Welcome to The Electric Current Rundown Podcast, episode number 38.

And I’m your host, Phil Defiance, and I’ll always say I’m here to encourage the spread of intriguing knowledge that can spark fires in the minds of those seeking inspiration and truly improving the world.

And what I’m going to be talking about in this episode includes how to build up your credit score and get a better interest rate on your credit card.

From my own personal experiences, I just want to talk about a how-to subject, and that’s what came to my mind.

Also, I’m going to talk about a topic from my girlfriend, Haunted Mansion Movie, like the Haunted Mansion Movie from Disney, the original versus the remake, and even modern movies versus the past.

So, I mean, actually, yeah, my girlfriend gave me a couple ideas on some topics.

So every week or second week, I’m going to have topics like this because why not?

Add something in from my girlfriend’s mind because I love her.

But either way, okay, so now, on this how to right here, I mean, it’s based on my own personal experiences.

Yeah, how to build up your credit score and get a better interest rate on your credit card.

And this dates back to about 10 years ago when I first got a credit card, maybe 12 or 14 years ago, something like that.

And what happened was that, like when I first started using it, I had like a credit limit of like $500.

And yeah, I mean, obviously, if you’re an American, I mean, that’s more like $350 in USD.

So I mean, just putting into context.

But I mean, OK, so like, I mean, as a new credit card owner, I was trying to figure out, like, I mean, why not increase my credit limit?

I mean, how do I do that?

And how do I get a better credit score in general?

And so, like, I mean, when I was new into that whole thing, I mean, I was trying to figure that out.

And I even, like, made a phone call to my bank, which was Royal Bank of Canada, RBC.

That’s what they’re known as.

I mean, usually people call them RBC.

And so, like, I mean, I made a phone call, like, back then.

And I was, like, trying to figure it out.

I was, like, asking, like, I like, I mean, if I do want to hire credit limit in the future, and if I want to hire credit score, like, how do I do that?

And the guy basically offered me no information, like, barely anything, barely anything of any value.

And so, like, I mean, I made my own assumption.

I even asked the guy about it.

And I was, like, so, like, I mean, what happens if I keep, like, buying things with this credit card, and then I keep paying it back, like, frequently and on time, and I even pay more than I’m supposed to.

And then I’m, like, if I do that, will my credit score increase, and will my credit limit increase?

And the guy basically told me, like, I can’t guarantee that.

I’m not sure.

I don’t know if that’s how it works.

So, like, I mean, it’s hilarious, because actually what I ended up doing was just that, and I paid back my, like, debts on the credit card, like, on time, and I paid more than I was supposed to.

And, well, I mean, okay, so I’m just going to continue on on that topic, in a moment right after this quick break.

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But either way, I mean, so like what ended up happening was that I was doing that, right?

Just like that.

I mean, like actually, what I was doing was like, sure, I’d spend like, I mean, on a five hundred dollar credit limit.

I would spend like maybe three, four hundred dollars, go close to the credit limit by the end of the month.

And then, boom, what did I do?

I paid it all back, went right back down to zero dollars.

Zero is what I owed after I did that payment.

And guess what?

Over the course of like maybe seven years, they ended up boosting my credit score like significantly.

Like they went from five hundred to one thousand to fifteen hundred to two thousand to twenty five hundred to four thousand to five thousand to seven thousand to ten thousand to twelve thousand to fifteen thousand dollars credit limit.

It’s because I kept on doing that.

And like, I mean, the bank guy literally told me, Oh, that’s not how it works.

I don’t think so.

Uh huh.

Ass.

Oh, I shouldn’t.

I’m not trying to swear here.

So but like, I mean, you see what I’m saying?

I mean, so like, I mean, it’s actually hilarious to I mean, just think about it.

Like when you’re like younger and you’re in the school system and like, I mean, what do they teach you?

They should be teaching you this kind of thing.

They don’t.

There’s a reason for that.

They don’t want you to succeed because you could use credit as a tool to like make your life easier, especially if you’re smart about it and you actually pay it back.

I mean, yeah, paying it back increases your credit score, which also is a really good thing.

And just like that.

But like on top of that, I mean, why would you want to open money?

Because I mean, with those interest rates, the next thing you know, I mean, right now, it looks like you owe a thousand dollars.

But if you keep it back slowly, you’re going to end up spending like fifteen hundred dollars to pay it back.

If you spend a few years doing it or something like that, I mean, you’re going to spend more because of that interest rate.

So, I mean, it’s to your advantage to pay it back quickly too.

I mean, yeah, it comes in handy when you don’t got the money to go ahead and use a credit card.

But you should be paying it back because then you won’t be spending so much on those interest rates too.

So, that’s the other aspect of that.

And you know, like, I mean, the bank doesn’t want you to know that kind of information.

I mean, literally, what I was just referencing from like about 12 years ago or so or maybe 14, something like that, like the guy literally told me that he doesn’t think that that’s the way it works.

Well, guess what?

He was wrong.

And I think he was lying to me.

And I’m sure that it’s not just that one guy.

I’m sure it wasn’t just an isolated incident.

I’m sure that most people, when they make such phone calls to their bank and ask for information like that, most the bank people that they talk to are literally going to lie to them.

And why is that?

Probably, because they’re higher ups.

Their management told them not to educate people on how it works, because it’s not in the bank’s interests.

They’re not trying to help you.

They just want to make money off you, any way that they can, whether you owe them $10,000 or just $500.

Either way, they want to make as much money off you as possible.

I mean, they are a business, and they’re in the business of taking money from you.

So they don’t want you to know about tricks like that.

And that’s just what it comes down to.

The same thing with the government.

It’s really a game system.

And so, I mean, you should know these kinds of things.

I mean, if you’re not so good on your credit right now, you should think about that.

I mean, pay it back quickly, and then they’re going to boost your credit score, boost your credit limit.

And next thing you know, you’re going to have the advantages of that.

And plus, on top of that, you’re not going to be spending all this money, like paying it back on the interest fees.

So, I mean, it’s just like a bunch of good things right there.

I just showed you.

And these are from my own experiences.

Okay.

I mean, so, I’m going to switch topics to that other topic I mentioned.

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But okay, so I mean, switching topics.

I’m going to go to this topic from my girlfriend on the Haunted Mansion movie from Disney, the original versus the remake, and even modern movies versus the past.

I mean, I’m going to talk about it.

Some of that right here at the end of this episode.

And I’m going to finish off on that on the next episode.

But either way, I mean, okay, so I mean, it’s all about this movie, The Haunted Mansion from Disney.

Well, I mean, they made it an original, like about like 20 years ago, like around the year 2000.

So like 25 years ago, maybe 22 years ago, 2003, it was something like that.

Or maybe 1999, something like that, around 20, 25 years ago.

And I mean, the original had Eddie Murphy in it.

I mean, that guy’s generally a legend either way.

I mean, he’s been in so many good movies.

And you know, that original movie was actually really good.

I mean, really, really good.

I mean, thinking about it too, I mean, we’re in February right now.

And like, I mean, just thinking about that, I mean, there’s also October, that’s Halloween, but they make a lot of horror type movies around February as well.

I mean, OK, this isn’t like one of those like crazy horror movies, like the movie Saw or like the Chainsaw Massacre one.

It’s not like blood everywhere.

It’s just pure fear.

Yeah, it’s got some comedy and some fun in it, too.

Entertainment value and all that stuff.

Well, I mean, that’s what it is.

But either way, I mean, it’s still kind of like a horror type thing, but with like a entertaining, fun, funny type twist to it.

And so like, I mean, that original that was made about like 25 years ago or 20 years ago, that movie was actually really, really good.

But then they made a remake around like, I think it was last year or maybe 2023.

And that thing was like ridiculous.

I heard they spent like 200 million dollars on it or 150 million dollars, something like that.

And it’s like it was like a horrible remake.

It was disturbingly awful.

But OK, I’m going to finish off on that topic on my next episode either way, because now this episode is done.

And yeah, that’s the end of episode number 38 with me, your host, Phil Defiance of The Electric Current Rundown.

And I’ll always say I’m here to encourage the spread of intriguing knowledge that can spark fires in the minds of those seeking inspiration and truly improving the world.

And till next time, have a good one.