 |
Larry Chiang (@LarryChiang) |
|
QUESTION: What’s the best strategy for getting a first credit card/establishing good credit from scratch?
|
|
Answer: Your first credit application needs to be at a place where you are ~100% certain you will be approved. Getting rejected = credit death.
I recommend a checklist of items to execute along with emailing me to make sure they’re properly done
– Have you requested a copy of your credit report from #poBox105281?
– Do you have #31envelopes prepared?
– Are You near a Bank of America?
Why #poBox105281!?
Larry Chiang answer: make sure to do a consumer credit inquiry PRIOR TO a hard credit inquiry. All 3 credit bureaus can be accessed through #poBox105281
Why #31envelopes!?
USPS mail is most efficient for credit score establishment. Remember, I taught a class at an engineering school so I know about snapchat, houseparty, tinder and texting. The effen post office is how to make sure you don’t get a credit rejection. #31envelopes seems like overkill but think of it like Stanford engineering thinks about CS 183 protocol, “real world insurance”
Why Bank of America!?!
Because I laid out three real world addresses for Bank of America and they are super lenient when I text message their credit risk officers
Duck9 is a credit score prep program that is like a Kaplan or Princeton Review test preparation service. We don't teach beating the SAT, but we do get you to a higher credit FICO score using secret methods that have gotten us on TV, Congress and newspaper articles. Say hi or check out some of our free resources before you pay for a thing. You can also text the CEO:
