How the 1.5% of Americans With Perfect Credit Do It

Quick question. What number defines you? Is
it your age? Those lotto digits you just know will pay off someday? Maybe you think there’s no number that defines
you. But corporate America disagrees. Industry defines you with three digits, your credit
score, and it influences everything from how much you’ll pay to borrow money to whether
you can buy a cellphone, land a job, or rent an apartment.
It’s not easy to make sense of your finances. I’m Shahien Nasiripour and I want to meet
people with an obsession to beat the system and never leave money on the table. It’s become such a popular measure of character
that there’s a dating service that matches people off of it. Maybe it’s not for you.
It’s definitely not for me. Around 200 million Americans have FICO scores, but only about
1.5% of them have that perfect 850 number. One of the folks who knows how to join the
850 club is Stan Kellman. He learned to game a system after his score fell below 600 during
the Great Recession. Let’s give him a ring and find out how he did it.
Hey, Stan, thanks so much for taking the time to chat.
Thank you for having me. What moved you to want to achieve an 850 credit
score? I just happened to have the misfortune of
graduating with my MBA in the recession and got into some debt. In the process of settling
that debt, my credit score dropped. What it’s like to live with a low score, it really sucks.
If you have a mark on your credit report, it will not go away for seven years, for 10
if you have a bankruptcy. You mentioned that you had negotiated with
your creditors. How did you go about doing that?
You’ll get daily collection calls and they’ll want you to make a payment. What you don’t
realize is once you make a payment, your clock gets reset. By law, after 180 days of nonpayment
is when they are required to write it off for accounting purposes, and right before
the 180 day mark is when you can call them and make a deal.
I could settle some cards for as low as 20 cents on the dollar. You are not paying back
what you promised to pay back, but at the same time, there are big banks that got billions
of dollars from the government in bailout funds and I didn’t. So that was my own
personal bailout. Why didn’t you just stop when you got to 780?
Why did you try to get that elusive 850? Because that’s my personality. I wanted my
perfect score. The scores are not developed for you. They’re developed for the banks to
evaluate your credit worthness. They’re not a measure of your personal financial health.
You can be deep in debt and have a perfect score, and that’s not good for you. And it’s
better to have a middling score, but have no debt.
Let’s look at how these credit scores are weighted. Peoples with perfect 850 scores
never make late payments. The 850ers use maybe 5% of the big credit limit and have had a
diverse mix of loans and card accounts over the years. They also haven’t applied for any
new credit recently. It’s not the fairest system, but you really
don’t need to be perfect to get it to work for you. founder, Janet Alvarez,
raised her score 300 points, and she’s got tips on how to raise your score and keep it
there. In order to get the perfect 850 or 860 credit
score, it’s going to take sort of impeccable performance on every aspect of your credit.
But you don’t really need it. You don’t need a perfect score to get the best rates or the
best offers. You just need a really good score. Younger people are inadvertently penalized
because if you’re younger, you’re just not going to have a lot of credit history and
to get the maximum boost out of this component of your credit score, you’re going to want
a credit history of 30 years or longer. Even if your credit isn’t great, if you do qualify
for more credit, ask for higher credit limits on your existing cards or try to get new cards.
Again, that improves your credit utilization ratio so that opens your score. It can boost
it by something like 50 to 100 points within a month, depending on how much additional
credit you take on. There’s a different score generated for the
type of loan or the type of credit you’re seeking, so for the purposes of credit cards
or a car loan or a home loan, you might get different scores, and that’s just because
they’re looking at different selection criteria based on what you’re borrowing for.
So get to work on your score. Give yourself some credit along the way.

56 comments on “How the 1.5% of Americans With Perfect Credit Do It”

  1. Rickdawg12 says:


  2. Alfredo Diaz says:

    I want a great credit score

  3. Brian McNay says:

    Not even a single action item to help improve your score. Next episode please provide some tips.

  4. potatomato :p says:

    Suggestion vid lol. Please give me 999 trillion dollars right now. 🙂

  5. Eric Martin says:

    do not be fooled by "Credit Scores". the perfect credit score is zero. to get a high credit score you must carry debt and a lot of it, something banks love.

  6. Mark Carrasca says:

    A perfect credit score is somewhat overrated, because as mentioned in the video one doesn't need a perfect score to get the best rates. Having a great to excellent credit score helps to get a better mortgage rate or car loan, but unless you're actively looking to barrow money you shouldn't really stress too much about your credit score. It's important to be mindful of your score, so you pay on time and keep your score high. But just having a high credit score isn't going to take you very far, it mostly serves somewhat as an ego boost. For example you can have a high credit score, but if you have no income the banks aren't going to lend you money.

  7. Filip Hessle says:


  8. Angel Pup says:

    ive done all of these things but have been stuck at 815-820 for years.

  9. Mohamed says:

    In my personal opinion is you don’t need credit score at all. If you can’t afford it, don’t buy it. Even if you want to buy house, buy it cash.

  10. Jonathan Sweet says:

    Clickbait title much?

  11. Robert Evans says:

    Why would I even care about a credit score? I have never needed to borrow money except for my mortgages and, of course, I always get a mortgage. I never live beyond my means and pay off my credit cards fully every single month. Why charge up things that you don't need and can't afford?

  12. Christian says:

    Horrible video

  13. Arthur Embleton says:

    In the UK, you don't have a score. Each lender calculates their own for you based upon your credit history and what they consider to be important.

  14. B. Janisch says:

    Hi Austrian guy here – your system is fucked up.

  15. Angel Hernandez says:

    I’m 21 have had a credit card for like 1 year and i have a FICO score of 740 and my other credit score is 710

  16. Michael Thomas RE says:

    This video was very general and failed to offer any steps or tricks to get an 850 score. The title is misleading

  17. Mike G says:

    This was very basic advice

  18. ahri says:

    Who decided to do the cropped video? I don't think that was the best idea, visually speaking…

  19. Bryan Abad says:

    Yup, that guy sound it like he had a dick up his ass and not once mention how to get a 850 score

  20. Digong DU30 says:

    The most bullshit system that the elite supra rich people invented to make sure the rats keep chasing false dreams, the CREDIT SCORE!

  21. jorge pearl says:

    I have a perfect credit score and I have never paid interest in 30 years, I just pay my credit card at time every month

  22. stachowi says:

    Here is what the video should have been… coming from someone who's in the club.

    1) only have 3-4 major cards credit cards (Visa, MasterCard, Discover, AMEX), avoid department store cards like the plague. DO NOT APPLY FOR NEW CARDS (My average length of credit is 15 years), haven't applied for credit in over 10, this includes cell phone provider switching.
    2) always put something small on each card (spread your recurring charges over each card Netflix, Phone etc ) pay off monthly balance, keep account balances under 10%, but never zero.
    3) Don't miss a payment or be late, EVER. I don't know how long it takes to recover because I haven't missed a payment in 20 years.

  23. Dan Trinh says:

    I have that cisco phone at work and it doesnt have video capabilities!

  24. KeepOnRollinFilms says:

    terrible video

  25. Leonardo Isidoro says:

    The best leverages in life’s are other people and other people’s money (banks)

  26. Alexey Charondin says:

    This first man is a scammer! You ask scammers how to cheat system and rob people?
    PS Actually he is criminal, real life criminal and should get reported!

  27. No Name says:

    Don't believe the b.s. First the irony of a dude who basically defaulted on 4 cards and has a perfect score is lost on both him and the host. He wasn't even remorseful for failing to pay true value back. Second no it doesn't effect your ability to do almost anything, Especially a phone the way it said. If you need credit to buy a phone you're an idiot (as is bloomberg, apparently) and have bigger problems to worry about. Those that can afford to pay cash by definition have the best credit because they do not need to borrow. Point blank, period. All the other Pretend metrics are for banks and to get you Into borrowing & debt, or for losers that believe this vid.

  28. Alex Wildnet says:

    Mine is 837

  29. Avidcomp says:

    I don't find any evidence that a creditor is required by law to write off your debt after 180 days of non-payment.
    But isn't there something broken about this system, where it doesn't reward the most fiscally responsible people. I know of at least one person that has always lived within his means, never borrowing money and saving what he earns. When it came to getting around to asking for a mortgage to buy his first home, his bad credit score was held against him.

  30. ajaopify says:

    Starts @ about 3:05

  31. Arc Riley says:

    Wow, that was a complete waste of 5 minutes.

  32. Shreyas Bharadwaj says:

    Pretty sure this dude wasn't even born during the Great Recession

  33. BMo says:

    Your information is stupid and vague. Nothing is learnt from it.

  34. mattiik says:

    Can someone elaborate on the 180 day timer this guy was talking about? Wouldn't the bank just send a collection agency after you? Seems like I could just not pay my debts for 180 days and then call them up on the last day and pay $200 if I owed $1000…I'm new to this my apologies

  35. Random Stuff says:

    If you don't ever pay late fees I don't think they like you. If you pay some fees and interest that's what they like. As long as you don't default more than two months in a row. And don't have late fees too many times in a row.

  36. Left Twix says:

    My credit is 2 digits

  37. Anand Saxena says:

    Was this an intro teaser video? Where is the rest of it?

  38. Chris Baker says:

    I have an 817 score dont get why its not 850.

  39. Soneji says:

    IMO I don't think people should be taking out loans for anything outside of cars and homes. It sucks that you need to borrow and waste money to prove that you're responsible with money.

  40. Richard Conte says:

    There were no credit scores during the great resesssion. credit scores came out in the late 1980s after the great resession

  41. Yes It's Me says:

    I'm at a 837 across the board, just checked it. I literally don't know what else I could possibly do to get those extra 13 points.

  42. Zack Schwartz says:

    Very vague unhelpful information

  43. DeRun Ren says:

    useless info

  44. Wingman Bravo says:

    This is all really strange to me. Any debt you have should lower your credit score any funds or income should make it higher. At least that is the system here in the netherlands (also no real score here but there are list with what you debt is that banks can see before yu get new loans)

  45. shayan k says:

    Shahin nasiripour??? SOUNDS PERSIAN😂😂🇮🇷🇮🇷😂😂

  46. Defy Convention says:

    Over 750 doesn't matter

  47. hobomnky says:

    disliked. video was trash, and had nothing useful to say. 5 mins of pointless rambling.

  48. Addison Weatherhead says:

    This video didn't provide as many details as one would hope, and the money shots were so cringey

  49. Cass2kX1 says:

    Dumb video. The credit card industry is only designed to keep you in debt. My credit score was at it's highest right after I paid off my car in only 8 months. I have two accounts open and one I will cancel because it's a store card from Macy's. Anyone who tells you to keep a balance of any kind is fucking stupid. If you can't buy it out right you can't afford it.

  50. Nazim Hasanov says:

    America country loans ,but in many of his stories questioned

  51. jaskarn khaira says:

    These videos could be made lengthier with more tips and the series could do with a host change.

  52. Nia Patrick says:

    There are a lot of very smart
    Folks hanging out here that realize that the credit industry is designed to keep Americans in debt and banks and financing companies richer (the .01% of the 1%). Back in the common sense old days….buying on credit meant you could not afford it and it was considered shameful and embarrassing to purchase anything on credit. It really meant you were poor and could not afford to live within your means.

  53. matic grum says:

    Hey people I got my score boosted by Darkcat, his the best dm +13043060390

  54. matic grum says:

    I will never deceive you guys, Darkcat is amazing, try him Dm +13043060390

  55. Romerryll says:

    While info was interesting and not inaccurate, there was no actionable advise beyond pay on time and raise credit limits. Thanks?

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