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In The Media

Delta Sigma Pi = Awesome

by Larry Chiang on April 19, 2012

9 Things Larry Chiang Mentors You and Your College Credit Card, Credit Score On (aka FICO score)

-1- Pay attn to FICO. Much more important than your GPA, your credit card FICO score determines your life’s biggest expense: INTEREST. Employers care about your credit and pull your credit report.

Don’t get mad at me the messenger. Leverage this ‘bad’ news. Don’t hide.

-2- ‘Graduate’ to a FICO over 750 w/o ever falling into credit card debt. 24 on-time payments of 20-25.oo, 24 months in a row. Charge 20. Pay 20.

-3- Your social security number must be the one that is on the hook AND LIABLE. What I mean is that if your parents co-signed, you’re not building a credit file married to your credit report

-4- Login and pay once per week. College students pay late because they forget. All y’all don’t pay late because of lack of money.

-5- Pulling your own credit report does not hurt your credit. This is a consumer inquiry. A hard “inquiry” is where a lender pulls your credit.

-6- Shop for a loan without hurting your score. Paper print out your credit report and fax it. Seriously tree killingly awesome. Take all the money u save and plant 100 sapling trees.

-7- Paper disputes. Complaints and disputes are legally defensible via US postal. Yes, you live in 1970s credit law. Never updated. True story. Via phone or email you preserve zero rights.

-8- Duck 9s 9’s are charge-offs. It’s a bad debt. It’s a loan the creditor has given up on. They kill your credit score in a bad bad way.

-9- Expect to get screwed. Have countermeasures. Half of charge-offs reported are inaccurate, so write paper letters w/a stamp. cc Experian Equifax TransUnion. Remember, you’re dealing with rules written by a co that has nomenclature based on a Chicago railroad (TU)

-10- Many colleges have students that can’t get credit. Ask your parents to put the family power bill and cell phone family plan in your social security #. void and separate of your parents

-11- We are friends now via Delta Sig. So here’s my cell: 650-283-8008. Follow me on twitter b4uCallMe

CEO of Duck9 Stanford University EIR (Entrepreneur in Residence)

Duck9 = Deep Underground Credit Knowledge 9 125 University Avenue/ 100 Palo Alto CA 94301 650-566-9600 650-566-9696 (direct) 650-283-8008 (cell)

**************** Editor of the BusinessWeek Channel “What They Don’t Teach at Business School” CNN Video Channel:

Read my last 10 tweets at

Author, NY Times Bestseller

“What They Will NEVER Teach You at Stanford Business School” comes out 11-11-12

########## Duck9 is part of UCMS Inc. 630-705-5555

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