there.

681
00:29:53,040 --> 00:29:55,040
Speaker 3: And it actually helps because a lot of times, and

682
00:29:55,080 --> 00:29:57,440
Speaker 3: this happens, right, you might call the credit card that

683
00:29:57,480 --> 00:29:59,640
Speaker 3: you have to try to get the increase and they

684
00:29:59,640 --> 00:30:01,800
Speaker 3: may say no, no, no, we're good.

685
00:30:01,840 --> 00:30:04,960
Speaker 2: You're good. We've given you what your credit is capable

686
00:30:05,000 --> 00:30:06,880
Speaker 2: of doing. So now you ask me the inquisse The

687
00:30:06,880 --> 00:30:09,239
Speaker 2: people always worried about increase. So now the thing is,

688
00:30:09,480 --> 00:30:11,760
Speaker 2: if you're trying to get an Amex you have a

689
00:30:11,800 --> 00:30:14,240
Speaker 2: seven hundred, Yeah you'll get approved, but why not try

690
00:30:14,280 --> 00:30:16,640
Speaker 2: to maximize your approval? If you're trying to get a

691
00:30:16,680 --> 00:30:20,040
Speaker 2: Chase Sapphire or Chase, Inc. Why not maximize your approval

692
00:30:20,040 --> 00:30:22,200
Speaker 2: to get the full twenty to thirty five thousand dollars

693
00:30:22,240 --> 00:30:25,000
Speaker 2: off the rint versus getting a two thousand dollars credit card.

694
00:30:25,000 --> 00:30:26,160
Speaker 5: I'm having the build it all the way up.

695
00:30:26,240 --> 00:30:28,480
Speaker 2: That's the difference. So it's like if you get to Chase.

696
00:30:28,560 --> 00:30:30,040
Speaker 2: If you get to Chase credit card with a seve

697
00:30:30,080 --> 00:30:31,720
Speaker 2: hundred credit score and only all you have is a

698
00:30:31,720 --> 00:30:34,680
Speaker 2: thousand dollars limit and they give you ten grand, can

699
00:30:34,720 --> 00:30:37,640
Speaker 2: you really invest in real estate with that? You really

700
00:30:37,640 --> 00:30:39,840
Speaker 2: can't the way you want to, you know what I mean.

701
00:30:40,160 --> 00:30:42,640
Speaker 2: So if you're trying to now invest in real estate,

702
00:30:42,680 --> 00:30:45,960
Speaker 2: open up a business, do whatever you gotta do, you're

703
00:30:46,000 --> 00:30:48,160
Speaker 2: just taking that, sitting it on there, leaving it, and

704
00:30:48,160 --> 00:30:48,520
Speaker 2: that's it.

705
00:30:48,600 --> 00:30:50,800
Speaker 4: So you do that too, because a large part of

706
00:30:50,800 --> 00:30:53,320
Speaker 4: your credit score is to determined doing how much credit

707
00:30:53,320 --> 00:30:55,680
Speaker 4: you have available to you. Correct And you said that

708
00:30:55,800 --> 00:30:58,000
Speaker 4: kind of point in perspective, I guess I'm a little

709
00:30:58,040 --> 00:31:00,360
Speaker 4: jad because I had credit for all long time, so

710
00:31:00,360 --> 00:31:01,640
Speaker 4: I have a higher credit. I got a bunch of

711
00:31:01,640 --> 00:31:03,520
Speaker 4: credit cards, but you're saying that average person doesn't even

712
00:31:03,520 --> 00:31:06,120
Speaker 4: have five thousand dollars credit. So then this goes into

713
00:31:06,120 --> 00:31:08,400
Speaker 4: the business play, right, because when you were saying we're

714
00:31:08,400 --> 00:31:12,000
Speaker 4: gonna talk about business credit, you were saying that business

715
00:31:12,080 --> 00:31:15,040
Speaker 4: credit you get a lot more credit off the rip

716
00:31:15,120 --> 00:31:17,800
Speaker 4: than you will with personal credit. Correct, And that's true too,

717
00:31:17,840 --> 00:31:21,080
Speaker 4: because it's like I have an AMX personal credit card

718
00:31:21,400 --> 00:31:23,480
Speaker 4: and then I have an AMX business card that we

719
00:31:23,600 --> 00:31:26,320
Speaker 4: just opened, and the personal credit I had it for

720
00:31:26,480 --> 00:31:29,160
Speaker 4: years and I always pay on time, perfect history. I

721
00:31:29,160 --> 00:31:31,760
Speaker 4: think my limit is like fifteen thousand for that MX card,

722
00:31:32,280 --> 00:31:34,680
Speaker 4: the business card out the jump, and this is the

723
00:31:34,720 --> 00:31:37,680
Speaker 4: first business card that we've ever had AMX, even though

724
00:31:37,720 --> 00:31:40,040
Speaker 4: technically you said it's not fully but we'll explain that.

725
00:31:40,400 --> 00:31:42,760
Speaker 4: But it's the first business card that we've had AMX,

726
00:31:42,960 --> 00:31:46,840
Speaker 4: and out the gate it was forty five thousand dollar limit.

727
00:31:47,400 --> 00:31:51,400
Speaker 4: So that when you when you said that, like that

728
00:31:51,800 --> 00:31:54,760
Speaker 4: resonated with me because that was like the exact thing,

729
00:31:54,840 --> 00:31:55,840
Speaker 4: like you know what I mean, Like I don't have

730
00:31:55,880 --> 00:31:58,400
Speaker 4: one credit card personal side that has forty five thousand

731
00:31:58,440 --> 00:32:00,720
Speaker 4: dollar limits, right, and I have excellent credit. I have

732
00:32:00,720 --> 00:32:03,000
Speaker 4: a eight hundred and one credit score. But we went

733
00:32:03,040 --> 00:32:05,840
Speaker 4: to the business side, and right out the jump it

734
00:32:05,880 --> 00:32:08,920
Speaker 4: was and it was me using my personal CREDITEP. So

735
00:32:08,960 --> 00:32:10,480
Speaker 4: it's like they went and give me that on the

736
00:32:10,520 --> 00:32:14,440
Speaker 4: personal side, but they gave me almost three times without

737
00:32:14,480 --> 00:32:18,520
Speaker 4: any hassle on the business side. So all right, and

738
00:32:18,800 --> 00:32:21,400
Speaker 4: you're saying on the business side, once you established that,

739
00:32:22,560 --> 00:32:24,479
Speaker 4: now it's like I have forty five thousand, you can

740
00:32:24,480 --> 00:32:27,840
Speaker 4: do some damage and then you can use that to

741
00:32:27,880 --> 00:32:28,600
Speaker 4: buy real estate.

742
00:32:28,680 --> 00:32:32,719
Speaker 2: Correct, YEP. It's all like you're using one thing to

743
00:32:32,760 --> 00:32:34,600
Speaker 2: get this to get that, which is the end goal.

744
00:32:35,920 --> 00:32:39,600
Speaker 2: You don't need these credit cards. You don't need the

745
00:32:39,640 --> 00:32:42,400
Speaker 2: business credit card. You need the cash that you're getting

746
00:32:42,400 --> 00:32:44,040
Speaker 2: from the business credit cards that you can do what

747
00:32:44,080 --> 00:32:45,720
Speaker 2: you got to do, right, you know what I mean.

748
00:32:45,760 --> 00:32:47,720
Speaker 3: So I'm thinking in my mind, right, we got a

749
00:32:47,760 --> 00:32:49,840
Speaker 3: lot of people and it's like, as soon as you

750
00:32:49,840 --> 00:32:52,520
Speaker 3: get to college, you know, in the reason they sent

751
00:32:52,560 --> 00:32:54,440
Speaker 3: you those right before you went off, but in college

752
00:32:54,480 --> 00:32:56,800
Speaker 3: they're giving you credit cards right off the rip. Is

753
00:32:56,800 --> 00:32:59,400
Speaker 3: this something that young entrepreneurs could actually take advantage of?

754
00:32:59,520 --> 00:33:02,640
Speaker 2: No, I was say, as soon as you're eighteen. If

755
00:33:04,160 --> 00:33:06,720
Speaker 2: to let you know, I'm trying to change the way

756
00:33:06,760 --> 00:33:09,400
Speaker 2: that people think of a credit and start applying for credit.

757
00:33:09,920 --> 00:33:13,400
Speaker 2: So if parents start adding their kids at sixteen, when

758
00:33:13,400 --> 00:33:15,720
Speaker 2: they're eighteen, they already have a seven fifty eight hundred.

759
00:33:16,040 --> 00:33:18,360
Speaker 4: Yeah, talk about that. You know, I saw that on Instagram.

760
00:33:18,480 --> 00:33:20,840
Speaker 4: You're just like sixteen. Can you explain that?

761
00:33:20,920 --> 00:33:21,080
Speaker 5: Yep?

762
00:33:21,120 --> 00:33:22,880
Speaker 2: So, because it kind of goes in hand with your question.

763
00:33:23,040 --> 00:33:26,520
Speaker 2: So it's like, if you have kids that are under

764
00:33:26,520 --> 00:33:30,479
Speaker 2: eighteen and at least sixteen, you can add them to

765
00:33:30,520 --> 00:33:32,520
Speaker 2: your credit card, just like how I think we say

766
00:33:32,520 --> 00:33:34,600
Speaker 2: your grandmother, right, your mom. Your mom added you to

767
00:33:34,640 --> 00:33:37,520
Speaker 2: your card and you got all that history. But if

768
00:33:37,520 --> 00:33:40,600
Speaker 2: she would have added you at sixteen, when you turned eighteen,

769
00:33:41,240 --> 00:33:44,720
Speaker 2: now you have at least two years of an active

770
00:33:44,760 --> 00:33:46,960
Speaker 2: credit report. Because this is the thing. Your credit report

771
00:33:46,960 --> 00:33:50,240
Speaker 2: doesn't exist until something happens on there your credit report.

772
00:33:50,480 --> 00:33:52,320
Speaker 2: You're eight years old, you don't have a credit report,

773
00:33:52,600 --> 00:33:54,560
Speaker 2: you know what I mean. So if you're sixteen and

774
00:33:54,600 --> 00:33:56,560
Speaker 2: your parents add your mom and dad each adds you

775
00:33:56,560 --> 00:33:58,600
Speaker 2: to a credit card, that should be the birthday. Give hey,

776
00:33:58,640 --> 00:34:00,880
Speaker 2: let me add you to a credit card. Give it

777
00:34:00,880 --> 00:34:04,040
Speaker 2: to you start learning how to use it. You know

778
00:34:04,080 --> 00:34:06,280
Speaker 2: what I mean. Now when you become eighteen, now you

779
00:34:06,280 --> 00:34:09,680
Speaker 2: can get your own American Express, your own thing. Now

780
00:34:09,680 --> 00:34:11,359
Speaker 2: you don't need these and what else? Don't you need

781
00:34:11,400 --> 00:34:13,680
Speaker 2: trade lines? Because what a lot of people the reason

782
00:34:13,719 --> 00:34:15,560
Speaker 2: once again, I'm going to talk about tradelines a lot.

783
00:34:16,719 --> 00:34:19,000
Speaker 2: You know what I mean, because people use trade lines

784
00:34:19,160 --> 00:34:22,320
Speaker 2: because they want the history and the limits. So start

785
00:34:22,320 --> 00:34:25,239
Speaker 2: at a younger age. So now when you're eighteen, you

786
00:34:25,239 --> 00:34:27,120
Speaker 2: already know not only those trade lines. I already got

787
00:34:27,120 --> 00:34:29,080
Speaker 2: my own credit cards. And now you're just starting it

788
00:34:29,120 --> 00:34:31,920
Speaker 2: to where when you're in college, Now your parents are

789
00:34:31,960 --> 00:34:33,840
Speaker 2: going to open up an LLC for you, open up

790
00:34:33,880 --> 00:34:36,319
Speaker 2: this do whatever, and now you can do use your

791
00:34:36,360 --> 00:34:38,400
Speaker 2: own credit. You don't have to have a co signer

792
00:34:38,760 --> 00:34:41,560
Speaker 2: for a car, for an apartment, for anything. And now

793
00:34:42,040 --> 00:34:44,919
Speaker 2: we're changing the trajectory of when people apply, but how

794
00:34:44,960 --> 00:34:47,240
Speaker 2: they apply and more importantly, why they apply.

795
00:34:47,360 --> 00:34:49,799
Speaker 3: Their parents be responsible, that's what we want to be

796
00:34:49,840 --> 00:34:52,439
Speaker 3: responsible with your credit because like you said, this could

797
00:34:52,600 --> 00:34:53,640
Speaker 3: definitely help your children.

798
00:34:53,719 --> 00:34:53,959
Speaker 5: Yep.

799
00:34:54,200 --> 00:34:56,640
Speaker 4: So let me ask you this, all right, so business credit,

800
00:34:57,160 --> 00:35:00,600
Speaker 4: let's get into this. What are the I know I

801
00:35:00,640 --> 00:35:04,239
Speaker 4: wrote down some notes so you you have to have

802
00:35:04,280 --> 00:35:07,439
Speaker 4: a legit business obviously tax id. So explain it different.

803
00:35:07,480 --> 00:35:11,480
Speaker 4: Can you explain it difference between business credit personal credit?

804
00:35:11,719 --> 00:35:14,359
Speaker 4: And then I guess there's a hybrid situation like you said,

805
00:35:14,400 --> 00:35:17,279
Speaker 4: amx is technically is not full business credit because they

806
00:35:17,320 --> 00:35:20,840
Speaker 4: still use your personal guarantee. So what is the difference

807
00:35:20,880 --> 00:35:23,320
Speaker 4: between like the AMC situation where you still got to

808
00:35:23,360 --> 00:35:26,680
Speaker 4: have a personal guarantee and just full fledged business credit.

809
00:35:26,760 --> 00:35:29,839
Speaker 2: Yep, So you know your personal credit, you use your

810
00:35:29,880 --> 00:35:34,080
Speaker 2: social right sociecurity number. When you start a business, you

811
00:35:34,120 --> 00:35:36,960
Speaker 2: get you know, whether it's an LLC, a C, corp escort,

812
00:35:37,080 --> 00:35:39,640
Speaker 2: whatever the case is. You start a business and you

813
00:35:39,680 --> 00:35:42,600
Speaker 2: get your tax id. Now you're actually a business. And

814
00:35:42,719 --> 00:35:44,560
Speaker 2: I want people to understand that because a lot of

815
00:35:44,560 --> 00:35:46,920
Speaker 2: people think when they have a sober partnership but they

816
00:35:46,960 --> 00:35:48,839
Speaker 2: have a business, they really don't because you're still using

817
00:35:48,840 --> 00:35:51,400
Speaker 2: your social So you have to get a tax id

818
00:35:51,960 --> 00:35:56,880
Speaker 2: and once you start building business credit, depending on what

819
00:35:56,920 --> 00:36:00,399
Speaker 2: you're going for, you're gonna have to use your personal credit. Right,

820
00:36:00,719 --> 00:36:03,560
Speaker 2: So there's a difference between co signing and personal guarantee,

821
00:36:03,600 --> 00:36:05,960
Speaker 2: which you guys spoke about before. You know, if you're

822
00:36:06,000 --> 00:36:09,239
Speaker 2: personal guaranteeing something, you're using that to kind of like

823
00:36:09,280 --> 00:36:12,400
Speaker 2: get approved for it. Right, So, with a personal guarantee

824
00:36:12,400 --> 00:36:16,160
Speaker 2: and an American Express credit card, for instance, unless you're

825
00:36:16,239 --> 00:36:19,520
Speaker 2: like a major corporation like Facebook, Walmart, whatever the case is,

826
00:36:19,600 --> 00:36:23,200
Speaker 2: you're not getting American Express without using your social even

827
00:36:23,200 --> 00:36:26,239
Speaker 2: though you have your tax id too. Now you're using

828
00:36:26,239 --> 00:36:29,840
Speaker 2: your personal credit as leverage to ultimately get that American

829
00:36:29,880 --> 00:36:32,480
Speaker 2: Express to Chase and everything else. So the reason why

830
00:36:32,560 --> 00:36:35,080
Speaker 2: I say it's not true business credit, even though it

831
00:36:35,080 --> 00:36:38,440
Speaker 2: does report to experience business, is that you still got

832
00:36:38,480 --> 00:36:40,720
Speaker 2: to use your personal credit for it, which is not bad.

833
00:36:41,560 --> 00:36:43,439
Speaker 2: But in the event that you default, like you don't

834
00:36:43,440 --> 00:36:45,959
Speaker 2: pay it and it gets charged off, now it gets

835
00:36:46,000 --> 00:36:47,960
Speaker 2: reported to your personal credit.

836
00:36:48,080 --> 00:36:49,719
Speaker 5: If you fault on the business card, it goes back

837
00:36:49,719 --> 00:36:50,320
Speaker 5: to Yeah.

838
00:36:50,200 --> 00:36:52,160
Speaker 2: So if you have an American Express and you don't

839
00:36:52,160 --> 00:36:53,440
Speaker 2: pay it first on the amount of time and it

840
00:36:53,440 --> 00:36:56,480
Speaker 2: gets charged off, now that business credit card is not

841
00:36:56,520 --> 00:36:58,680
Speaker 2: going to show up as a late payment. It's going

842
00:36:58,760 --> 00:37:01,759
Speaker 2: to go straight to cheof status. And now you're going

843
00:37:01,840 --> 00:37:04,480
Speaker 2: to go from having a seven hundred twenty credit score

844
00:37:04,640 --> 00:37:07,319
Speaker 2: to now having a twenty thirty thousand dollars charge off

845
00:37:07,320 --> 00:37:10,359
Speaker 2: American Express credit card from the business and to get

846
00:37:10,360 --> 00:37:12,040
Speaker 2: that off, you gotta you know, you gotta pay it,

847
00:37:12,160 --> 00:37:13,840
Speaker 2: you know what I mean. You don't want to evade

848
00:37:13,880 --> 00:37:16,400
Speaker 2: that debt because now it's tied to your business. You

849
00:37:16,440 --> 00:37:18,680
Speaker 2: know what I mean. To get a true business credit

850
00:37:18,719 --> 00:37:21,640
Speaker 2: card or anything with business credit is by not having

851
00:37:21,680 --> 00:37:25,600
Speaker 2: to use your social and just by using your tax

852
00:37:25,680 --> 00:37:28,040
Speaker 2: id and maybe you're done in Bradstreet, which I know

853
00:37:28,080 --> 00:37:29,960
Speaker 2: we're going to we're gonna cover, you know what I mean.

854
00:37:30,040 --> 00:37:33,680
Speaker 2: So that's true business credit is not using your your

855
00:37:33,719 --> 00:37:36,880
Speaker 2: Social Security number, your date of birth, your name, anything,

856
00:37:36,920 --> 00:37:39,360
Speaker 2: and all you're using is got credit, your tax ID,

857
00:37:39,400 --> 00:37:42,360
Speaker 2: your EI in I mean, your your address, business you know,

858
00:37:42,400 --> 00:37:45,360
Speaker 2: business email, business phone number, and that's it, you know

859
00:37:45,400 --> 00:37:47,879
Speaker 2: what I mean. That's the true business credit. But when

860
00:37:47,920 --> 00:37:51,759
Speaker 2: American Expressed would chase you know, those credit cards, you're

861
00:37:51,800 --> 00:37:53,960
Speaker 2: still gonna have to use it, even though it's still

862
00:37:53,960 --> 00:37:55,280
Speaker 2: going to report to your business credit.

863
00:37:55,560 --> 00:37:57,760
Speaker 5: Gotcha? Gotcha? So you spoke about DMB.

864
00:37:58,239 --> 00:38:01,400
Speaker 3: Can you explain what it is, why it's so important,

865
00:38:01,440 --> 00:38:05,319
Speaker 3: and why people, especially in business. This episode is brought

866
00:38:05,320 --> 00:38:07,239
Speaker 3: to you by P and C Bank. A lot of

867
00:38:07,239 --> 00:38:10,839
Speaker 3: people think podcasts about work are boring and sure, they

868
00:38:10,920 --> 00:38:14,799
Speaker 3: definitely can be, but understanding a professionals routine shows us

869
00:38:14,800 --> 00:38:19,319
Speaker 3: how they achieve their success, little by little, day after day.

870
00:38:19,440 --> 00:38:21,920
Speaker 3: It's like banking with P and C Bank. It might

871
00:38:22,040 --> 00:38:24,920
Speaker 3: seem boring to safe plan and make calculated decisions with

872
00:38:24,960 --> 00:38:28,000
Speaker 3: your bank, but keeping your money boring is what helps

873
00:38:28,000 --> 00:38:31,120
Speaker 3: you live or more happily fulfilled life. P and C

874
00:38:31,239 --> 00:38:36,399
Speaker 3: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since

875
00:38:36,440 --> 00:38:39,120
Speaker 3: eighteen sixty five is a service mark of the PNC

876
00:38:39,200 --> 00:38:43,160
Speaker 3: Financial Service Group, Inc. P and C Bank National Association

877
00:38:43,360 --> 00:38:44,800
Speaker 3: Member FDIC.

878
00:38:47,440 --> 00:38:48,120
Speaker 5: Erness What's Up?

879
00:38:48,200 --> 00:38:50,680
Speaker 3: You ever walk into a small business and everything just

880
00:38:50,840 --> 00:38:54,040
Speaker 3: works like? The checkout is fast, the receipts are digital,

881
00:38:54,560 --> 00:38:57,520
Speaker 3: tipping is a breeze, and you're out the door before

882
00:38:57,520 --> 00:39:01,680
Speaker 3: the line even builds Odds are they're using Square? We

883
00:39:01,840 --> 00:39:04,400
Speaker 3: love supporting businesses that run on Square because it just

884
00:39:04,440 --> 00:39:05,239
Speaker 3: feels seamless.

885
00:39:05,360 --> 00:39:07,080
Speaker 5: Whether it's a local coffee.

886
00:39:06,680 --> 00:39:09,480
Speaker 3: Shop, a vendor at a pop up market, or even

887
00:39:09,520 --> 00:39:12,520
Speaker 3: one of our merch partners. Square makes it easy for

888
00:39:12,600 --> 00:39:16,080
Speaker 3: them to take payments, manage inventory, and run their business

889
00:39:16,080 --> 00:39:19,759
Speaker 3: with confidence, all from one simple system. If you're a

890
00:39:19,800 --> 00:39:22,959
Speaker 3: business owner, or even just thinking about launching something soon.

891
00:39:23,320 --> 00:39:25,919
Speaker 3: Square is hands down one of the best tools out

892
00:39:25,920 --> 00:39:29,200
Speaker 3: there to help you start, run and grow. It's not

893
00:39:29,320 --> 00:39:32,520
Speaker 3: just about payments, it's about giving you time back so

894
00:39:32,560 --> 00:39:35,200
Speaker 3: you can focus on what matters most ready. To see

895
00:39:35,239 --> 00:39:39,000
Speaker 3: how Square can transform your business, visit Square dot com

896
00:39:39,040 --> 00:39:43,880
Speaker 3: backslash go backslash eyl to learn more that Square dot

897
00:39:43,920 --> 00:39:48,879
Speaker 3: com backslash, go backslash eyl. Don't wait, don't hesitate. Let's

898
00:39:48,880 --> 00:39:51,360
Speaker 3: Square handle the back end so you can keep pushing

899
00:39:51,400 --> 00:39:52,280
Speaker 3: your vision forward.

900
00:39:54,520 --> 00:39:58,120
Speaker 7: An illegal alien from Guatemala charged with raping a child

901
00:39:58,200 --> 00:40:02,880
Speaker 7: in Massachusetts. Thirteen gang member from Al Salvador accused of

902
00:40:03,000 --> 00:40:07,000
Speaker 7: murdering a Texas. Man of Venezuelan charged with filming and

903
00:40:07,120 --> 00:40:10,920
Speaker 7: selling child pornography in Michigan. These are just some of

904
00:40:10,960 --> 00:40:14,680
Speaker 7: the heinous migrant criminals caught because of President Donald J.

905
00:40:14,760 --> 00:40:18,520
Speaker 7: Trump's leadership. I'm Christy Noman, the United States Secretary of

906
00:40:18,560 --> 00:40:23,359
Speaker 7: Homeland Security. Under President Trump, attempted illegal border crossings are

907
00:40:23,400 --> 00:40:26,800
Speaker 7: at the lowest levels ever recorded, and over one hundred

908
00:40:26,840 --> 00:40:30,719
Speaker 7: thousand illegal aliens have been arrested. If you are here illegally,

909
00:40:31,239 --> 00:40:34,520
Speaker 7: your next you will be fined nearly one thousand dollars

910
00:40:34,560 --> 00:40:38,719
Speaker 7: a day. Imprisoned and deported, you will never return. But

911
00:40:38,800 --> 00:40:42,320
Speaker 7: if you register using our CBP home app and leave now,

912
00:40:42,680 --> 00:40:45,799
Speaker 7: you could be allowed to return legally do what's right.

913
00:40:46,360 --> 00:40:51,920
Speaker 7: Leave now. Under President Trump America's laws, border and families will.

914
00:40:51,719 --> 00:40:54,520
Speaker 3: Be protected sponsored by the United States Department of Homeland Security.

915
00:40:54,560 --> 00:40:58,480
Speaker 2: Because to know that number, yep, so, dun and Bradstreet

916
00:40:58,520 --> 00:41:02,600
Speaker 2: is another like I guess you can say social so

917
00:41:02,760 --> 00:41:05,520
Speaker 2: notice for personal credit, all you have is one for

918
00:41:05,600 --> 00:41:07,719
Speaker 2: business credit. There's like multiple things you got to do

919
00:41:07,719 --> 00:41:10,600
Speaker 2: to establish business credit. It's not easy. So Done In

920
00:41:10,640 --> 00:41:14,680
Speaker 2: Bradstreet is kind of like the biggest business credit reporting

921
00:41:14,719 --> 00:41:16,840
Speaker 2: agency out there. And if you're trying to get like

922
00:41:16,840 --> 00:41:19,200
Speaker 2: a car, if you're trying to get like net thirty accounts,

923
00:41:19,200 --> 00:41:21,160
Speaker 2: if you're trying to get things like American Express, they

924
00:41:21,200 --> 00:41:23,680
Speaker 2: all check Done in Bradstreet and they give you what's

925
00:41:23,719 --> 00:41:26,520
Speaker 2: called a Dun's number. So if you want to just

926
00:41:26,840 --> 00:41:29,440
Speaker 2: create a Dune's number, you just go to dune In

927
00:41:29,480 --> 00:41:33,400
Speaker 2: Brasstree's website. It's free, doesn't cost you anything. You shouldn't

928
00:41:33,440 --> 00:41:36,719
Speaker 2: be paying anybody to get you a done In Bradstreet number.

929
00:41:36,719 --> 00:41:40,120
Speaker 2: It's free. So now what it is is people will

930
00:41:40,239 --> 00:41:43,680
Speaker 2: report what you're doing to Done in Bradstreet because they

931
00:41:43,719 --> 00:41:46,359
Speaker 2: have to house that information somewhere. So that way, if

932
00:41:46,360 --> 00:41:47,640
Speaker 2: you want to get a car, if you want to

933
00:41:47,680 --> 00:41:50,160
Speaker 2: get something in the future and eventually not use a

934
00:41:50,160 --> 00:41:53,440
Speaker 2: personal guarantee, that's what they're gonna check. You're Done in

935
00:41:53,480 --> 00:41:55,359
Speaker 2: Brasstreet credit report, you know what I mean.

936
00:41:55,400 --> 00:41:57,440
Speaker 5: So they're logging the data, right, They're.

937
00:41:57,360 --> 00:42:00,319
Speaker 2: Logging the data. So it's like, now you're American Press

938
00:42:00,400 --> 00:42:03,160
Speaker 2: is not being reported to Done in Brasstreet. That is

939
00:42:03,200 --> 00:42:05,919
Speaker 2: being reported to Experience Business. So it's you know, there's

940
00:42:05,920 --> 00:42:10,120
Speaker 2: the Equifax Business, Experience Business, and Done in Bradstreet. Just

941
00:42:10,120 --> 00:42:13,120
Speaker 2: like how with the three there's Experience, TransUnion and Equifax.

942
00:42:13,360 --> 00:42:15,200
Speaker 2: So there's three with this one, and there's even more,

943
00:42:15,360 --> 00:42:17,319
Speaker 2: but those are the main three, you know what I mean.

944
00:42:17,360 --> 00:42:19,319
Speaker 2: So now with Done in brass Street, now you're also

945
00:42:19,400 --> 00:42:22,280
Speaker 2: given a number that now when you apply for something

946
00:42:22,320 --> 00:42:24,239
Speaker 2: on a business credit put they're like, what she's Done's number,

947
00:42:24,520 --> 00:42:25,800
Speaker 2: And a lot of people don't know that, like what

948
00:42:26,120 --> 00:42:28,040
Speaker 2: are you even talking about? So now they're going to

949
00:42:28,080 --> 00:42:30,040
Speaker 2: dune in brass U's number. They got to buy one

950
00:42:30,040 --> 00:42:32,120
Speaker 2: and then they try to sell them this crazy software

951
00:42:32,120 --> 00:42:34,440
Speaker 2: and it's crazy monitoring and they don't need that, you

952
00:42:34,480 --> 00:42:36,480
Speaker 2: know what I mean. So eventually, once you start building

953
00:42:36,560 --> 00:42:40,319
Speaker 2: business credit, all you got to apply for is with

954
00:42:38,800 --> 00:42:43,239
Speaker 2: your business name, your tax ID, and you're done in

955
00:42:43,280 --> 00:42:46,520
Speaker 2: Bradstreet and it doesn't get reported anywhere God forbid you

956
00:42:46,600 --> 00:42:49,080
Speaker 2: default on it. You're protecting your personal credit.

957
00:42:49,800 --> 00:42:51,640
Speaker 4: So if I want to get a business credit card

958
00:42:51,719 --> 00:42:54,799
Speaker 4: without personally guarantee, where would I go to for that?

959
00:42:55,400 --> 00:42:57,640
Speaker 2: So it depends on what type of business credit card

960
00:42:57,640 --> 00:43:00,680
Speaker 2: you're trying to get because a lot of especially if

961
00:43:00,719 --> 00:43:03,879
Speaker 2: you're in business under two years, you're not gonna get

962
00:43:03,880 --> 00:43:06,960
Speaker 2: it because you haven't built history. So personal guarantee, right,

963
00:43:07,239 --> 00:43:09,799
Speaker 2: there might be some out you know, there's like you know,

964
00:43:09,880 --> 00:43:12,319
Speaker 2: once you start building revenue and you start you can

965
00:43:12,360 --> 00:43:14,480
Speaker 2: show tax returns and you can show why these like

966
00:43:14,480 --> 00:43:16,479
Speaker 2: there's some local credit you needs that you can get

967
00:43:17,760 --> 00:43:20,840
Speaker 2: a business credit card without it, and then there's also

968
00:43:20,960 --> 00:43:23,359
Speaker 2: like some other business like like a gas card. Right,

969
00:43:23,360 --> 00:43:24,560
Speaker 2: So this is one of the things that we tell

970
00:43:24,600 --> 00:43:27,520
Speaker 2: people is a gas card actually has a lot of

971
00:43:27,640 --> 00:43:30,080
Speaker 2: value in it because you can get an American I mean,

972
00:43:30,120 --> 00:43:34,560
Speaker 2: a visa or a MasterCard business credit card that you

973
00:43:34,600 --> 00:43:36,800
Speaker 2: don't have to put your social on it, you know

974
00:43:36,840 --> 00:43:39,320
Speaker 2: what I mean. And those Visa master Card business credit

975
00:43:39,320 --> 00:43:41,800
Speaker 2: cards are powerful because yeah, it's tied to a gas station,

976
00:43:42,200 --> 00:43:43,960
Speaker 2: but it's a Visa mass card. So now what you're

977
00:43:43,960 --> 00:43:47,320
Speaker 2: doing is you're building your Visa master Card business credit,

978
00:43:48,080 --> 00:43:50,799
Speaker 2: so that way you could eventually get a credit card

979
00:43:50,880 --> 00:43:51,319
Speaker 2: without it.

980
00:43:51,640 --> 00:43:53,480
Speaker 5: A wise woman spoke to us about gas cards.

981
00:43:54,200 --> 00:43:58,640
Speaker 2: Business gas cards are the hidden secret of business credit.

982
00:43:59,000 --> 00:43:59,840
Speaker 2: The hidden secret.

983
00:44:00,800 --> 00:44:02,719
Speaker 4: Nav dot com yep, what's.

984
00:44:02,560 --> 00:44:05,400
Speaker 2: That lovenap dot com, So nab dot com, you have

985
00:44:05,480 --> 00:44:08,839
Speaker 2: credit Karma, or you have credit check Total, you have

986
00:44:09,200 --> 00:44:12,160
Speaker 2: what's the other one? My fi goo Right, those are

987
00:44:12,400 --> 00:44:17,239
Speaker 2: credit monitoring sites for your personal credit. Nav nav dot

988
00:44:17,280 --> 00:44:22,240
Speaker 2: com monitors your business, so it houses all three your Equifax, business,

989
00:44:22,280 --> 00:44:25,880
Speaker 2: your Experience business, and you're done in Bradstreet, all in

990
00:44:26,000 --> 00:44:28,440
Speaker 2: one place. It's like thirty dollars a month. And the

991
00:44:28,520 --> 00:44:30,839
Speaker 2: great thing about nav dot com is once you make

992
00:44:30,880 --> 00:44:33,680
Speaker 2: your payment, they report it to the business credit bureaus

993
00:44:34,160 --> 00:44:36,840
Speaker 2: right way, right away. So now as you're paying for

994
00:44:37,000 --> 00:44:40,600
Speaker 2: credit monitoring, you're also building your credit, your business credit.

995
00:44:40,960 --> 00:44:42,320
Speaker 2: So it's pretty cool because it's a you know, I

996
00:44:42,360 --> 00:44:45,200
Speaker 2: would sh they did that for personal credit. So imagine

997
00:44:45,200 --> 00:44:48,799
Speaker 2: you're paying for credit monitoring and it being reported as

998
00:44:48,800 --> 00:44:51,399
Speaker 2: an on time payment. That's what NAB dot com does,

999
00:44:51,400 --> 00:44:53,920
Speaker 2: and nod dot com has a lot of educational tools

1000
00:44:53,920 --> 00:44:56,680
Speaker 2: on there. It talks about business credit lines of credit

1001
00:44:56,960 --> 00:44:59,560
Speaker 2: funding and it educates and we tell all of our

1002
00:44:59,600 --> 00:45:01,960
Speaker 2: clients they have to enroll in that dot com when

1003
00:45:01,960 --> 00:45:04,200
Speaker 2: they come in our business credit program because it's a

1004
00:45:04,239 --> 00:45:07,080
Speaker 2: great tool to have to help us educate our clients

1005
00:45:07,080 --> 00:45:07,840
Speaker 2: on business credit.

1006
00:45:07,960 --> 00:45:10,760
Speaker 3: So we had some ways to increase the credit limit

1007
00:45:10,960 --> 00:45:14,879
Speaker 3: for personal is there a ways also to increase our business.

1008
00:45:14,640 --> 00:45:17,360
Speaker 2: Limit, same way, same exact thing, the same way. And

1009
00:45:17,920 --> 00:45:20,359
Speaker 2: if you have higher limits on the personal side, when

1010
00:45:20,400 --> 00:45:23,000
Speaker 2: you come in, you're going to start off at the

1011
00:45:23,040 --> 00:45:25,920
Speaker 2: forty five thousand, the thirty thousands. So now when you're

1012
00:45:25,920 --> 00:45:28,879
Speaker 2: getting the limit increased six to eight months later, which

1013
00:45:28,920 --> 00:45:32,440
Speaker 2: we recommend, now you're getting anywhere to now they're gonna say,

1014
00:45:32,440 --> 00:45:33,960
Speaker 2: all right, miss the customer, we're going to put you

1015
00:45:33,960 --> 00:45:37,719
Speaker 2: at fifty thousand, sixty thousand, one hundred thousand. So imagine

1016
00:45:37,840 --> 00:45:40,720
Speaker 2: you starting off with three credit cards at forty five thousand.

1017
00:45:41,200 --> 00:45:43,080
Speaker 2: In three years, each of those credit cards should be

1018
00:45:43,120 --> 00:45:46,000
Speaker 2: sixty to eighty you know what I mean? And then

1019
00:45:46,040 --> 00:45:48,560
Speaker 2: now you just you just compounding and you're just multiplying

1020
00:45:48,560 --> 00:45:49,040
Speaker 2: your limits.

1021
00:45:49,080 --> 00:45:51,560
Speaker 5: So correct me if I'm wrong.

1022
00:45:51,680 --> 00:45:53,560
Speaker 3: If we let's say we have a business credit card,

1023
00:45:53,600 --> 00:45:55,879
Speaker 3: the more we spend, the more we pay off, can

1024
00:45:55,920 --> 00:45:58,440
Speaker 3: we then before the six eight months ask for the increase?

1025
00:45:58,480 --> 00:45:59,120
Speaker 5: So should we just wait?

1026
00:45:59,320 --> 00:46:01,160
Speaker 2: If it's a new If it's a new credit card,

1027
00:46:01,400 --> 00:46:04,040
Speaker 2: that's usually like the average time frame. That's why I

1028
00:46:04,080 --> 00:46:06,080
Speaker 2: tell people to wait six to eight months, use it

1029
00:46:06,120 --> 00:46:08,319
Speaker 2: paid off, use it paid off, use it paid off,

1030
00:46:08,640 --> 00:46:10,799
Speaker 2: and then you'll get used to every six to eight

1031
00:46:10,800 --> 00:46:13,279
Speaker 2: months acting for limiting increase. So that way you never

1032
00:46:13,360 --> 00:46:17,359
Speaker 2: stay at that fifteen forty five thousand. You're growing because

1033
00:46:17,719 --> 00:46:20,160
Speaker 2: what as your business grows, so does your expenses. So

1034
00:46:20,600 --> 00:46:22,719
Speaker 2: eventually a forty five thousand dollar credit card might not

1035
00:46:22,719 --> 00:46:25,719
Speaker 2: be enough. Eventually three forty five thousand dollars credit cards

1036
00:46:25,760 --> 00:46:27,279
Speaker 2: might not be able to know what I need three

1037
00:46:27,360 --> 00:46:30,240
Speaker 2: hundred thousand. And that's how you keep building. You keep building,

1038
00:46:30,239 --> 00:46:32,440
Speaker 2: you keep building, and keep getting credit limited creases.

1039
00:46:32,680 --> 00:46:38,680
Speaker 4: So for the business, credit is equal. Facts done in

1040
00:46:38,719 --> 00:46:43,680
Speaker 4: Bradstreet and experience, not TransUnion. Huh TransUnion is only for

1041
00:46:44,000 --> 00:46:46,560
Speaker 4: personal credit personal credit, correct, So, and it's the same

1042
00:46:46,920 --> 00:46:49,680
Speaker 4: theory though where they take those three score it's like

1043
00:46:49,719 --> 00:46:51,520
Speaker 4: an aggregate of those three scores, just like on the

1044
00:46:51,560 --> 00:46:52,440
Speaker 4: personal side.

1045
00:46:52,920 --> 00:46:55,680
Speaker 2: Great question. No, so it depends on and you notice

1046
00:46:55,680 --> 00:46:57,080
Speaker 2: a lot of the times I'm replying to you, I'm

1047
00:46:57,080 --> 00:47:00,360
Speaker 2: saying it depends because it really does depend on assists situation.

1048
00:47:00,719 --> 00:47:03,600
Speaker 2: Because if you're applying for like a vehicle, they might

1049
00:47:03,640 --> 00:47:07,000
Speaker 2: only check Echofacts, they might only check experience. You know,

1050
00:47:07,040 --> 00:47:09,200
Speaker 2: you can get a net thirty account just by checking

1051
00:47:09,239 --> 00:47:11,600
Speaker 2: done in Brasstreet, you know what I mean. So the

1052
00:47:11,680 --> 00:47:13,440
Speaker 2: great thing that I always tell people is when you're

1053
00:47:13,440 --> 00:47:15,480
Speaker 2: applying for business credit, if we don't already know who

1054
00:47:15,520 --> 00:47:18,480
Speaker 2: you're applying with, ask them say, hey, I see you

1055
00:47:18,480 --> 00:47:20,919
Speaker 2: have a business application on your website. Who do you check?

1056
00:47:21,480 --> 00:47:24,640
Speaker 2: What business credit reporting service do you have? Or what

1057
00:47:24,680 --> 00:47:28,080
Speaker 2: business credit credit report do you check when you're approving me,

1058
00:47:28,560 --> 00:47:31,200
Speaker 2: Because now they might just say, we check experience, we

1059
00:47:31,239 --> 00:47:33,359
Speaker 2: check done in brass we check eqofacts. And that's good

1060
00:47:33,400 --> 00:47:36,640
Speaker 2: to know because it's very rare that when you apply

1061
00:47:36,719 --> 00:47:39,359
Speaker 2: for a business credit that they check all three. It's very,

1062
00:47:39,480 --> 00:47:42,520
Speaker 2: very very rare. Equofax is the least used. Done in

1063
00:47:42,600 --> 00:47:45,279
Speaker 2: brass is obviously the most inexperienced A second, you know

1064
00:47:45,320 --> 00:47:47,080
Speaker 2: what I mean. So, but this is the thing. If

1065
00:47:47,120 --> 00:47:49,759
Speaker 2: you don't have your experience in order or you're done

1066
00:47:49,800 --> 00:47:52,880
Speaker 2: in brass three set up, you can't get it. And

1067
00:47:52,880 --> 00:47:54,440
Speaker 2: then you're gonna wonder why why did I get the

1068
00:47:54,440 --> 00:47:57,319
Speaker 2: client for this account? It's because you don't have dune

1069
00:47:57,320 --> 00:47:58,920
Speaker 2: and brass here, and they're not gonna tell you why

1070
00:47:58,920 --> 00:47:59,399
Speaker 2: you would deny.

1071
00:47:59,560 --> 00:48:00,840
Speaker 5: This is all place like. All you have to do

1072
00:48:00,880 --> 00:48:02,200
Speaker 5: is get on the phone call and ask it.

1073
00:48:02,760 --> 00:48:03,840
Speaker 4: So you gotta do this.

1074
00:48:03,960 --> 00:48:05,320
Speaker 5: Guy's a change.

1075
00:48:06,120 --> 00:48:07,120
Speaker 4: What's NET thirty?

1076
00:48:07,600 --> 00:48:11,080
Speaker 2: So a NET thirty account is pretty much how your

1077
00:48:11,400 --> 00:48:14,319
Speaker 2: your mom was teaching you about the American Express. So

1078
00:48:14,400 --> 00:48:17,680
Speaker 2: you already had that mindset and that already that mentality

1079
00:48:17,680 --> 00:48:19,560
Speaker 2: that when something comes in, it has to be paid

1080
00:48:19,600 --> 00:48:21,760
Speaker 2: within thirty days. So that way is no laid payment,

1081
00:48:22,000 --> 00:48:24,160
Speaker 2: and that's what net thirty is. And NET thirty means

1082
00:48:24,160 --> 00:48:25,960
Speaker 2: that when you get your bill, it has to be

1083
00:48:25,960 --> 00:48:28,719
Speaker 2: paid within thirty days. Sometimes they'll give you a NET

1084
00:48:28,719 --> 00:48:31,239
Speaker 2: ten to start off, or NET twenty, but anything with

1085
00:48:31,360 --> 00:48:33,080
Speaker 2: net in front of it just means that the terms

1086
00:48:33,080 --> 00:48:34,799
Speaker 2: that you have of when your credit card has to

1087
00:48:34,800 --> 00:48:36,759
Speaker 2: be paid off or that account that you apply for.

1088
00:48:37,000 --> 00:48:39,800
Speaker 2: Sometimes they'll give you NET sixty, you know net thirty,

1089
00:48:39,800 --> 00:48:42,400
Speaker 2: But net thirty means if I you know you line

1090
00:48:42,520 --> 00:48:45,719
Speaker 2: dot com, we love them. You can buy products, shipping stuff,

1091
00:48:45,760 --> 00:48:48,359
Speaker 2: whatever the case is. And when you get something from them,

1092
00:48:48,400 --> 00:48:50,680
Speaker 2: you have thirty days to pay it off. And when

1093
00:48:50,680 --> 00:48:52,480
Speaker 2: you pay it off, now they're going to report your

1094
00:48:52,480 --> 00:48:54,759
Speaker 2: payment is on time. Once you go that thirty days.

1095
00:48:54,760 --> 00:48:56,480
Speaker 2: It's like the same thing with a credit card, they're

1096
00:48:56,480 --> 00:48:58,080
Speaker 2: going to report you thirty one I mean in personal

1097
00:48:58,120 --> 00:49:00,320
Speaker 2: credit thirty one days pass, do thirty two days past

1098
00:49:00,560 --> 00:49:00,960
Speaker 2: and that's it.

1099
00:49:01,000 --> 00:49:02,160
Speaker 5: So it becomes a negative item.

1100
00:49:02,280 --> 00:49:02,600
Speaker 4: Correct.

1101
00:49:02,640 --> 00:49:04,600
Speaker 3: So like on the personal side and the ben's side,

1102
00:49:04,840 --> 00:49:07,680
Speaker 3: if we get negative items, obviously you got to pay it.

1103
00:49:07,760 --> 00:49:10,080
Speaker 3: But are there ways to or maneuver as we can

1104
00:49:10,120 --> 00:49:11,839
Speaker 3: do to help clean it or you?

1105
00:49:11,920 --> 00:49:13,440
Speaker 5: Yeah, so let's talk about that.

1106
00:49:14,200 --> 00:49:17,320
Speaker 2: So Dune in Bradstreet, right when you when you register

1107
00:49:17,440 --> 00:49:19,400
Speaker 2: for your DMB number or your Dune's number, I mean

1108
00:49:19,880 --> 00:49:22,799
Speaker 2: you get access to their website. It's free. You hear

1109
00:49:22,880 --> 00:49:25,640
Speaker 2: it from me, Do not pay dun in Brasstreet anything

1110
00:49:25,680 --> 00:49:27,680
Speaker 2: because you're going to pay nab dot com to monitor it.

1111
00:49:28,120 --> 00:49:30,600
Speaker 2: But dun and Bradstreet gives you like a little portal,

1112
00:49:31,320 --> 00:49:34,040
Speaker 2: right where you can go in and change like your name,

1113
00:49:34,480 --> 00:49:38,440
Speaker 2: change your address, change everything. And if there's information on

1114
00:49:38,480 --> 00:49:40,720
Speaker 2: your dune in Bradstreet that says you had a late payment,

1115
00:49:40,760 --> 00:49:43,400
Speaker 2: all you gotta do is click it, say paid in terms,

1116
00:49:43,560 --> 00:49:46,560
Speaker 2: and they'll delete it. And I'm telling you that easy

1117
00:49:46,640 --> 00:49:49,719
Speaker 2: is because in credit repair, like in the personal credit side,

1118
00:49:49,800 --> 00:49:51,680
Speaker 2: let me break it down. You have the Fair Credit

1119
00:49:51,719 --> 00:49:54,680
Speaker 2: Reporting Act, right, you have the Fair Credit Billing Act,

1120
00:49:55,000 --> 00:49:58,279
Speaker 2: the Truth in Lending Act, the Credit Repair Organizations that

1121
00:49:58,320 --> 00:50:00,600
Speaker 2: you have all these things that govern the credit repair right.

1122
00:50:00,719 --> 00:50:03,360
Speaker 2: And business credit you don't have that. So it's like

1123
00:50:03,400 --> 00:50:06,280
Speaker 2: when you want to dispute something on your business credit report,

1124
00:50:06,600 --> 00:50:10,080
Speaker 2: it's easy. But that's also why when you get declined

1125
00:50:10,120 --> 00:50:13,839
Speaker 2: for business credit, they don't also tell you it's not regulated. Notice,

1126
00:50:13,880 --> 00:50:15,440
Speaker 2: when you apply for a personal credit card, they say

1127
00:50:15,480 --> 00:50:17,480
Speaker 2: you're declined because your credit score is seven. You know,

1128
00:50:17,600 --> 00:50:20,440
Speaker 2: six eighty, you have negative items, you have too many inquiries,

1129
00:50:20,600 --> 00:50:24,560
Speaker 2: high balances. They tell you why you would decline business credit,

1130
00:50:24,640 --> 00:50:26,120
Speaker 2: don't tell you that. But you could also use that

1131
00:50:26,160 --> 00:50:28,600
Speaker 2: to your advantage. Because now when you go on done

1132
00:50:28,600 --> 00:50:29,960
Speaker 2: in brad Street and you go on there and you

1133
00:50:30,080 --> 00:50:32,400
Speaker 2: fix the information and it says you have things that

1134
00:50:32,440 --> 00:50:36,120
Speaker 2: are paid out of terms, which is which is lowering.

1135
00:50:36,400 --> 00:50:38,560
Speaker 2: You know, you have your paydex scorer. With done in Brasstreet,

1136
00:50:38,560 --> 00:50:40,760
Speaker 2: it goes from zero to one hundred, whereas your personal

1137
00:50:40,800 --> 00:50:43,640
Speaker 2: credit goes from three hundred to eighty fifty. You're done

1138
00:50:43,640 --> 00:50:46,000
Speaker 2: in Brassrod, you're done. Your paydex score goes from zero

1139
00:50:46,000 --> 00:50:48,800
Speaker 2: to one hundred. So now if you have a seventy,

1140
00:50:48,880 --> 00:50:51,719
Speaker 2: it could be because you pay something late. So all

1141
00:50:51,760 --> 00:50:53,480
Speaker 2: you got to do is go on dm B. You know,

1142
00:50:53,560 --> 00:50:57,080
Speaker 2: your your profile said pay with in terms and it'll

1143
00:50:57,080 --> 00:50:58,879
Speaker 2: come off for like within a few days. So it's

1144
00:50:59,040 --> 00:51:02,560
Speaker 2: business credit repair or business quarter repair is very very simple,

1145
00:51:02,920 --> 00:51:04,960
Speaker 2: very easy, and that's what we teach our clients is

1146
00:51:04,960 --> 00:51:07,480
Speaker 2: how to do that on your own because there's people

1147
00:51:07,480 --> 00:51:09,560
Speaker 2: out there, you know, taking through the ringer with that

1148
00:51:09,600 --> 00:51:11,160
Speaker 2: and you could just do it on yourself. It takes

1149
00:51:11,160 --> 00:51:11,960
Speaker 2: five minutes to do it.

1150
00:51:12,560 --> 00:51:13,719
Speaker 5: Yeah, I mean learn something new.

1151
00:51:15,040 --> 00:51:18,040
Speaker 4: So you were saying you shouldn't use your home address

1152
00:51:18,480 --> 00:51:21,040
Speaker 4: or your or your personal phone number, Nope, why not?

1153
00:51:21,800 --> 00:51:24,319
Speaker 2: So if you're a true business, right, think about it?

1154
00:51:25,080 --> 00:51:27,560
Speaker 2: Do you want to expose your personal information? If you're

1155
00:51:27,600 --> 00:51:29,520
Speaker 2: if you're setting up a business and you're you know

1156
00:51:29,560 --> 00:51:31,560
Speaker 2: you're you're usually set up a business, so you don't

1157
00:51:31,560 --> 00:51:33,880
Speaker 2: have to use your social your data birth So it's like,

1158
00:51:33,920 --> 00:51:36,239
Speaker 2: why are you not putting your home address on there?

1159
00:51:36,840 --> 00:51:38,520
Speaker 2: What you want to do is you want to get

1160
00:51:38,560 --> 00:51:41,040
Speaker 2: like a virtual office. Have you guys ever heard of Regis? Yeah,

1161
00:51:41,239 --> 00:51:44,560
Speaker 2: I was gonna say Regis Regius fifty bucks a month.

1162
00:51:45,080 --> 00:51:47,640
Speaker 2: Now if like me, when I created my LLC, I

1163
00:51:47,640 --> 00:51:49,759
Speaker 2: had my home address on there. Once I got my

1164
00:51:49,840 --> 00:51:52,239
Speaker 2: virtual office, I just changed the address on the state

1165
00:51:52,239 --> 00:51:54,600
Speaker 2: website and with the EI N and that's it. The

1166
00:51:54,680 --> 00:51:56,720
Speaker 2: thing is, I used to have clients open my house

1167
00:51:57,480 --> 00:51:59,960
Speaker 2: because it's public record. And when you put your web

1168
00:52:00,080 --> 00:52:01,239
Speaker 2: side up and we put every thing up. If you

1169
00:52:01,239 --> 00:52:03,719
Speaker 2: don't have a virtual office or a business office, you're

1170
00:52:03,800 --> 00:52:06,520
Speaker 2: using your personal address for everything, and you don't want

1171
00:52:06,600 --> 00:52:09,719
Speaker 2: business clients showing up to your house. You also don't

1172
00:52:09,719 --> 00:52:13,200
Speaker 2: want your personal address out there. What if you start

1173
00:52:13,200 --> 00:52:14,680
Speaker 2: investing in your real estate and now you build it

1174
00:52:14,760 --> 00:52:17,320
Speaker 2: up to a five ten dollars portfolio and your personal

1175
00:52:17,440 --> 00:52:19,520
Speaker 2: dress is all out there. You don't want that, you

1176
00:52:19,560 --> 00:52:21,360
Speaker 2: know what I mean? So keep everything separate. Use a

1177
00:52:21,440 --> 00:52:24,920
Speaker 2: virtual office, and I guess it's very cheap. We use

1178
00:52:24,920 --> 00:52:27,600
Speaker 2: one because I work from home. Fifty dollars a month

1179
00:52:27,640 --> 00:52:28,120
Speaker 2: and that's it.

1180
00:52:28,360 --> 00:52:31,040
Speaker 5: You also said, uh, register at four to one one.

1181
00:52:31,200 --> 00:52:31,439
Speaker 4: Yep.

1182
00:52:31,960 --> 00:52:33,719
Speaker 5: I was like, huh, last time irried about that was

1183
00:52:33,760 --> 00:52:35,000
Speaker 5: Mary Jack. Yep, you telling me what?

1184
00:52:35,200 --> 00:52:37,839
Speaker 2: So four one one is? You know, like the White

1185
00:52:37,840 --> 00:52:40,880
Speaker 2: Pages online where they pretty much house businesses in their

1186
00:52:40,920 --> 00:52:43,480
Speaker 2: list businesses. You could list yourself for free, and I

1187
00:52:43,520 --> 00:52:46,080
Speaker 2: actually think the website is called list Yourself for Free

1188
00:52:46,120 --> 00:52:49,920
Speaker 2: dot com or just Google four one one listing. But

1189
00:52:49,960 --> 00:52:52,839
Speaker 2: you need a business number for that. Okay, you need

1190
00:52:52,840 --> 00:52:54,719
Speaker 2: a business owner. You can't use your cell phone for that.

1191
00:52:54,840 --> 00:52:55,920
Speaker 5: Is that the ring Central thing?

1192
00:52:56,040 --> 00:52:59,440
Speaker 2: Yep? We tell people use ring Central, you know, instead

1193
00:52:59,480 --> 00:53:02,600
Speaker 2: of using yourself phone and getting another Sprint account on

1194
00:53:02,600 --> 00:53:05,200
Speaker 2: another Verizon and having two phones, all you got to

1195
00:53:05,200 --> 00:53:07,719
Speaker 2: do is get ring Central for your business and it

1196
00:53:08,320 --> 00:53:11,840
Speaker 2: gets registered like a true business number. So the biggest

1197
00:53:11,880 --> 00:53:15,600
Speaker 2: thing about business credit is building credibility. Right, So imagine

1198
00:53:15,600 --> 00:53:17,920
Speaker 2: if you're a pizzeria and you have your home address

1199
00:53:18,160 --> 00:53:20,440
Speaker 2: and a cell phone as the main number, are you

1200
00:53:20,480 --> 00:53:22,080
Speaker 2: going to have credibility there if somebody can lend you

1201
00:53:22,120 --> 00:53:24,200
Speaker 2: money to like, oh, this guylands a pizzeria, but you

1202
00:53:24,200 --> 00:53:26,000
Speaker 2: know what I mean. So this think of the same

1203
00:53:26,040 --> 00:53:28,439
Speaker 2: thing with you trying to get an American Express credit card.

1204
00:53:29,160 --> 00:53:32,200
Speaker 2: If you're an American Express and somebody has their home

1205
00:53:32,200 --> 00:53:35,240
Speaker 2: address for everything and their personal sale, their personal email,

1206
00:53:35,480 --> 00:53:37,160
Speaker 2: it's all about credibility. They're like, I don't want to

1207
00:53:37,160 --> 00:53:38,920
Speaker 2: take a risk. I don't care if they have an

1208
00:53:38,920 --> 00:53:40,960
Speaker 2: eight hundred credit score they're using their house for it,

1209
00:53:41,000 --> 00:53:43,640
Speaker 2: then they're not a legit business. And I have a

1210
00:53:43,680 --> 00:53:46,279
Speaker 2: cousin that works at Chase and she says, all the

1211
00:53:46,320 --> 00:53:49,440
Speaker 2: time people apply with their house and with a PO box,

1212
00:53:49,920 --> 00:53:51,560
Speaker 2: and that gets them decline off the rip because it's

1213
00:53:51,600 --> 00:53:54,040
Speaker 2: a risk. It's a risk factor. So don't use a

1214
00:53:54,040 --> 00:53:56,880
Speaker 2: home address, don't use a PO box, don't use a

1215
00:53:56,960 --> 00:54:01,040
Speaker 2: USPS PO box. Use a home a business addressed, and

1216
00:54:01,120 --> 00:54:04,440
Speaker 2: a business phone number like Ring Central, Vondage. Don't use

1217
00:54:04,440 --> 00:54:06,840
Speaker 2: Google Voice, you know what I mean. Because these companies

1218
00:54:06,880 --> 00:54:08,879
Speaker 2: catch on to it. They know if it's a true

1219
00:54:08,920 --> 00:54:09,799
Speaker 2: business number or not.

1220
00:54:10,200 --> 00:54:10,640
Speaker 4: You know what I mean.

1221
00:54:10,640 --> 00:54:12,080
Speaker 2: And that's why you want to use it, Because it's

1222
00:54:12,080 --> 00:54:15,120
Speaker 2: really just building credibility. So now when that company looks

1223
00:54:15,200 --> 00:54:17,520
Speaker 2: up your business, they see you're on four O one,

1224
00:54:17,719 --> 00:54:20,160
Speaker 2: you have done a Bradstreet. You have this. You look

1225
00:54:20,200 --> 00:54:22,680
Speaker 2: like a real business. Doesn't matter. You might have zero

1226
00:54:23,040 --> 00:54:25,640
Speaker 2: thousand revenue, but when they google you, you look like a

1227
00:54:25,640 --> 00:54:26,280
Speaker 2: big corporation.

1228
00:54:26,600 --> 00:54:27,200
Speaker 5: You look the part.

1229
00:54:27,440 --> 00:54:27,680
Speaker 2: Right.

1230
00:54:28,200 --> 00:54:32,200
Speaker 4: We talked about a miss business shops leasing a car

1231
00:54:32,320 --> 00:54:34,560
Speaker 4: or buying a car in your company name, but a

1232
00:54:34,600 --> 00:54:36,000
Speaker 4: lot of people don't know you can actually do the

1233
00:54:36,000 --> 00:54:38,160
Speaker 4: same thing with like housing, like an apartment, You can

1234
00:54:38,200 --> 00:54:39,520
Speaker 4: get an apartment in a company name too.

1235
00:54:39,680 --> 00:54:39,839
Speaker 2: Yep.

1236
00:54:40,400 --> 00:54:43,960
Speaker 4: And it's the same like a formal application, right, correct

1237
00:54:43,960 --> 00:54:46,799
Speaker 4: me if I'm wrong, But you fill out your you're

1238
00:54:46,840 --> 00:54:51,160
Speaker 4: done in Bradstreet number, you're done's number, and it's just

1239
00:54:51,239 --> 00:54:52,880
Speaker 4: like the say, like you can put it in the

1240
00:54:52,960 --> 00:54:53,520
Speaker 4: company name.

1241
00:54:53,680 --> 00:54:55,040
Speaker 2: Right, So when you put in the company name, a

1242
00:54:55,040 --> 00:54:57,759
Speaker 2: lot of the times depending on what you're doing, like

1243
00:54:57,840 --> 00:55:00,279
Speaker 2: if you're buying and holding the obviously the and he's

1244
00:55:00,280 --> 00:55:02,040
Speaker 2: gonna do that. But like if you're doing it to

1245
00:55:02,160 --> 00:55:04,680
Speaker 2: like do a rental property, you just kind of like

1246
00:55:04,760 --> 00:55:07,359
Speaker 2: replicate the process. You can put it in the business name.

1247
00:55:07,840 --> 00:55:11,600
Speaker 2: And now when when it comes to you having a property,

1248
00:55:11,640 --> 00:55:14,000
Speaker 2: it's not on your personal credit, and that's the trick.

1249
00:55:14,320 --> 00:55:16,560
Speaker 2: Like I have a friend of mine he's topped out.

1250
00:55:16,600 --> 00:55:20,040
Speaker 2: He has ten houses on his personal credit. Nobody will

1251
00:55:20,120 --> 00:55:22,480
Speaker 2: touch them because he put all the houses in his

1252
00:55:22,560 --> 00:55:25,200
Speaker 2: personal credit. Instead, he should have opened up an LLC

1253
00:55:25,360 --> 00:55:27,400
Speaker 2: for each one one to three Main Street, you know,

1254
00:55:27,560 --> 00:55:30,799
Speaker 2: two forty five Main Street and put those business though

1255
00:55:30,880 --> 00:55:35,360
Speaker 2: houses on there through the LLC instead of putting it

1256
00:55:35,440 --> 00:55:36,120
Speaker 2: on his personal credit.

1257
00:55:36,239 --> 00:55:37,680
Speaker 4: You think you should have a put you should have

1258
00:55:37,680 --> 00:55:40,000
Speaker 4: a buy a house and personal name, even if it's

1259
00:55:40,000 --> 00:55:41,520
Speaker 4: your personal house, because some people say you should never

1260
00:55:41,520 --> 00:55:42,360
Speaker 4: buy a house in personally.

1261
00:55:42,400 --> 00:55:42,640
Speaker 5: I know.

1262
00:55:42,800 --> 00:55:44,719
Speaker 2: I wish I would have known that trick a long

1263
00:55:44,760 --> 00:55:46,480
Speaker 2: time ago, and that's what I'm in the process of

1264
00:55:46,520 --> 00:55:48,880
Speaker 2: doing too. I guess it just depends, like if you

1265
00:55:48,920 --> 00:55:50,600
Speaker 2: don't ever plan on it. Some people just like don't

1266
00:55:50,600 --> 00:55:52,080
Speaker 2: want to be a real estate investors. They're like, yo,

1267
00:55:52,120 --> 00:55:53,600
Speaker 2: I don't want to do it, Like I just want

1268
00:55:53,640 --> 00:55:56,160
Speaker 2: to buy my house, live, work, nine to five and

1269
00:55:56,160 --> 00:55:57,759
Speaker 2: that's it, you know what I mean. But if you're

1270
00:55:57,800 --> 00:55:59,680
Speaker 2: really trying to get into the real estate game, then no,

1271
00:55:59,680 --> 00:56:02,080
Speaker 2: you don't have to. But I know people that still

1272
00:56:02,120 --> 00:56:03,839
Speaker 2: do even though they are in their real estate game.

1273
00:56:04,000 --> 00:56:05,560
Speaker 2: So it really just depends that that's the route that

1274
00:56:05,600 --> 00:56:07,080
Speaker 2: you want to take, because then you got to like

1275
00:56:07,120 --> 00:56:08,960
Speaker 2: create a least agreement, you got at least to yourself.

1276
00:56:09,200 --> 00:56:10,960
Speaker 2: You know, there's a lot of things that come in

1277
00:56:11,000 --> 00:56:11,480
Speaker 2: with that too.

1278
00:56:12,040 --> 00:56:13,880
Speaker 4: I mean, I had a question about the personal side

1279
00:56:15,040 --> 00:56:20,000
Speaker 4: student loan. That's a big, big thing. So are any tips,

1280
00:56:20,000 --> 00:56:22,640
Speaker 4: any hacks yep, to help people that might have made

1281
00:56:22,719 --> 00:56:26,320
Speaker 4: some you know, late payments or whatever and it's affected

1282
00:56:26,360 --> 00:56:28,680
Speaker 4: their credit do a loan situation. Yeah.

1283
00:56:28,719 --> 00:56:31,280
Speaker 2: So student loans is a website. It's called student Loans

1284
00:56:31,680 --> 00:56:35,120
Speaker 2: dot gov dot gov. And you notice a lot of

1285
00:56:35,120 --> 00:56:36,760
Speaker 2: things I'm saying, I'm telling you can do for free

1286
00:56:37,040 --> 00:56:38,319
Speaker 2: because a lot of things out there you can still

1287
00:56:38,360 --> 00:56:40,960
Speaker 2: do for free, you know what I mean. So student

1288
00:56:41,080 --> 00:56:44,960
Speaker 2: Loans dot Gov allows you to take your student loans

1289
00:56:45,480 --> 00:56:48,040
Speaker 2: and refinance them into one. So you saw Max posted that.

1290
00:56:48,120 --> 00:56:50,400
Speaker 2: He said, IBr it's an income based rate.

1291
00:56:50,960 --> 00:56:51,040
Speaker 5: Right.

1292
00:56:51,200 --> 00:56:53,640
Speaker 2: So what a lot of people do is they graduate

1293
00:56:53,719 --> 00:56:57,239
Speaker 2: high school, they graduate college. They have once one. I

1294
00:56:57,280 --> 00:56:58,880
Speaker 2: never went to college, so correct me if I'm wrong.

1295
00:56:58,920 --> 00:57:01,279
Speaker 2: I'm not sure, go online, you know what I mean.

1296
00:57:01,480 --> 00:57:04,160
Speaker 2: So it's like you have each semester, you get a

1297
00:57:04,160 --> 00:57:07,319
Speaker 2: student loan. So even though when you graduate you're making

1298
00:57:07,400 --> 00:57:11,799
Speaker 2: one payment, you have ten loans, fifteen loans sometimes, you

1299
00:57:11,800 --> 00:57:14,279
Speaker 2: know what I mean. So, if you are looking to

1300
00:57:15,000 --> 00:57:19,040
Speaker 2: better your credit by having student loans in default because

1301
00:57:19,080 --> 00:57:21,480
Speaker 2: you had too many student loans at one time and

1302
00:57:21,520 --> 00:57:23,880
Speaker 2: now you just couldn't keep up with the payments, student

1303
00:57:23,920 --> 00:57:26,760
Speaker 2: loans dot gov allows you to refinance and consolidate your

1304
00:57:26,760 --> 00:57:29,160
Speaker 2: student loans, get it out of bad standing, put it

1305
00:57:29,200 --> 00:57:31,200
Speaker 2: in good standing, and now that's going to help raise

1306
00:57:31,240 --> 00:57:33,960
Speaker 2: your credit score because now you have an on time

1307
00:57:34,000 --> 00:57:36,440
Speaker 2: payment with your student loans. And now that you know,

1308
00:57:36,440 --> 00:57:38,640
Speaker 2: when you fill your TAXI turns, they're not taking your money,

1309
00:57:38,880 --> 00:57:40,520
Speaker 2: you know what I mean. And it's just good standing.

1310
00:57:40,600 --> 00:57:43,640
Speaker 2: So IBr is when they're putting it based off of

1311
00:57:43,680 --> 00:57:46,520
Speaker 2: your income. A lot of people when they graduate college,

1312
00:57:46,560 --> 00:57:49,160
Speaker 2: they go, what's going on a standard payment plan? And

1313
00:57:49,200 --> 00:57:52,280
Speaker 2: that's not good because you can be paying seven hundreds

1314
00:57:52,320 --> 00:57:52,640
Speaker 2: a month.

1315
00:57:52,800 --> 00:57:54,040
Speaker 3: Well, I was seen some one of my friends is

1316
00:57:54,040 --> 00:57:56,120
Speaker 3: playing twelve hundred right, and so now so she's like, yo,

1317
00:57:56,520 --> 00:57:58,600
Speaker 3: that's rent or a student loan, right.

1318
00:57:58,880 --> 00:58:01,280
Speaker 2: You know what I mean? And people look at it like, yo,

1319
00:58:01,440 --> 00:58:04,480
Speaker 2: I graduated college I'm only making twenty five thirty thousand

1320
00:58:04,520 --> 00:58:06,480
Speaker 2: dollars a year, but my student loans at X y

1321
00:58:06,640 --> 00:58:09,120
Speaker 2: z a month, I can't afford it. So the natural

1322
00:58:09,200 --> 00:58:12,160
Speaker 2: they like, I'm not paying it. So instead of doing that,

1323
00:58:12,840 --> 00:58:15,200
Speaker 2: what you want to do is you can refinance it

1324
00:58:15,320 --> 00:58:18,200
Speaker 2: right away, consolidate it and put all those loans into one.

1325
00:58:18,760 --> 00:58:21,200
Speaker 2: Protect your credit because now if it goes off of

1326
00:58:21,280 --> 00:58:23,760
Speaker 2: your income, they can see, okay, well this person's not

1327
00:58:23,840 --> 00:58:27,040
Speaker 2: making enough money to suffice it based off of their income.

1328
00:58:27,080 --> 00:58:28,960
Speaker 2: They're going to put you out a zero payment. Now

1329
00:58:29,080 --> 00:58:31,320
Speaker 2: you're protecting your credit. And all you got to do

1330
00:58:31,400 --> 00:58:33,360
Speaker 2: is every year show your taxi turn and they keep

1331
00:58:33,360 --> 00:58:34,800
Speaker 2: you at that zero gallopement.

1332
00:58:35,240 --> 00:58:36,320
Speaker 5: Income based repayment.

1333
00:58:36,400 --> 00:58:39,240
Speaker 2: Yep, well about that, you know what I mean. So

1334
00:58:39,320 --> 00:58:41,680
Speaker 2: it's good because now when you're going to buy a house,

1335
00:58:42,440 --> 00:58:44,520
Speaker 2: your credit is not dinged up from your student loans,

1336
00:58:44,840 --> 00:58:46,600
Speaker 2: you know what I mean. And the last thing on

1337
00:58:46,640 --> 00:58:49,120
Speaker 2: that is is there's something if you're in default. So

1338
00:58:49,160 --> 00:58:51,720
Speaker 2: there's there's you know, you have student loans in good standing,

1339
00:58:52,040 --> 00:58:55,440
Speaker 2: in collections and default. So if you're in default, you

1340
00:58:55,480 --> 00:58:58,120
Speaker 2: can't consolidate because you've messed it up too much. You

1341
00:58:58,120 --> 00:59:00,040
Speaker 2: went too long without paying. You have to do it

1342
00:59:00,120 --> 00:59:03,200
Speaker 2: called the rehabilitation program for nine months where you pay

1343
00:59:03,200 --> 00:59:05,760
Speaker 2: at least like five to ten thousand a month, and

1344
00:59:06,000 --> 00:59:08,320
Speaker 2: then you get out of that negative standing. Then you

1345
00:59:08,360 --> 00:59:10,720
Speaker 2: can consolidate. But the great thing is once you do rehab,

1346
00:59:10,920 --> 00:59:13,760
Speaker 2: they automatically delete all that negative all the negative state

1347
00:59:13,760 --> 00:59:14,800
Speaker 2: the loan from your caredit soon.

1348
00:59:14,800 --> 00:59:17,240
Speaker 5: Loan is tricky. You got private, you got federal. It's tricky.

1349
00:59:17,240 --> 00:59:17,720
Speaker 4: It's crazy.

1350
00:59:17,800 --> 00:59:20,000
Speaker 3: I got a question about on the personal side as well.

1351
00:59:20,240 --> 00:59:21,920
Speaker 3: Is it ever a good time to close a card?

1352
00:59:22,400 --> 00:59:22,680
Speaker 2: Yes?

1353
00:59:23,240 --> 00:59:24,160
Speaker 5: Wait, because most.

1354
00:59:24,080 --> 00:59:26,200
Speaker 3: Times, yeah, most sounds we hear like yo, don't close

1355
00:59:26,240 --> 00:59:28,360
Speaker 3: the card. It's going to affect you negatively. And so

1356
00:59:28,480 --> 00:59:31,240
Speaker 3: people even though they you know, like they've probably charged

1357
00:59:31,240 --> 00:59:32,560
Speaker 3: it up and paid it down to a point that

1358
00:59:32,680 --> 00:59:34,560
Speaker 3: like I'm done with this, I want to close it.

1359
00:59:34,600 --> 00:59:35,520
Speaker 3: And the advice is.

1360
00:59:35,560 --> 00:59:37,560
Speaker 5: Don't close the card because you need to have open

1361
00:59:37,560 --> 00:59:38,080
Speaker 5: credit YEP.

1362
00:59:38,120 --> 00:59:40,440
Speaker 2: So it depends on what type of card it is.

1363
00:59:40,720 --> 00:59:43,400
Speaker 2: If you have an American Express card, don't close Chase.

1364
00:59:43,760 --> 00:59:46,400
Speaker 2: You know, a good credit card, don't close it even

1365
00:59:46,440 --> 00:59:50,600
Speaker 2: if there's an annual fee, because you're getting the rewards

1366
00:59:50,640 --> 00:59:52,560
Speaker 2: and it makes sense to have a Chase, Bank of

1367
00:59:52,600 --> 00:59:55,960
Speaker 2: America P and C those type credit cards. The only

1368
00:59:56,000 --> 00:59:58,200
Speaker 2: time I advise people to close a card is if

1369
00:59:58,240 --> 01:00:03,040
Speaker 2: it's those like First Premiere Credit One, Milestone CB, Indigo.

1370
01:00:03,160 --> 01:00:04,200
Speaker 2: Have you seen those cards?

1371
01:00:04,360 --> 01:00:04,400
Speaker 7: No?

1372
01:00:05,160 --> 01:00:07,640
Speaker 2: So these credit cards are like those credit cards where

1373
01:00:07,840 --> 01:00:09,600
Speaker 2: when you were in college or like when you're just

1374
01:00:09,640 --> 01:00:11,360
Speaker 2: getting out the ones that I applied for when I

1375
01:00:11,360 --> 01:00:13,720
Speaker 2: went to the Marines. They give you pretty much a

1376
01:00:13,720 --> 01:00:16,360
Speaker 2: two or three hundred dollars limit off the jump. You

1377
01:00:16,360 --> 01:00:19,320
Speaker 2: don't got to put nothing down. But then when you

1378
01:00:19,320 --> 01:00:22,360
Speaker 2: get the card, they add a seventy five dollars annual

1379
01:00:22,400 --> 01:00:25,480
Speaker 2: feed right to the card. Right the interest rates like

1380
01:00:25,520 --> 01:00:28,120
Speaker 2: thirty percent? You know, it's like twenty seven percent, right,

1381
01:00:28,160 --> 01:00:31,080
Speaker 2: So now you get the card, you're like, man, I

1382
01:00:31,080 --> 01:00:33,760
Speaker 2: got two twenty five available, so you're gonna rack it up.

1383
01:00:34,720 --> 01:00:36,000
Speaker 2: And then the thing is, even if you have a

1384
01:00:36,080 --> 01:00:38,280
Speaker 2: zero balance. The reason why I suggest to close these

1385
01:00:38,280 --> 01:00:40,520
Speaker 2: cards is because they charge you about eight twenty five

1386
01:00:40,560 --> 01:00:43,640
Speaker 2: a month to just have the card. And it's a

1387
01:00:43,680 --> 01:00:46,120
Speaker 2: subprime card. So why are you going to have a

1388
01:00:46,120 --> 01:00:49,440
Speaker 2: card that has high interest on it and its charging

1389
01:00:49,480 --> 01:00:52,080
Speaker 2: you every single month to just keep the card open.

1390
01:00:52,240 --> 01:00:53,800
Speaker 2: And then when you want to call to make it payment,

1391
01:00:53,800 --> 01:00:55,640
Speaker 2: They're going to charge you another ten dollars. So it's

1392
01:00:55,680 --> 01:00:57,840
Speaker 2: like those credit cards are credit cards that are going

1393
01:00:57,880 --> 01:01:00,560
Speaker 2: to put you in a hole. And the clients that

1394
01:01:00,600 --> 01:01:03,800
Speaker 2: come to us a lot, they have first premier charge offs,

1395
01:01:03,960 --> 01:01:06,760
Speaker 2: credit one charge offs, you know, c B Indigo, those

1396
01:01:07,040 --> 01:01:10,200
Speaker 2: really bad high interest credit cards. So we tell clients

1397
01:01:10,200 --> 01:01:12,040
Speaker 2: if you have them, pay it down and close them.

1398
01:01:12,200 --> 01:01:14,440
Speaker 2: So it's never like really like yes and no, it's like,

1399
01:01:14,520 --> 01:01:15,720
Speaker 2: let me break it down why.

1400
01:01:15,880 --> 01:01:16,320
Speaker 5: It makes sense?

1401
01:01:16,400 --> 01:01:19,040
Speaker 4: Mean, there is there any tips for like people like

1402
01:01:19,080 --> 01:01:21,160
Speaker 4: that's looking to increase their credit limit. It might have

1403
01:01:21,160 --> 01:01:23,920
Speaker 4: a hard even if they have like good credit. Sometimes

1404
01:01:23,920 --> 01:01:25,600
Speaker 4: credit card companies be like, nah, you're good.

1405
01:01:26,000 --> 01:01:28,480
Speaker 2: So one of the reasons why a lot of companies

1406
01:01:28,480 --> 01:01:30,880
Speaker 2: that decline you even though you have good credit, you

1407
01:01:30,920 --> 01:01:33,760
Speaker 2: have high balances, okay, and you might have a lot

1408
01:01:33,760 --> 01:01:35,919
Speaker 2: of inquiries. The good thing about increaes they fall off

1409
01:01:36,160 --> 01:01:38,560
Speaker 2: after two years, but they only affect your credit for

1410
01:01:38,600 --> 01:01:41,760
Speaker 2: twelve months. So if you're in that predicament, just wait,

1411
01:01:42,560 --> 01:01:46,080
Speaker 2: just wait it out. Make sure your balances are under

1412
01:01:46,120 --> 01:01:46,720
Speaker 2: ten percent.

1413
01:01:46,840 --> 01:01:48,720
Speaker 4: Yeah, talk about that, because most people say thirty, you

1414
01:01:48,760 --> 01:01:49,480
Speaker 4: say ten. Ten.

1415
01:01:49,560 --> 01:01:51,600
Speaker 2: The reason why I say ten is because thirty years

1416
01:01:51,680 --> 01:01:54,520
Speaker 2: you'll be look at a six eighty seven hundred ten percent,

1417
01:01:54,560 --> 01:01:57,600
Speaker 2: you'll be over seven to twenty one percent. You'll be

1418
01:01:57,680 --> 01:01:59,640
Speaker 2: like him, you know what I mean, they'll get that

1419
01:01:59,640 --> 01:02:01,560
Speaker 2: close to eight hundred, you know what I mean. So

1420
01:02:01,600 --> 01:02:03,760
Speaker 2: it's like, that's where you want to keep it, youtobe,

1421
01:02:04,680 --> 01:02:07,800
Speaker 2: you know what I mean. I joined that's where you

1422
01:02:07,840 --> 01:02:11,240
Speaker 2: want to keep it, because yeah, I'm not I'm not

1423
01:02:11,280 --> 01:02:13,240
Speaker 2: in this. You know, I'm gonna get there one day.

1424
01:02:14,800 --> 01:02:16,520
Speaker 2: I'm at like seven eighty, you know what I mean.

1425
01:02:16,800 --> 01:02:18,760
Speaker 2: My thing is I didn't have a lot of I

1426
01:02:18,760 --> 01:02:23,439
Speaker 2: don't have that long history because everything was on my own,

1427
01:02:23,560 --> 01:02:24,640
Speaker 2: you know what I mean. I messed up my credit

1428
01:02:24,720 --> 01:02:27,600
Speaker 2: two or three times, file bankruptcy in like twenty thirteen,

1429
01:02:27,880 --> 01:02:30,640
Speaker 2: So it was like a lot of that stuff affected me.

1430
01:02:30,760 --> 01:02:33,040
Speaker 2: Why did I start from scratch? You know what I mean?

1431
01:02:33,200 --> 01:02:35,120
Speaker 3: I got caught into a scheme where I was actually

1432
01:02:35,120 --> 01:02:38,240
Speaker 3: listening to ninety seven, you know, like those credit repair things.

1433
01:02:38,480 --> 01:02:39,240
Speaker 5: I called the number.

1434
01:02:39,280 --> 01:02:40,840
Speaker 3: I'm like, YO, I need some help, and they were like, YO,

1435
01:02:40,960 --> 01:02:44,320
Speaker 3: pay this mount pay this amount for like two years

1436
01:02:44,520 --> 01:02:45,600
Speaker 3: and we'll wait everything.

1437
01:02:45,840 --> 01:02:48,960
Speaker 5: And it was like I'm like, should.

1438
01:02:48,680 --> 01:02:51,560
Speaker 3: I trust it should I trust it. And they consolidated everything.

1439
01:02:51,560 --> 01:02:52,760
Speaker 3: It was like a real thing. And I was like,

1440
01:02:52,760 --> 01:02:54,880
Speaker 3: all right, bet and I did it, and I was

1441
01:02:54,880 --> 01:02:57,560
Speaker 3: like my credit got killed, right, But long term.

1442
01:02:57,360 --> 01:02:59,760
Speaker 2: Obviously like that, that's like that settlement. That manager was

1443
01:03:00,080 --> 01:03:03,160
Speaker 2: one of those the consolidation things change your life.

1444
01:03:04,560 --> 01:03:06,640
Speaker 4: You also said, never never signed alone.

1445
01:03:07,360 --> 01:03:10,480
Speaker 2: Never notter unless it's it's it's your wife that you've

1446
01:03:10,480 --> 01:03:12,440
Speaker 2: been with or your husband for a little bit.

1447
01:03:12,760 --> 01:03:13,920
Speaker 4: You just can't trust anybody.

1448
01:03:14,040 --> 01:03:15,200
Speaker 2: And it's like that's the thing.

1449
01:03:15,240 --> 01:03:15,400
Speaker 4: Man.

1450
01:03:15,400 --> 01:03:17,400
Speaker 2: You can trust people to marry them, you can trust

1451
01:03:17,440 --> 01:03:20,160
Speaker 2: people to do whatever. But one of the biggest things

1452
01:03:20,160 --> 01:03:23,160
Speaker 2: that we see with credit is, yo, my girl left me.

1453
01:03:23,240 --> 01:03:25,320
Speaker 2: My husband left me. He h them my husband didn't.

1454
01:03:26,280 --> 01:03:29,560
Speaker 2: So unless like unless, I say, unless, you're crazy. Like

1455
01:03:29,600 --> 01:03:31,600
Speaker 2: my wife, my wife CO signed for me when we

1456
01:03:31,600 --> 01:03:33,520
Speaker 2: were dating for like a year and a half, loved you,

1457
01:03:33,600 --> 01:03:37,120
Speaker 2: she loved me. Thank god, I never screwed my wife

1458
01:03:37,160 --> 01:03:38,680
Speaker 2: over when it comes to that, and I say she's

1459
01:03:38,720 --> 01:03:41,080
Speaker 2: crazy because a lot of people don't do that. They

1460
01:03:41,120 --> 01:03:42,880
Speaker 2: just they would be like, like, she should have left

1461
01:03:42,880 --> 01:03:44,760
Speaker 2: me at that point. Like when I say CO signed

1462
01:03:44,760 --> 01:03:46,640
Speaker 2: about a year in she should be like, yeah, I'm out,

1463
01:03:46,920 --> 01:03:47,320
Speaker 2: you know what I mean.

1464
01:03:48,440 --> 01:03:50,440
Speaker 4: Yeah, if anybody asked me for a co sign, So

1465
01:03:50,800 --> 01:03:51,400
Speaker 4: you're good.

1466
01:03:54,600 --> 01:03:58,000
Speaker 2: Sign for children to know, because if you teach your

1467
01:03:58,040 --> 01:03:59,880
Speaker 2: kids to have the good credit early, you.

1468
01:03:59,800 --> 01:04:01,760
Speaker 4: Don't you never have to. That was the thing when

1469
01:04:01,800 --> 01:04:03,720
Speaker 4: you said with the sixteen, I don't want people that

1470
01:04:03,760 --> 01:04:06,160
Speaker 4: go over people's head, like in two years you can

1471
01:04:06,200 --> 01:04:09,680
Speaker 4: get your child's credit to seven one hundred or better. Yep,

1472
01:04:10,640 --> 01:04:12,439
Speaker 4: and now they don't need a coach. The only reason

1473
01:04:12,440 --> 01:04:14,720
Speaker 4: why people need a coast on this is extremely important

1474
01:04:14,720 --> 01:04:17,320
Speaker 4: because it's like growing up in middle class, working class neighborhoods,

1475
01:04:17,360 --> 01:04:20,040
Speaker 4: you know, coming from just you know, not the most

1476
01:04:20,080 --> 01:04:23,760
Speaker 4: fluent financial background. You're thinking like, all right, I got

1477
01:04:23,800 --> 01:04:26,120
Speaker 4: a co sign for my kid. The only reason you

1478
01:04:26,160 --> 01:04:27,560
Speaker 4: got a co sign for your kid is that your

1479
01:04:27,600 --> 01:04:31,080
Speaker 4: kid needs to be on if you build them up properly.

1480
01:04:31,960 --> 01:04:34,920
Speaker 4: Derek Grayce had a great you know him, Derek Grace,

1481
01:04:35,560 --> 01:04:40,600
Speaker 4: Yes three yep. Derek Grayce good, good, good guy. So

1482
01:04:40,920 --> 01:04:43,480
Speaker 4: he he had a dope video and he was it

1483
01:04:43,520 --> 01:04:45,840
Speaker 4: was It made me really just think about life differently.

1484
01:04:45,840 --> 01:04:47,680
Speaker 4: And he was like, you know, his delivery is a

1485
01:04:47,720 --> 01:04:50,640
Speaker 4: little harsher than ours, but he's a friend of the program,

1486
01:04:50,840 --> 01:04:53,040
Speaker 4: but the thing he said was true. He was like,

1487
01:04:53,320 --> 01:04:56,080
Speaker 4: if you're relying on your kid to get a summer

1488
01:04:56,240 --> 01:04:59,680
Speaker 4: job when they're sixteen and then take out student loans,

1489
01:04:59,720 --> 01:05:02,680
Speaker 4: like you didn't do something correct. And I never really

1490
01:05:02,680 --> 01:05:04,080
Speaker 4: thought about it like that because I'm like, you know,

1491
01:05:04,120 --> 01:05:05,920
Speaker 4: you always think like you got to get a job.

1492
01:05:05,960 --> 01:05:07,520
Speaker 4: But he's like his thing is like you got to

1493
01:05:07,560 --> 01:05:09,560
Speaker 4: build the business and then hire your child and then

1494
01:05:09,600 --> 01:05:12,520
Speaker 4: all of the different things. And I'm like, that's really

1495
01:05:12,520 --> 01:05:14,400
Speaker 4: true if you really think about it, like I'm saying,

1496
01:05:14,440 --> 01:05:17,200
Speaker 4: like what we're doing now is like it would be

1497
01:05:17,240 --> 01:05:19,200
Speaker 4: a disservice if I'm doing all of this and then

1498
01:05:19,360 --> 01:05:22,840
Speaker 4: telling my son when he's sixteen, Yo, you gotta you

1499
01:05:22,840 --> 01:05:24,280
Speaker 4: know what I'm saying, figure it out and get a

1500
01:05:24,360 --> 01:05:26,800
Speaker 4: job and figure it out on your own, right, Like

1501
01:05:26,920 --> 01:05:29,640
Speaker 4: what's the point of me doing all this? And I

1502
01:05:29,680 --> 01:05:31,480
Speaker 4: never thought about it like that until he said it,

1503
01:05:31,480 --> 01:05:33,240
Speaker 4: and I'm like, that's actually true, and it's the same

1504
01:05:33,240 --> 01:05:35,360
Speaker 4: thing what you said. It's like we're just so used

1505
01:05:35,400 --> 01:05:37,600
Speaker 4: to like, Okay, I'm gonna have to co sign for

1506
01:05:37,640 --> 01:05:39,560
Speaker 4: my kid because I'm gonna have to help, but now

1507
01:05:39,560 --> 01:05:41,720
Speaker 4: I should help them before that. And if you think

1508
01:05:41,760 --> 01:05:43,560
Speaker 4: about in the grand scheme of things, only two. Yeah,

1509
01:05:43,560 --> 01:05:44,800
Speaker 4: the only thing you got to do is just put

1510
01:05:44,840 --> 01:05:46,840
Speaker 4: them on and just make the payments.

1511
01:05:46,640 --> 01:05:47,040
Speaker 2: That's it.

1512
01:05:47,400 --> 01:05:49,280
Speaker 4: And now they don't need a co sign because they

1513
01:05:49,360 --> 01:05:50,360
Speaker 4: have credit history ready.

1514
01:05:51,120 --> 01:05:55,800
Speaker 2: And what's crazy is is that, you know, with minorities,

1515
01:05:56,080 --> 01:05:58,800
Speaker 2: you know what I mean? And when I posted that

1516
01:05:58,880 --> 01:06:03,000
Speaker 2: thing on Instagram, I posted it on Facebook and I

1517
01:06:03,040 --> 01:06:07,440
Speaker 2: posted on Instagram. What's crazy is that a lot of

1518
01:06:07,480 --> 01:06:11,240
Speaker 2: the Hispanic and Black community didn't know that, but when

1519
01:06:11,240 --> 01:06:15,960
Speaker 2: you look at the white community, they did. So that's

1520
01:06:15,960 --> 01:06:17,800
Speaker 2: why I want to change the game, because it's like,

1521
01:06:18,200 --> 01:06:22,040
Speaker 2: that's great un THEMB. They're teaching their kids that. Once again,

1522
01:06:22,240 --> 01:06:24,200
Speaker 2: at eighteen, I didn't know that. At nineteen, I didn't

1523
01:06:24,200 --> 01:06:26,440
Speaker 2: know that. So that as a community, we got to

1524
01:06:26,440 --> 01:06:29,440
Speaker 2: do better because if we educated, we changed that early,

1525
01:06:29,760 --> 01:06:31,280
Speaker 2: we don't not only do we need the co sign

1526
01:06:31,320 --> 01:06:34,400
Speaker 2: but maybe our kids can help us buy stuff when

1527
01:06:34,440 --> 01:06:36,760
Speaker 2: they're older, you know what I mean. It's like if

1528
01:06:36,800 --> 01:06:39,120
Speaker 2: WICH just changed the generation and change the scope of

1529
01:06:39,200 --> 01:06:42,400
Speaker 2: way that people learn and know about credit, it's going

1530
01:06:42,440 --> 01:06:44,960
Speaker 2: to break the cycle of back credit. And not only

1531
01:06:45,000 --> 01:06:47,760
Speaker 2: will kids not even need co signers, but they're gonna

1532
01:06:47,800 --> 01:06:50,000
Speaker 2: do things that we couldn't do at that age, you

1533
01:06:50,040 --> 01:06:51,600
Speaker 2: know what I mean. And that's the difference is by

1534
01:06:51,640 --> 01:06:53,880
Speaker 2: getting them to that credit level where it's like, not

1535
01:06:53,960 --> 01:06:56,000
Speaker 2: only do they need co signers, but they might not

1536
01:06:56,040 --> 01:06:59,000
Speaker 2: even need to go to the cyclists, graduate high school,

1537
01:06:59,000 --> 01:07:01,760
Speaker 2: go to college, do this. Why not graduate high school

1538
01:07:01,760 --> 01:07:04,160
Speaker 2: with an eight hundred credit score, get into real estate

1539
01:07:04,200 --> 01:07:06,760
Speaker 2: becoming an investor. By the time you're twenty two, you know,

1540
01:07:06,840 --> 01:07:08,760
Speaker 2: you have a big portfolio, and your kids and your

1541
01:07:08,760 --> 01:07:10,040
Speaker 2: friends are just graduate in college.

1542
01:07:10,200 --> 01:07:11,439
Speaker 5: They'll be paying you rooming board.

1543
01:07:11,600 --> 01:07:13,800
Speaker 4: Right, you started looking at life differently, you know, Like

1544
01:07:13,880 --> 01:07:15,920
Speaker 4: I said, I watched that Derek grayce. The first time

1545
01:07:15,920 --> 01:07:17,400
Speaker 4: I watched the clip, it was a little funny, so

1546
01:07:17,440 --> 01:07:19,280
Speaker 4: I was laughing. Then I watched it a few more

1547
01:07:19,320 --> 01:07:21,280
Speaker 4: times and I'm like, you know, he's actually bringing up

1548
01:07:21,280 --> 01:07:23,520
Speaker 4: some good points. And it's like because he was like,

1549
01:07:23,520 --> 01:07:25,040
Speaker 4: like I said, his delivery is a little harsh, but

1550
01:07:25,320 --> 01:07:26,920
Speaker 4: he was telling the people. He was like, he can

1551
01:07:26,960 --> 01:07:29,400
Speaker 4: guarantee his kid to probably be millionaires before most people

1552
01:07:29,400 --> 01:07:31,920
Speaker 4: watching the video. And I'm thinking, like, you know, financial

1553
01:07:31,920 --> 01:07:34,040
Speaker 4: literacy is life or death, because it's like I'm looking

1554
01:07:34,080 --> 01:07:36,160
Speaker 4: at it now, like my son has a legit chance

1555
01:07:36,200 --> 01:07:39,000
Speaker 4: to become a millionaire early, just based off of investments

1556
01:07:39,040 --> 01:07:41,120
Speaker 4: that I'm making early on for him. And I'm like,

1557
01:07:41,160 --> 01:07:42,960
Speaker 4: I'm doing a calculation, like if I put this much

1558
01:07:42,960 --> 01:07:45,640
Speaker 4: money into an account, like by the time he's eighteen,

1559
01:07:45,640 --> 01:07:47,880
Speaker 4: at least twenty five, he could really be a millionaire.

1560
01:07:47,880 --> 01:07:51,040
Speaker 4: And it's like your mindset, like you know what I'm saying,

1561
01:07:51,040 --> 01:07:53,600
Speaker 4: Like you didn't really think about stuff like that never,

1562
01:07:53,720 --> 01:07:54,880
Speaker 4: Like you know what I'm saying. It's like, all right,

1563
01:07:55,280 --> 01:07:57,360
Speaker 4: my kid got to get a good like you said,

1564
01:07:57,400 --> 01:08:00,920
Speaker 4: go to school, get all a's, go to college, get

1565
01:08:00,960 --> 01:08:03,440
Speaker 4: the best paying job you can possibly get. But now

1566
01:08:03,480 --> 01:08:05,400
Speaker 4: it's like, yo, you can actually set your kid up

1567
01:08:05,400 --> 01:08:07,600
Speaker 4: to have eight hundred credit score, have a half a

1568
01:08:07,600 --> 01:08:10,560
Speaker 4: million dollars in a trust, and you know what I'm saying,

1569
01:08:10,560 --> 01:08:12,640
Speaker 4: when he comes out, you got a business for them

1570
01:08:12,640 --> 01:08:14,880
Speaker 4: to work under, and they can you know, do real

1571
01:08:14,960 --> 01:08:16,920
Speaker 4: estate investment, they can invest in stocks. And it's like

1572
01:08:17,800 --> 01:08:21,160
Speaker 4: the old way of thinking, it's just like not even

1573
01:08:21,200 --> 01:08:22,240
Speaker 4: really relevant anymore.

1574
01:08:22,760 --> 01:08:24,840
Speaker 3: Are you sound like the plug? Yeah, you sound like

1575
01:08:24,840 --> 01:08:29,920
Speaker 3: the plug the generational wellshot shot shouts to the family pack.

1576
01:08:30,680 --> 01:08:33,040
Speaker 4: That's a fact. Nah, I mean this is real, like

1577
01:08:33,080 --> 01:08:36,160
Speaker 4: you said, I mean, you know, Spanish community, Black community.

1578
01:08:36,960 --> 01:08:40,760
Speaker 4: For a long time, just it wasn't even thought now

1579
01:08:41,120 --> 01:08:42,479
Speaker 4: it wasn't. And that's what That's one of the great

1580
01:08:42,520 --> 01:08:44,920
Speaker 4: things I love about, Like Instagram's whole financial literacy movement.

1581
01:08:45,000 --> 01:08:49,320
Speaker 4: It's like it's making people aware and it's opening people's minds,

1582
01:08:49,320 --> 01:08:51,360
Speaker 4: and it's like people that I would have never thought

1583
01:08:51,479 --> 01:08:54,599
Speaker 4: was interested in stocks is like you know, switeten and

1584
01:08:54,640 --> 01:08:57,559
Speaker 4: instagramming about stock picks and like looking at their credit

1585
01:08:57,600 --> 01:08:59,640
Speaker 4: score and trying to figure out how they can get

1586
01:08:59,680 --> 01:09:01,240
Speaker 4: their first home this time.

1587
01:09:01,280 --> 01:09:01,479
Speaker 5: Man.

1588
01:09:01,760 --> 01:09:03,920
Speaker 4: You know, it's just how do you feel like when

1589
01:09:03,920 --> 01:09:06,200
Speaker 4: you go on the road, Like obviously that's putfore Corona,

1590
01:09:06,280 --> 01:09:08,320
Speaker 4: but like, how has it been for you to actually

1591
01:09:08,320 --> 01:09:10,599
Speaker 4: touch Because when y'all seminars be like thousands of people,

1592
01:09:11,000 --> 01:09:14,800
Speaker 4: like two thousand and three thousand people, So how how

1593
01:09:14,920 --> 01:09:17,360
Speaker 4: is it for you to actually it's like a it's

1594
01:09:17,400 --> 01:09:20,400
Speaker 4: like a rapper like performing for like three thousand people,

1595
01:09:20,479 --> 01:09:22,679
Speaker 4: like and then get feedback and hundreds of people coming

1596
01:09:22,760 --> 01:09:25,800
Speaker 4: up to you asking questions like how has that been

1597
01:09:25,840 --> 01:09:26,040
Speaker 4: for you?

1598
01:09:26,640 --> 01:09:30,479
Speaker 2: It was, Uh, it was it was little like let

1599
01:09:30,479 --> 01:09:31,880
Speaker 2: me see how I can put this, It was like

1600
01:09:32,439 --> 01:09:34,680
Speaker 2: why me? At first, you know what I mean, it

1601
01:09:34,720 --> 01:09:37,760
Speaker 2: was like I was nervous. But then I was like, man,

1602
01:09:37,840 --> 01:09:40,760
Speaker 2: like is this real life? Like is are these people

1603
01:09:41,000 --> 01:09:43,880
Speaker 2: really listening to me? Like so whatever I say, They're

1604
01:09:43,880 --> 01:09:47,400
Speaker 2: gonna do and listen. So it was like it gave

1605
01:09:47,439 --> 01:09:49,080
Speaker 2: me that purpose again. Remember what I said. I was

1606
01:09:49,080 --> 01:09:50,559
Speaker 2: in my basement. I didn't know what I wanted to do,

1607
01:09:50,640 --> 01:09:52,920
Speaker 2: and I was like, so me being on the road

1608
01:09:53,000 --> 01:09:56,160
Speaker 2: is like little boy from Jersey. Now I'm in Florida,

1609
01:09:56,160 --> 01:09:58,439
Speaker 2: I'm in California, I'm in Detroit. I mean, all these

1610
01:09:58,439 --> 01:10:01,360
Speaker 2: different cities. So it's like it made me really level

1611
01:10:01,439 --> 01:10:05,599
Speaker 2: up and really get my perfect my game because it

1612
01:10:05,680 --> 01:10:08,680
Speaker 2: allowed me now to help people with things that I

1613
01:10:08,760 --> 01:10:11,559
Speaker 2: didn't know at an early age because we had young

1614
01:10:11,720 --> 01:10:13,360
Speaker 2: you know, we had young kids there. It wasn't just

1615
01:10:13,400 --> 01:10:15,360
Speaker 2: like thirty year old thirty five year olds. There were

1616
01:10:15,360 --> 01:10:17,080
Speaker 2: younger kids there. Yeah, you know what I mean. So

1617
01:10:17,160 --> 01:10:19,960
Speaker 2: it's like wow, Like it made me feel good where

1618
01:10:19,960 --> 01:10:22,240
Speaker 2: it's like, man, I'm going to be able to change

1619
01:10:22,280 --> 01:10:25,639
Speaker 2: the scope of how people think about credit and now

1620
01:10:25,720 --> 01:10:27,479
Speaker 2: for me, that that's like my purpose. I was like,

1621
01:10:27,520 --> 01:10:29,800
Speaker 2: all right, my purpose here is to educate on credit.

1622
01:10:29,840 --> 01:10:31,519
Speaker 2: And that's when we changed the name of our company

1623
01:10:31,880 --> 01:10:35,559
Speaker 2: to God Credit during the seminars, you know what I mean.

1624
01:10:35,640 --> 01:10:38,360
Speaker 2: We changed it because it was like my wife was like,

1625
01:10:38,400 --> 01:10:40,360
Speaker 2: got milt, Like I forgot what it was. My daughter

1626
01:10:40,760 --> 01:10:43,040
Speaker 2: says something about milk, and I think it was my

1627
01:10:43,080 --> 01:10:46,840
Speaker 2: wife's got credit, and I'm like, wait a minute, that's

1628
01:10:46,880 --> 01:10:49,200
Speaker 2: what it is, like do you got credit? Like do

1629
01:10:49,240 --> 01:10:51,639
Speaker 2: you have it? And by me being able to talk

1630
01:10:51,680 --> 01:10:53,920
Speaker 2: and be here with you guys and talk to all

1631
01:10:53,920 --> 01:10:56,479
Speaker 2: the people that we did, we're breaking the cycle. And

1632
01:10:56,520 --> 01:10:59,320
Speaker 2: for me, like, man, like there's nothing in this world

1633
01:10:59,320 --> 01:11:02,240
Speaker 2: the more besides like being a father, a marine and

1634
01:11:02,280 --> 01:11:05,360
Speaker 2: a husband that's more rewarding than that, because now I'm

1635
01:11:05,479 --> 01:11:07,840
Speaker 2: changing people's way that they think about credit. And it's

1636
01:11:07,880 --> 01:11:10,320
Speaker 2: just it just feels amazing, man, it just feels so good.

1637
01:11:10,680 --> 01:11:13,240
Speaker 2: And it's just life change, not by legacy. It's not

1638
01:11:13,240 --> 01:11:15,479
Speaker 2: going to be the marine that got court martially, got

1639
01:11:15,560 --> 01:11:18,720
Speaker 2: kicked out, that got arrested, is now the marine that

1640
01:11:18,800 --> 01:11:20,400
Speaker 2: changed thousands of lives across.

1641
01:11:20,080 --> 01:11:24,200
Speaker 3: The world a movie in the making the making, man,

1642
01:11:24,240 --> 01:11:26,880
Speaker 3: So how can people contact you?

1643
01:11:28,439 --> 01:11:31,160
Speaker 4: What kind of services do you guys offer? How can

1644
01:11:31,200 --> 01:11:33,559
Speaker 4: you help the people. Let the people know what the

1645
01:11:33,600 --> 01:11:34,000
Speaker 4: deal is.

1646
01:11:34,080 --> 01:11:37,840
Speaker 2: Cool. Yeah, so on credit reppit on on Instagram, on YouTube.

1647
01:11:38,120 --> 01:11:39,840
Speaker 2: I don't really use Twitter that much, but fake you

1648
01:11:39,840 --> 01:11:43,439
Speaker 2: know all the platforms. The credit dude. So the credit dude,

1649
01:11:44,880 --> 01:11:46,920
Speaker 2: they can find me on there. And what we do

1650
01:11:47,040 --> 01:11:49,120
Speaker 2: is pretty much we want to educate you first and

1651
01:11:49,120 --> 01:11:52,439
Speaker 2: foremost on what we could do is knowing how to

1652
01:11:52,520 --> 01:11:55,000
Speaker 2: check your credit, what your credit score is, what a

1653
01:11:55,000 --> 01:11:58,040
Speaker 2: credit report is, right, how to check you're done in Bradstreet.

1654
01:11:58,560 --> 01:12:01,000
Speaker 2: We do business credit service is we educate you on

1655
01:12:01,120 --> 01:12:04,040
Speaker 2: business credit student loans, right. Like, let's say you might

1656
01:12:04,080 --> 01:12:06,320
Speaker 2: have an eviction, we help you with that because it's

1657
01:12:06,360 --> 01:12:08,560
Speaker 2: not on you have three credit bureaus, you know what

1658
01:12:08,600 --> 01:12:11,000
Speaker 2: I mean. So anything that revolves around credit, if you

1659
01:12:11,040 --> 01:12:12,960
Speaker 2: want to just call us and that you have questions

1660
01:12:12,960 --> 01:12:15,000
Speaker 2: on man, I want to raise my limit, you can

1661
01:12:15,040 --> 01:12:17,240
Speaker 2: call the office one of the only credit per companies

1662
01:12:17,280 --> 01:12:20,400
Speaker 2: that you can get a free thirty minute consultation. Ask anything,

1663
01:12:20,600 --> 01:12:22,400
Speaker 2: and we're not going to pitch you on to sign up,

1664
01:12:22,640 --> 01:12:25,360
Speaker 2: because that's one thing that's wrong is there's the education

1665
01:12:25,479 --> 01:12:27,120
Speaker 2: is not out there, so we want to give it

1666
01:12:27,120 --> 01:12:28,640
Speaker 2: to you for free. So if you just go to

1667
01:12:28,680 --> 01:12:30,599
Speaker 2: my Instagram. You can schedule a call with us if

1668
01:12:30,640 --> 01:12:32,880
Speaker 2: you want. The link is in my bio and we

1669
01:12:32,880 --> 01:12:35,920
Speaker 2: would love to not only connect with you, but also

1670
01:12:36,080 --> 01:12:38,479
Speaker 2: educate you on what you should or shouldn't be doing

1671
01:12:38,680 --> 01:12:41,200
Speaker 2: when it comes to your person or your business. And listen,

1672
01:12:41,439 --> 01:12:44,120
Speaker 2: you know, if you're a military marine, you suffering with something.

1673
01:12:44,400 --> 01:12:46,960
Speaker 2: We have a nonprofit that's being launched next year to

1674
01:12:47,000 --> 01:12:49,200
Speaker 2: help people out with that, So stay tuned for that

1675
01:12:49,200 --> 01:12:50,479
Speaker 2: as well, because we're very excited.

1676
01:12:50,520 --> 01:12:51,120
Speaker 5: That's dope, man.

1677
01:12:52,240 --> 01:12:54,160
Speaker 4: I want to ask you a question about how would

1678
01:12:54,200 --> 01:12:56,320
Speaker 4: your experience because you taught two classes for you and

1679
01:12:56,439 --> 01:12:58,040
Speaker 4: as I said, you're going to be a professor issue

1680
01:12:58,160 --> 01:13:01,120
Speaker 4: teacher four classes. I watched it and the good thing

1681
01:13:01,120 --> 01:13:02,640
Speaker 4: about ey because a lot of time people say, like,

1682
01:13:02,640 --> 01:13:04,360
Speaker 4: what's the difference between this and the podcast is like

1683
01:13:04,680 --> 01:13:06,920
Speaker 4: your presentation on business credit was twenty minutes, with the

1684
01:13:07,479 --> 01:13:10,080
Speaker 4: class was like an hour and a half, So it

1685
01:13:10,120 --> 01:13:12,360
Speaker 4: was like over an hour and ten minutes of question

1686
01:13:12,400 --> 01:13:15,000
Speaker 4: and answers. And that's the key thing. And that's like

1687
01:13:15,040 --> 01:13:18,360
Speaker 4: the verse that because it's like you, there's nothing like

1688
01:13:18,400 --> 01:13:22,680
Speaker 4: that one on one interaction and you know, people have

1689
01:13:22,760 --> 01:13:26,000
Speaker 4: like real specific questions and you know, they try to

1690
01:13:26,200 --> 01:13:28,200
Speaker 4: hit guests up after they come on and they DM

1691
01:13:28,280 --> 01:13:30,679
Speaker 4: them and it's like a thousand DMS. It's hard to answer, right,

1692
01:13:30,760 --> 01:13:33,040
Speaker 4: So what was your experience? How has your experience been

1693
01:13:33,080 --> 01:13:34,000
Speaker 4: with Euyo University.

1694
01:13:34,200 --> 01:13:38,280
Speaker 2: It's been rewarding, life changing because you know, you guys

1695
01:13:38,360 --> 01:13:41,200
Speaker 2: obviously are a staple and you you guys have a brand,

1696
01:13:41,240 --> 01:13:42,599
Speaker 2: you know what I mean. You have you guys made

1697
01:13:42,600 --> 01:13:44,639
Speaker 2: a huge name for yourself. So it's like the fact

1698
01:13:44,720 --> 01:13:48,120
Speaker 2: that when when your community and your earners ask me

1699
01:13:48,240 --> 01:13:50,559
Speaker 2: questions and I'm able to reply and I'm able to

1700
01:13:50,600 --> 01:13:53,400
Speaker 2: say this, this, this, or prevent or do a presentation

1701
01:13:54,000 --> 01:13:56,439
Speaker 2: like it's once again, it feels good. But the fact

1702
01:13:56,479 --> 01:13:59,599
Speaker 2: that we're educating and we're giving people the answers and

1703
01:13:59,640 --> 01:14:02,160
Speaker 2: like the the community the guys have built is amazing,

1704
01:14:02,560 --> 01:14:04,240
Speaker 2: you know what I mean. A lot of how we

1705
01:14:04,400 --> 01:14:07,000
Speaker 2: changed our business model is based off of what you

1706
01:14:07,040 --> 01:14:09,400
Speaker 2: guys are doing well, you know what I mean. So

1707
01:14:09,439 --> 01:14:12,240
Speaker 2: it's like when when when when I was able to

1708
01:14:12,320 --> 01:14:15,920
Speaker 2: respond and talk and I was like, you know, I

1709
01:14:15,960 --> 01:14:17,760
Speaker 2: was like, oh man, like these guys are coming with

1710
01:14:17,800 --> 01:14:20,200
Speaker 2: the questions that like, you know, and as I'm answering

1711
01:14:20,200 --> 01:14:21,559
Speaker 2: I'm like, all right, let me google this right quick,

1712
01:14:21,640 --> 01:14:22,880
Speaker 2: let me do this right quick. But it's like I'm

1713
01:14:22,920 --> 01:14:26,320
Speaker 2: able to respond. But it's just so awesome that your

1714
01:14:26,439 --> 01:14:29,280
Speaker 2: your earners, they have the thirst for knowledge, and I

1715
01:14:29,320 --> 01:14:32,000
Speaker 2: think that's what separates you guys, and and what why

1716
01:14:32,040 --> 01:14:34,360
Speaker 2: you're earning it so special is because they're not just

1717
01:14:34,400 --> 01:14:38,280
Speaker 2: signing up. They're signing up and asking a thousand and

1718
01:14:38,320 --> 01:14:40,759
Speaker 2: one questions because that's the shows that they care.

1719
01:14:44,240 --> 01:14:44,599
Speaker 4: Facebook.

1720
01:14:44,960 --> 01:14:45,880
Speaker 5: So I appreciate the fact.

1721
01:14:45,960 --> 01:14:46,240
Speaker 2: Of course.

1722
01:14:46,760 --> 01:14:48,280
Speaker 3: That's why I said, man, we have to start by

1723
01:14:48,439 --> 01:14:50,479
Speaker 3: just saluting you for the amount of love and support

1724
01:14:50,479 --> 01:14:51,439
Speaker 3: that you've always shown for us.

1725
01:14:51,479 --> 01:14:52,280
Speaker 5: Appreciate it, you know what I mean.

1726
01:14:52,280 --> 01:14:54,080
Speaker 3: We appreciate you, and we saw you put on when

1727
01:14:54,120 --> 01:14:59,240
Speaker 3: we came to the seminar and Jersey standing outstanding performances.

1728
01:15:00,040 --> 01:15:00,640
Speaker 2: I appreciate it.

1729
01:15:00,720 --> 01:15:02,760
Speaker 4: Not for sure, it's been a pleasure. Thank you for

1730
01:15:02,880 --> 01:15:05,519
Speaker 4: joining us and not only you know, dropping gyms as

1731
01:15:05,560 --> 01:15:08,160
Speaker 4: far as the credit, but sharing your personal story too,

1732
01:15:08,120 --> 01:15:09,559
Speaker 4: because like I said, I think that that could be

1733
01:15:09,640 --> 01:15:11,639
Speaker 4: even as that maybe even more valuable to some people

1734
01:15:11,680 --> 01:15:14,920
Speaker 4: than the credit information because it's always good. I always

1735
01:15:14,960 --> 01:15:16,400
Speaker 4: like to get the back stories of people, So like

1736
01:15:16,479 --> 01:15:19,000
Speaker 4: whether it's a Wall Street trapper who went to jail

1737
01:15:19,000 --> 01:15:22,000
Speaker 4: when he was sixteen years old for ten years and

1738
01:15:22,120 --> 01:15:24,400
Speaker 4: came out and it's like it has inspires young men

1739
01:15:24,439 --> 01:15:26,720
Speaker 4: that might have made mistakes, or whether it's you know,

1740
01:15:27,080 --> 01:15:30,400
Speaker 4: somebody Ronnie Brown who was a teenage mom and you

1741
01:15:30,439 --> 01:15:32,679
Speaker 4: know now she's a millionaire. It's like how many young

1742
01:15:32,720 --> 01:15:35,840
Speaker 4: girls made you know, had got pregnant when they were

1743
01:15:35,880 --> 01:15:37,639
Speaker 4: seventeen years old and think that their life is over.

1744
01:15:37,720 --> 01:15:39,800
Speaker 3: So I was out, you know what I was thinking too,

1745
01:15:39,880 --> 01:15:42,479
Speaker 3: Caason Caesar story like that story you have to make

1746
01:15:42,520 --> 01:15:44,680
Speaker 3: at the door when they were coming again, it was like, yo,

1747
01:15:45,720 --> 01:15:47,160
Speaker 3: quick decision, but change his life.

1748
01:15:47,200 --> 01:15:51,519
Speaker 4: Yeah, there's always somebody can relate to somebody's story, you

1749
01:15:51,520 --> 01:15:52,720
Speaker 4: know what I'm saying. That's why we like to tell

1750
01:15:52,760 --> 01:15:56,720
Speaker 4: people's story because everybody has a story. Everybody has a

1751
01:15:56,720 --> 01:15:58,880
Speaker 4: story to tell. Like, no matter what your story is,

1752
01:15:59,560 --> 01:16:02,680
Speaker 4: everybody had some story to tell. And everybody's story can

1753
01:16:02,720 --> 01:16:07,040
Speaker 4: inspire somebody else. So appreciate it. Appreciate it, brother, Thank

1754
01:16:07,120 --> 01:16:09,320
Speaker 4: you Troy house keeping it eye.

1755
01:16:09,439 --> 01:16:12,120
Speaker 3: Yeah, man, shout to everybody on patreon dot com. You

1756
01:16:12,160 --> 01:16:13,920
Speaker 3: know that is our Proud to Pay program. We got

1757
01:16:13,960 --> 01:16:16,679
Speaker 3: some new members some tear five member. Shout out to Thomas,

1758
01:16:16,880 --> 01:16:17,799
Speaker 3: Jason and ey Lane.

1759
01:16:17,840 --> 01:16:19,720
Speaker 5: Welcome to the e y L family. You know that

1760
01:16:19,760 --> 01:16:21,240
Speaker 5: you now have access to e y l.

1761
01:16:21,320 --> 01:16:24,519
Speaker 3: You you know that that great platform that our brother

1762
01:16:24,600 --> 01:16:28,800
Speaker 3: Jose has been gracious enough to bless us with his services.

1763
01:16:29,160 --> 01:16:31,680
Speaker 3: So looking forward to talking to you, and shout to

1764
01:16:31,680 --> 01:16:33,680
Speaker 3: everybody that say all our earners, like you said, man,

1765
01:16:33,920 --> 01:16:36,040
Speaker 3: they are there with the intent to learn, but to

1766
01:16:36,080 --> 01:16:36,799
Speaker 3: also execute.

1767
01:16:36,800 --> 01:16:37,280
Speaker 5: So shout out to.

1768
01:16:37,280 --> 01:16:39,479
Speaker 3: All our earners and shout to everybody that's supporting the

1769
01:16:39,520 --> 01:16:41,479
Speaker 3: merch h you know how to get that on e

1770
01:16:41,720 --> 01:16:44,640
Speaker 3: y l dot com or your leader dot com. And

1771
01:16:44,680 --> 01:16:46,160
Speaker 3: I want to give a quick shout out to this.

1772
01:16:46,680 --> 01:16:48,439
Speaker 3: We don't I don't want people to breeze over this.

1773
01:16:48,479 --> 01:16:51,400
Speaker 3: I don't want to. We got our own our own

1774
01:16:51,640 --> 01:16:54,360
Speaker 3: got credit license plate fitteds man. So if you look,

1775
01:16:54,400 --> 01:16:55,800
Speaker 3: then we got we got the New York place with

1776
01:16:55,840 --> 01:16:57,519
Speaker 3: the Arnal lesion on it. So shout out to you

1777
01:16:57,560 --> 01:16:58,439
Speaker 3: for busting us.

1778
01:16:58,320 --> 01:17:01,120
Speaker 4: With that and to give credit merchant. You can't buy that,

1779
01:17:01,240 --> 01:17:02,439
Speaker 4: right you can? You can?

1780
01:17:02,760 --> 01:17:02,920
Speaker 5: You can?

1781
01:17:03,040 --> 01:17:03,200
Speaker 4: Yeah?

1782
01:17:03,439 --> 01:17:06,800
Speaker 2: Okay, if people wanted on my Instagram, they can go

1783
01:17:06,920 --> 01:17:08,800
Speaker 2: let my Instagram and everything is right there.

1784
01:17:08,880 --> 01:17:10,600
Speaker 4: I know before it wasn't You couldn't know.

1785
01:17:10,840 --> 01:17:13,240
Speaker 2: It was exclusive when we just gave it away. And

1786
01:17:13,320 --> 01:17:16,160
Speaker 2: I actually think that we're leaning towards that again, where

1787
01:17:16,200 --> 01:17:17,960
Speaker 2: instead of people to buying it, I think we're gonna

1788
01:17:18,000 --> 01:17:19,559
Speaker 2: lean towards just being able to give it away.

1789
01:17:20,200 --> 01:17:23,200
Speaker 5: You can't get the New York player that's that don't

1790
01:17:23,200 --> 01:17:23,680
Speaker 5: appreciate it.

1791
01:17:23,680 --> 01:17:27,680
Speaker 4: I appreciate it, customized, customized, Alsia got credit hats, and

1792
01:17:27,720 --> 01:17:31,439
Speaker 4: we got bags. So yeah, we appreciate it. Brother, Thank

1793
01:17:31,479 --> 01:17:32,680
Speaker 4: you man, Thank you guys so much.

1794
01:17:32,680 --> 01:17:33,760
Speaker 5: I appreciate it.

1795
01:17:34,120 --> 01:17:36,400
Speaker 4: Man. Thank you guys for rocking with us. See you

1796
01:17:36,439 --> 01:17:37,559
Speaker 4: next week. Peace.

1797
01:17:37,640 --> 01:17:44,040
Speaker 6: Peace, my graduates from my school being forced back drop

1798
01:17:44,680 --> 01:17:48,360
Speaker 6: bags drop, Mike, drop back drop drop.

1799
01:17:59,280 --> 01:18:03,160
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