So this week was CREDIT SHARKS IN SUITS, it was also very good like every other class so here are some the highlights from that.
- Myth: You need to take out a loan to get a credit card to bring up your credit score.
- Truth: The FICO score is an "I Love Debt" score and is not a measure of "wining" financially.
- DO NOT WORSHIP AT THE ALTER OF THE GREAT FICO!!!!
- A collector is taught to evoke strong emotions.they want to make you feel afraid and angry.
- If you have bad credit they cant make it much worse.
- NO CREDITOR OR COLLECTOR MAY TAKE A BANK ACCOUNT OR GARNISH WAGES!
- They can only call you between the hours of 8am and 9pm.
So this week was CREDIT SHARKS IN SUITS, it was also very good like every other class so here are some the highlights from that.
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