{"id":10270,"date":"2017-05-05T11:27:37","date_gmt":"2017-05-05T15:27:37","guid":{"rendered":"https:\/\/www.duck9.com\/?p=10270"},"modified":"2017-05-05T21:44:34","modified_gmt":"2017-05-06T01:44:34","slug":"ceo-of-duck9-larry-chiang-sells-you-21-details-people-get-wrong-or-miss-completely-in-mentoringa17yearold-on-how-to-get-credit","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/ceo-of-duck9-larry-chiang-sells-you-21-details-people-get-wrong-or-miss-completely-in-mentoringa17yearold-on-how-to-get-credit\/","title":{"rendered":"CEO of Duck9, Larry Chiang, Sells You 21 Details People Get Wrong or MISS COMPLETELY in #Mentoringa17yearOld on HOW TO Get Credit"},"content":{"rendered":"
\n
By Larry Chiang<\/div>\n
\n<\/div>\n
<\/div>\n
\n

The internet provides a lot of gossip, innuendo and urban myths on how the credit system works. I’m reading from the book<\/i> of “Fair Credit Reporting Act”. It’s a 300 page USA law.<\/p>\n

Nothing can really prepare you for the wild ride that is “Mentoring a 17 year old on credit score establishment”, so strap in because 90+% of your 17 year old friend are gonna get tossed from this roller coaster. Yup, casualties.<\/p>\n<\/div>\n

<\/div>\n
\"image1.JPG\"<\/div>\n
I travel with this guy as my comfort and support animal. Why!? There’s credit death, credit default, chargeoff bankruptcy, & credit score pain everywhere I look. Avoid chargeoffs and duck credit code 9.
\n<\/span><\/p>\n\n\n\n\n
<\/span><\/td>\nCEO of Duck9, Larry (@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n
\n
5\/5\/17, 7:43 AM<\/span><\/a><\/div>\n
21 Details People Get Wrong or MISS COMPLETELY in #Mentoringa17yearOld<\/a> on HOW TO Get Credit pic.twitter.com\/5fp0Ntt0LN<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n
<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
\n
5\/5\/17, 7:54 AM<\/span><\/a><\/div>\n
1\/ The “get added as an authorized user” gambit. I don’t like this on a dozen++ levels. *largest urban myth* = name. on. a. credit. card. twitter.com\/6502838008\/sta\u2026<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n\n\n\n\n
<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
\n
5\/5\/17, 8:01 AM<\/span><\/a><\/div>\n
2\/ “Try getting added to your parents car loan.”
\nReality: Majority of people do not have a rich parent. Plus, there’s risk… twitter.com\/6502838008\/sta\u2026<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\nThe first 2 tips are free here. <\/span><\/p>\n<\/div>\n\n\n\n\n
<\/span><\/td>\nCEO of Duck9, Larry (@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n
\n
5\/5\/17, 7:43 AM<\/span><\/a><\/div>\n
21 Details People Get Wrong or MISS COMPLETELY in #Mentoringa17yearOld<\/a> on HOW TO Get Credit pic.twitter.com\/5fp0Ntt0LN<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"image3.JPG\"<\/p>\n

3\/ “Try getting a credit card and paying it off monthly.”<\/span><\/p>\n

Reality: Super majority of people get turned down within 48 hrs of 1st applying. <\/span><\/p>\n

 <\/span><\/p>\n

\"image2.JPG\"
\n<\/span><\/p>\n

4\/ “The super majority of credit advice is for management or\/and damage control.” Almost zero content exists to address zero to 1 (hundred)<\/span><\/p>\n

 <\/span><\/p>\n

\"image5.JPG\"
\n<\/span><\/p>\n

I love living in a town where people are networked<\/span><\/p>\n

 <\/span><\/p>\n

\"image4.JPG\"
\n<\/span><\/p>\n

Email me. Lawrence.chiang+sxsw@gmail.com<\/a><\/span><\/p>\n<\/div>\n<\/div>\n

\n

Hack Your Credit FICO Score as a Stanford CS Majorhttps:\/\/t.co\/pjM9gnEgOU<\/a><\/p>\n

\u2014 Larry Chiang (@LarryChiang) July 9, 2016<\/a><\/p><\/blockquote>\n