By Larry Chiang
Paying $0.39 via a paper check when you owe zero is a credit score hack.
Owing zero and paying zero isn’t an on-time payment
Owing zero and paying zero isn’t a “1” on your credit report. 1, 1, 1…., 1 is good. 24 “1’s” is a FICO over 700 for a college student.
11:11 is my favorite time of day because of all the ones
Owing zero and paying with a paper check is an on time payment (credit code “1”. Credit code “2” is 30 days late. Credit code “3” is 60 days late. And so on until Credit code “9” which is YOU’RE A BAD DEBT
Duck the 9’s
Owing zero and paying zero is a credit code “X”
Credit reports make zero distinction between $2.00 paid on time versus $20,000.00 being paid on time
Leverage these details and set a goal to get to a FICO over 700
Undergrad, text me your name to get started. 650-283-8008
I know I’m kinda hawt, so…. No. Booty. Calls.
CEO of Duck9 Stanford University EIR (Entrepreneur in Residence)
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**************** Editor of the BusinessWeek Channel “What They Don’t Teach at Business School” https://whattheydontteachyouatstanfordbusinessschool.com/blog CNN Video Channel: https://ireport.cnn.com/people/larrychiang
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Author, NY Times Bestseller https://whattheydontteachyouatstanfordbusinessschool.com/blog/?s=Ny+times+bestseller
“What They Will NEVER Teach You at Stanford Business School” comes out 11-11-14
52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering
Emergency swings and cutting deals as an 9 year old
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