How does this work?
I do actually like some of the concepts on the show, but there are several things that confuse me and seem like their own advice backfires.
How do phones work in the US? In Canada, I pay for my phone monthly (phone purchased in cash) but it is still considered revolving credit and shows up on a credit report. Do they assume everyone is using prepaid cards? Are phones not revolving credit in the US?
Today they were talking about manual underwriting which I didn't know much about. When they went through the criteria, they mentioned that you have to have the same employment for at least 2 years. Yet it seems like almost every call their first advice is go get a better paying job. Maybe they assume the benefits of a better paying job outweigh the wait for a mortgage. It just seems a little contradictory.