A guy walked into a Chase bank branch ready to close his checking account after 15 years.
He was getting denied for apartments. Rejected for a basic auto loan. Quoted $250/mo for car insurance.
He had never missed a payment. Paid his credit card off in full every month. Used a budgeting app. Nothing worked.
His credit score was stuck at 612.
He filled out the account closure form and slid it across the desk: "I'm just going to use cash from now on. The system is rigged."
The banker looked at the form, then back at his screen.
"Before you close this and tank your score another 45 points, let me show you something. Your credit isn't bad. It's misunderstood. There is a hidden behavioral algorithm punishing you for doing exactly what your parents taught you. The credit bureaus won't tell you this because they make billions selling your data to lenders. Let's fix it."
Here's what he showed him in the next 11 minutes:
@KySportsRadio I work out were their truck was and I stopped by after your recommendation. I ate there once a week after that. I'll definitely stop by the new spot. And everything Matt mentioned on the menu is fantastic!