![\"\"](\"https:\/\/www.duck9.com\/wp-content\/uploads\/2011\/05\/cropped-head-shot1.jpg\" "\\"cropped-head-shot1\\"")
<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nBy Larry Chiang<\/a><\/p>\n NFL defensive schemes have massively changed over time. So has how the NFL prepares its athletes.<\/p>\n Athletes with million dollar contracts can have horrible credit. Here are some tips, techniques, strategies and ideas for you NFL millionaires on how to get your FICO credit score over the Devil’s handicap (FICO of 666):<\/p>\n -1- Lend your money. Don’t lend your name.<\/p>\n Co-signing a loan is a sure-fire way to get a charge-off.<\/p>\n A charge-off is a bad loan. In credit industry terms, it is a ‘9’. You want to duck 9’s.<\/p>\n When you co-sign a loan, you are doing two things… lending money and lending your name. Lending money is up to you. Lending your name is a double-whammy so you should never co-sign on someone else’s loan.<\/p>\n I hear hundreds of stories of how athletes uncle’s mentored you in how to be a better line-backer when you were just 12 years old. Well, you should pay a portion of his payment but never ever co-sign their loan.<\/p>\n -2- Do Reimbursements as an Advance on Expenses<\/p>\n You have staff and those staff have expenses.<\/p>\n Have them submit expenses weekly or monthly. Offer to advance them on expenses. For example, if your advance schedule manager has about $5k of expenses per month, advance them $5.2k. This way if their expenses are 4.2k, they actually owe you money.<\/p>\n It gets your staff to never ask you for your credit card. Or it gives you a proactive countermeasure to when your staff does ask you for a credit card.<\/p>\n It gets your staff to never ask you to get a credit card in their own name. They take the $5.2k advance and park it in a debit card account or pre-paid VISA.<\/p>\n Your accountant then can go line-by line in approving expenses.<\/p>\n I had to buy my way into Capcom’s video game “Dead Rising” but it helps when I am man-charming alpha males MC Hammer told me this.<\/p>\n I know that everyone thinks he lost all his money, but he is very savvy and is doing very well now.<\/p>\n This quote is meant to emphasize delayed gratification.<\/p>\n TechCrunch August Capital – MC Hammer, Larry Chiang, Chamillionaire, Jeff Lange<\/p>\n -4- Tease<\/p>\n This is just a tease of tips. Email me from your PDA and I will give you more ideas. No, I won’t charge you. No I won’t ask you for comp tix. No I won’t ever tell anyone that I am mentoring you about your credit.<\/p>\n Remember Mr NFL superstar
\n-3- Money Missed is Not Missed Money<\/p>\n![\"TechCrunch](\"https:\/\/farm4.static.flickr.com\/3152\/2703867611_630fded00b.jpg\")
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\n1- I never blog about anyone other than myself and
\n2- I am big enough to star in a video game<\/a> too<\/p>\n