Credit Scores and Interest Rates – A Bank Insider’s Shocking SpyCam Confession
You would think that banks would know a little something about credit scores and interest rates. And in fact, you would be right. They assign interest rates based on credit scores, so they know just how important credit scores are. They just won’t tell you.
And it ticks me off.
I went into a major bank – a bank that received some of your taxpayer dollars in the form of a bailout – and I asked for help about how credit scores and interest rates can be improved.
And I got zero help. Nada.
The banker was uninformed and inaccurate in his understanding of credit scores and interest rates. To be fair, it wasn’t his fault. His managers don’t know either. And why don’t they know?
You see, the banks have no intention of helping you build your credit score, so they do not train their bankers to give you proper information. If they did, you would qualify for a better loan at lower interest rates, and they would be unable to rob you of your hard-earned money.
Well, I’ve had it, and I’m taking a stand. I think banks should:
- Help you learn how to build your credit score.
- Teach you about credit cards and credit scores, and how your interest rates can be improved via your credit cards.
- Give you information about bankruptcy and how your credit score can recover after a major financial disaster.
Do you agree? Watch this SpyCam and let me know if you think banks should stop keeping us in the dark about credit scores and interest rates!
Credit Scores and Interest Rates – A Bank Insider’s Shocking SpyCam Confession
