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0:00can I borrow $100
0:01I'll pay you back in a month
0:02wait can I also get that too sure
0:03here's 100 bucks for both of you
0:05one month later
0:06I can't pay that $100 back just yet
0:08I'm gonna miss this payment
0:09here's my payment
0:10thanks to the man in the hat
0:12we're gonna lower your credit score
0:13since you missed the payment one year later
0:15I'd like to buy a house
0:16can you tell me what my monthly payments
0:18gonna be on a 30 year mortgage
0:19twenty five
0:20fifty a month
0:20which includes interest
0:22I'd like that same mortgage how much for me
0:24twenty one
0:24forty seven a month
0:25whoa whoa
0:26why is his payment so much lower
0:27that man over there is a trusted borrower
0:29because he returns his payments on time so
0:31I don't have to charge him as much in interest
0:33what he said
0:33over the course of this mortgage
0:35I'm gonna pay $137,000 less in interest
0:37thanks to my good credit
0:38sorry man
0:39that's alright
0:39I should have followed him way earlier
