You’d have to be nuts to do this challenge.
In this episode of Ridiculous Lessons in Money, three ordinary contestants are taken on a fiery food journey with a cash prize at the end. The catch? They have to become credit pros… & have stomachs of steel.
What is Ridiculous Lessons in Money?
You know the saying, “If you can master something while eating spicy nuts, you can master anything?” (Yeah, we know it’s not a saying, but we’re hoping it’ll catch on…)
This week on Ridiculous Lessons in Money, the “fintertainment” show where everyday people attempt to learn about money while simultaneously doing extreme challenges, our host Jeff Capanelli, & guest expert Maria Spends (@mariaspends, 18.1K followers on TikTok) take our contestants through the five factors that make up their credit score. However, they only get the deets if they can get down five levels of spicy peanuts. It’s a high risk, high reward situation where the contestant who can handle the spiciest nuts gets the advantage in the credit score quiz… & wins the cash!
Who are this week’s contestants? Meet (from left to right)…
Jack: Plumber. Period.
Jeff: Host? Question mark?
Antoinelle: She calls herself a “part-time, full-time actor who also works in the hospital.”
C.K.: Quit her job to teach Minecraft.
Think you can remember more finance facts than these guys? During the pop quiz, pause the vid & see how your answers stack up! Ready to watch and play along?
STUDY GUIDE
This episode covers the following topics:
What are the 5 factors that go into your credit score?
What percentage of your FICO credit score is made up of your payment history?
What does your payment history measure?
What is credit utilization?
What percentage of your FICO credit score is made up of credit utilization?
What all is taken into account to determine your credit history?
What percentage of your FICO credit score is made up of length of credit history?
What can lengthen & shorten your credit history?
What does “credit mix” mean & why is it valuable?
What percentage of your FICO credit score is made up of your credit mix?
Why can opening up new credit be risky for your credit score?
What percentage of your FICO credit score is made up of new credit?
How many answers were you able to get correct?
All this talk about credit have you curious about how to improve your credit score? Consider credit building options with help from MoneyLion:
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