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What Happens to My FICO When a $200 Cell Phone Isn’t Paid

by Larry Chiang on November 7, 2013

By Larry Chiang How much does a $310 cellphone collection hurt u?! About 90 points. This is what industry insiders call a charge-off (Yes, they just inflated it, I’m so sorry I’m not sorry) If / when you pay, pay the cellphone company directly. Not their wholly owned subsidiary. Not their partially owned subsidiary. Pay the cellphone directly with a paper check (non money order. Non cashier check) Paper check with your name Paper check must include cell phone company name Paper check must include cellphone account number in the memo. Fail to heed every morsel of my wisdom will have super duper negatory consequences Photocopy paper check Be ready to lick 3 self adhesive stamps Show them to bureaus (Experian Equifax Trans Union) with paper disputes between Nov 29 and Dec 30 (they are short staffed, the credit bureaus are 🙂 Bujajaajaa Buhahaahaaahaaa (evil laugh) The USPS is the bureaus Achilles heel Quora, email, phone, search engines and websites are the big bad bureaus friend. I’m your friend. So is the USPS. Failure to heed every morsel of my wisdom will have dire negative consequences. ENGR145’s Anchor Concept: Lemonade and Gua Gua Guacamole It moves you to the right on the entrepreneur bell curve CEO of Duck9 Stanford University Entrepreneur in Residence, Emeritus 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 11-11-14 52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering Emergency swings and cutting deals as an 9 year old ########## Duck9 is part of UCMS Inc. 630-705-5555

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