Transcription
Guys, by June 1st, credit scores may change forever. The Clarity Act is about to go to the president's desk pretty soon. And if that happens, your 7800 credit score can literally mean zero. A 400 credit score might have more lending potential than you in the months coming.
Guys, in today's video, I'm going to break this down. I'm going to break down how this is going to change the financial system forever and how it pertains to you and your 700 credit score. Guys, stay tuned.
Welcome back to the channel, guys. If you're new to the channel, I'm Credit Coach Cube, and I created the first cloud-based software that allows you to put your credit repair experience into your own hands. If you're new to the channel, I'm super, super excited because I am. Hey, banger. In today's video, we're going to talk about how this new Clarity Act is going to change the credit space forever. But before we get into the video, guys, please do me a favor. Like and subscribe to the video, guys. It's 100% free. Like this video because it allows YouTube to push this content further and allows us to keep the lights on. Guys, if you know anyone that has a credit score or cares about their credit score, send this video to them because this video is going to be very impactful.
A lot of people don't know that the Clarity Act is not just for crypto. People think that it's just for crypto and this that and the third, but it's really for banking, and banking transparency is going to be the new credit landscape. So that means that the way you treat your bank account is going to be more important than how you treat your credit cards. In today's video, we're going to break this down.
So, before we get into the video, I want to let everyone know that's new. If you are new here, please go to the comment section. If you are not new here, you've been here for a while, you already know. Go to the comment section and type "credit credit repair" in the comment section. If you have any collections, charge-offs, late payments, anything that you need in terms of your credit, go to the comment section right now. Stop the video. Go to the comment section right now and type "credit repair" in the comment section, and me and my staff will give you a custom blueprint. A custom blueprint specifically for you to handle your credit needs. Guys, do you have a six? If you have a five, a four, five, or a six credit score, go to the comment section, guys, because we do not allow bad credit to be on this channel. If you are a subscriber or follower and you still have bad credit, go to the comment section, guys.
And but guys, now that you understand how this video is going to pertain to you, like I said, if you see anyone or know anyone that can benefit from a video like this, just remember to share it. Guys, if you're interested in learning about credit, credit repair, business funding, guys, I'm going to show you step by step on how you can repair your credit, your father's credit, your dog's credit, whoever's credit you want to repair. I'm going to also teach you how you can get up to $250,000 in business funding. And I'm also going to show you how to get home loans, business loans, car loans, any loan that you want in terms of credit. Guys, I've been in the industry for over 10 years, and I have built a multi-million dollar business in this industry. And for the first time, I'm going to put it all on the line. I'm going to show you exactly how to be successful in terms of credit from point A to point Z. So guys, if you're interested in learning anything about credit or becoming a credit specialist, check out the new school inside the link in the description, and I will see you in class.
Now, let's dive straight into the meat and potatoes of this video, guys. Here you go.
Welcome back to the channel, guys. If you're new to the channel, I'm Credit Coach Q, and this is my lovely co-host, Miss Tina Talks Credit. Welcome back to Miss Tina. Guys, the credit game is changing, and we need to get on top of this. Now, as you know, "The Credit Game" is the name of our show, and we want to give you guys a heads-up when it comes to any changes when it comes to the landscape of credit on how or how it relates to you. So, as you probably have heard, if you are into crypto, you 100% heard of the Clarity Act, which is a basic format for clarity on how it relates to regularity in the crypto market. But the Clarity Act is not only for crypto. It's actually for the banking system on how they're going to upgrade from an old, outdated system to a new, faster, AI-driven system.
Now, your credit is not going to be calibrated off your score anytime soon. You know what I mean? Your credit score is not going to be the number one factor any longer. You know, I know everyone wants to settle on the credit score, but banks are finding out that, and you can chime in anytime you want to, Miss Tina, but banks are pointing out that your credit score is not giving a full transparency of your financial status. You can have a 700 credit score, perfect payment history, and you can be drowning in credit all the time. So now they're going to a more, a more transparency when it comes to your finances and how you relate and handle them. So, right, Miss Tina?
>> Exactly. AI, right? AI. The best we've got now. AI is going to be doing it. And I, I listen, you know, you have a lot of different opinions about AI, what it is. Some people say AI is the devil. Just all kinds of things. But when I tell you that I truly believe in my heart of hearts that AI is going to be able to get this credit thing more streamlined than it's ever been before, especially as it relates to, like, the underwriters' credit approval or denial decision-making and stuff like that. And it's going to put more pressure on the Fair Credit Reporting Act law as it relates to accuracies and stuff because you know that AI is just all about information, and that information has to be accurate. I'm, I'm excited. I'm here for it. Bring it on.
>> Yeah. And you know, um, AI has its own little different variations of good and bad. You know, AI is going to take a lot of jobs. We all know that. But if you are ahead of the game or if you have a heads-up, if you will, in terms of AI, it is a lot of upper mobility opportunities for you not to only make a lot of money with AI but to also use AI to your own personal advantage. So, I'm going to share my screen and break this down a lot more so you guys can get a visual representation on what we're actually talking about.
So, the old system asks, "Did you pay your debt before?" The new system is asking, "Can you actually afford this right now?" Ladies and gentlemen, we are going to introduce the Clarity Act. Right. So, this section, "The Real Credit Revolution Happening Right Now." Most people still think that credit is about FICO scores, collections, late payments, charge-offs, and inquiries. But the financial system is quietly changing underneath consumers. What's happening now is bigger than credit repair. This is a complete transformation of lending, banking, risk analysis, financial surveillance, and consumer identity itself. The Clarity Act is helping move the financial system into a new digital era, guys. And once this Clarity Act gets on the president's desk and signed into law, the banking system is going to change forever. The last time the banking system was changed to this capacity, it was around almost a hundred years ago. So the banking system has been using the same language, the same format, the same code for years now. Everything is going to be so much faster.
I don't know if you understand anything about crypto. Me and Tina were just talking about this. And this is not any financial advice or anything like that, but it is an individual understanding on how crypto is going to change the banking system entirely. I use cryptos like XRP, XLM, XDC that is going to allow transactions to settle immediately once this bill or this executive order goes into play because now these banks are going to regulate crypto that they're going to use. And as you probably know, crypto is not regulated. That's why you can buy a heart from the black market using crypto. But once the Clarity Act gets passed, the regulation for cryptos, the regulation for banks are all going to be different forever. And it's going to change the digital landscape, like I said, forever. So if you want to think about investing into something long-term, think about investing into the cryptos that I just spoke about because those are going to be the first ones in line that's going to explode. They call them ISO coins. So ISO 2022 is the language that banks are using, and when the Clarity Act is basically enacted, that language is going to be active immediately. So people, so all of the banks are going to communicate and process money using these cryptocurrencies for faster processing transactions.
So right now, if you want the fastest way for you to get a million dollars to California to a friend, it's to get a million dollars in cash and put it on the plane. That's the fastest way because if you want to wire, it's going to take a couple days and it's going to cost you a lot of money. XRP, XLM, those technologies allow it to go to the client immediately. Three seconds is the settlement time. So you imagine being able to send a million dollars in 3 seconds for only a fraction of a penny. That's how fast and how transformative these banks are going to use this new version of technology. Just a caveat. Did you want to add to any of that before I go on?
>> I'm just, like, I'm loving it. I'm like, that is some futuristic stuff, and it's very, it makes sense with AI and just all the things that's going on now in the world, how everything is moving fast, and you know, they're trying to get rid of, like, cash money anyway. You know what I'm saying? This is even more of a catalyst to doing that. And I think that everything is just moving forward, and I have no doubt that the Clarity bill is going to get passed, fully signed, and fully engaged. Like, I have no, I know it is, you know, but this is my opinion, but I know it is. And so I'm, I'm excited about it, and we're going to make some money.
>> Yeah, we are. Yeah, we are. All right. So, like I was saying, guys, okay, the Clarity Act is not just about crypto. Like I said, it represents digital financial standardization. This means the financial industry is preparing for a future where financial data moves faster. Like I just said, digital transactions become traceable, which is basically what Miss Tina said about how they're going to try to get rid of cash. Consumer behavior becomes measurable. Now, I'm going to stop there for a second because consumer data becoming measurable is the new credit landscape. Being able to measure your data on a daily basis versus being able to subtract your on-time payments are two different measurements. And one has a higher yield of transparency, has a higher yield of accuracy in terms of where you currently are in your financials at this presented time. Anybody can finagle the credit system if you know how to do it. You could pay this at one time. You can move this money right here, but you could still be drowning in debt. So I want to continue this, um, because it is a lot to go over.
All right. So, consumer behavior becomes measurable, and AI can analyze risk in real-time. The old banking system was slow, manual, and reactive. The new system is data-driven, automated, predictive, and AI-controlled. A credit score is mostly old data. It measures, "How did you handle debt in the past?" But lenders are realizing that past debt history does not always predict current financial stability. Someone, what you say?
>> I'm sorry. I'm just over here firming in my seat. Like, thank you because, like, you know how it is when you're trying to get something up for a client and every, they're just being measured on their past. You know what I'm saying? Two years past where they used to be, but they're still being measured past. That's what I hate about the credit bureaus and the whole credit laws.
>> There's a lot of people that make a lot of money or have a lot of money and just have bad credit because they just don't need it. Really, they really don't need it because they pay for everything cash. And it's a lot of institutions and banks that are missing out on a potential great client just because they don't have the credit score to match their bank account. So, yeah, this, this is fire. This is really, this is fire. This is fire, uh, information. Really sick.
All right. Financial drowning. Okay. Someone can have a 720 score, perfect payment history, multiple credit cards, while still being financially drowning, overleveraged, paycheck to paycheck, and surviving on debt. Traditional scoring off the mystics. AI underwriting analysis, live financial behavior, not just reported debt. AI can analyze payroll deposits, rent payments, overdrafts, account balances, spending volatility, cash reserves, subscription habits, BNPL usage, paycheck timing with quarterly stress and transaction patterns. This creates a real-time risk profile. Guys, this is the new credit score. This is the new credit landscape. Let me zoom in on my face so you guys can see me. This is the new credit landscape. This is the new credit on how everything is going to be measured. They're going to be measuring everything with your real bank account. And so, you heard it here first. I ain't heard no one talk about how AI and the Clarity Act is going to affect billions, not billions, hundreds of millions of Americans and how they're going to basically measure your score. So, you probably still have a credit score. Or you probably, but that credit score is going to be measured completely different. It's going to be measured on your actual financials and, like I said, an actual risk behavior system.
All right, so let me bring this back. Okay, there we go. All right, so they said a 600 score consumer may outperform a 700 score consumer because AI increased lead value stability rather than old debt history. Your 720 score, 12 credit cards, mortgage, loan, credit history. Looks excellent on paper, but overdrafts monthly, maxed out every month, no savings, unstable income, living on credit. Traditional scoring still rewards this person. Consumer B, 620 score, old collection, past hardship, but stable paycheck, no overdrafts, growing savings, low expenses, consistent rent. Guys, history, consistent rent history, positive cash, monthly cash flow. AI, AI may label this consumer safer. That is the future of lending, which is in terms of the future of credit.
So, I'm going to let Miss Tina finish it off, and we'll go from there. Go ahead, Miss Tina.
>> Okay, I got you. I'm not going to read all that, but I'm, I'm going to sum it up. I got you. Okay, so, um, traditional credit score only sees what's like your reported debt, your payment history, inquiries, and I can't stand that. Um, utilization. It does not fully see your current financial stress, shrinking income, cash shortages, or risk spending behavior. AI underwriting solves this problem for lenders. And so that's another reason why I know that that Clarity bill is going to kick in because anytime you're solving a problem for the big dog, okay? You know what I'm saying? It just makes sense. So, um, like with the three credit bureaus, like they built, of course, a billion-dollar system around basically reporting out this. And honestly, I can totally see that, Q, in the near years to come, just coming down. Like, let's bring them down a peg. Like, even, like, regardless of what happens, like, with credit repair itself, I'm like, let's finally bring them down a peg because it's not all about your scoring system. You know what I'm saying?
>> And so, um, I'm, yeah. So, let me get here. So, let's get to just the, this is not necessarily warnings, but just things to look out for, right? Because AI is it's AI, but it's not perfect. And there's always going to be stuff that you don't like about, you know, whatever. So, these are the danger signs of AI and underwriting and not necessarily danger, but just look out for it. So, AI underwriting can become financial surveillance. And so, that was one thing that I was kind of thinking about too. The system may analyze where you shop, overdraft frequency, how quickly money leaves your account, who you send money to, gambling activity, payday loans, financial stress behavior. This creates a behavior risk score. Consumers may never see these scores. So, you know how like a, um, kind of like how maybe like has like a bad score that you don't get to see. So AI will keep things for this eventually because, you know, once AI learns you and learns your behavior, it's going to keep that information, and that's going to be a part of the whole risk factor. So, I mean, if nothing else, this will challenge, you know, people like with your, with your bank accounts and things like that. You know, just to kind of keep things as tidy as you possibly can. I, I mean, honestly, I ain't mad at the tradeoff if it gives me a chance to say, hey, I got a 520 credit score, but I still was able to buy this $500,000 house with a loan. So, I mean, yeah. So, anyway, and then it's always like the old-fashioned way, like you have multiple accounts, and you know, whatever account that you're using when you're applying for XYZ, use that account. I mean, that might work, right? Don't you think?
>> Yeah, man. So, guys, it's time now to get your financials in order because by the time this rolled out, it's going to be a blitz for the industry, and a lot of people are not going to be prepped, you know, naturally because they are going off an old scoring model. It's time to get your business in order right now because when they do change over to this new landscape, they're going to go back months ahead to basically rearrange your score for it to have a little bit more clarity and transparency in terms of accuracy. So, it's time for you to get your financials right. Make sure you don't have any bank overdrafts. Make sure that you are not overleveraging yourself. Make sure that you're not making stupid purchases. Make sure that you have a positive bank statement when it comes to your monthly expenses, and just make sure that you're just being, uh, as smart as possible because the whole digital landscape in terms of finances isn't going to get smart overnight. So, it's time for us as consumers to get smart so when they come to rearrange and change everything, we're already ahead of the game. We are already ready for them.
So, and you only learning from the credit game, Miss Tina, and Credit Coach Q. So guys, make sure you like and subscribe to this channel. If you found any of this information helpful, make sure you like and subscribe to it. If you have any credit challenges, whether it's collections, charge-offs, late payments. If you want to do it yourself and you want to actually use the AI-driven software, go to mycreditapproved.com. The link will be in the description, or you can type "credit repair" in the comment section, and me and Miss Tina will help you actually navigate through the credit repair process. Now, if you want a professional to do it, the best professional in my opinion, go to Miss Tina Talks Credit YouTube channel. Make sure you like and subscribe to her video as well. And make sure you drop a comment in her description, and her staff will put you in the game, guys. She is one of the best, if not the best. I think she's the best. I know everybody. I know all the top credit gurus, and she is smoking every last one of them. I said as humbly as I possibly can. So, if you need any credit repair, don't forget to drop "credit repair" in the comment section or go to Miss Tina Talks Credit page and make sure that you drop a comment or let her know personally. Follow the prompts in the description, and her and her staff will put you on board. Don't forget to like this video if you found this information helpful. If you feel like you're ahead of the game, then leave us a like, man. It's free. But before we get out, did you have anything else to say, Miss Tina?
>> Um, I will say this, and this is what I put in my notes to say, so I have to say this now. Your old credit world, your score determines your future. And so, this was real big to me because I've been living it for like 20 years doing credit repair where, like I said, I'm real big on your past dictating your future. And there's a story behind that, too. But, um, so AI, the new AI, credit world, she says, "Your financial behavior determines your future." So, if you've got any foolishness going on, I understand you coming on hard times. I totally get there. I've been there myself. Some stuff you can't really help right now as far as finances go. But if you're not on hard times and you got some foolishness going on with your finances, I mean, this is a strong urge for me, um, to just go ahead and start pulling that in and getting your stuff together. If you got bad habits, bad spending habits, just start reigning that stuff in. I'm telling you now, with the economy the way that it is and with AI coming in, I'm not saying it's to scare you, but let's just get it together as best as we can get it together so that we're not, we're not suffering. Okay. So, that, that's all I want.
>> Amen. That's a word, sis. That's a word. Yes. All right. So, you heard, you heard it here first. Get your financial, get your finances in order. If you need any credit repair, put in the comment section, "credit repair," and we will help you out, guys. Until next time, get your credit. Take care of yourself. We're a computer.