Credit Card Center Advertiser Disclosure

Valued Contributor
Posts: 3,752
Registered: ‎06-21-2014

Documentary about finances

[ Edited ]

Found this Video on youtube called Spent: Looking for change... Pretty touching story

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740
New Contributor
Posts: 138
Registered: ‎06-23-2014

Re: Documentary about finances

Interesting video, but seems the 3 subjects were just really bad at handling finances and made really, really bad decisions. The girl with the purse business never even contemplates getting investors involved and spending 100k in college to make purses was probably not the smartest idea. The young couple could have easily bought a house for cash, no mortgage, but wanted their instant gratification of having the dream house immediately, also I have no idea how none of them can get a regular bank or credit union account somewhere instead of using prepaid cards with excessive fees and for the family with health problems going to payday loans was not a smart idea. Those places are scum, I've never used them but sadly know some who have and they're nothing but legalized loan sharks imo. The lady who quit her job to take of her mother while noble, made no sense without having a 2nd income(no husband/boyfriend is mentioned) and then putting your car up for a title loan was a terrible idea.(again nothing but loan sharks she was dealing with).


At the end though they do subtle mention places like lending club, prosper, etc which I invest heavily in, however those people are not saved by such services because you have to have high scores to get your loan approved, heck I invest a lot of money there and can't get a loan myself from them if I wanted to lol. Alternative baking and lending is the way of the future as they allude to at the end, but if you have horrible credit, you're not getting loans there either.

Current Score: 639 (3.06%) 19pt gain

Established Contributor
Posts: 613
Registered: ‎03-13-2008

Re: Documentary about finances

Thank you for linking that, it was fascinating. After my divorce I had to rebuild, but fortunately I was never as far down as needing to get pay day or title loans. I know a few people who are bankless as well, a few by choice but most because of circumstances. I know one girl who is in ChexSystems, but still managed to get a checking account with PNC. However, she is only allowed to use her debit card for a total of $100 a day. Smiley Surprised A few other people that I know have those debit cards that employers give them, and their money is directly deposited onto it. I have heard relatively decent things about that method, but honestly I cannot fathom life without a bank account.


Either which way, an eye opening documentary of how many live.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.