{"id":1953,"date":"2013-12-29T15:40:27","date_gmt":"2013-12-29T19:40:27","guid":{"rendered":"https:\/\/www.duck9.com\/?p=1953"},"modified":"2013-12-29T15:48:54","modified_gmt":"2013-12-29T19:48:54","slug":"credit-countermeasures-to-avoid-homelessness-as-an-18-1-year-old","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/credit-countermeasures-to-avoid-homelessness-as-an-18-1-year-old\/","title":{"rendered":"Credit Countermeasures to Avoid Homelessness as an 18.1 Year Old"},"content":{"rendered":"
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By Larry Chiang <\/div>\n
<\/div>\n
I read<\/div>\n
<\/p>\n\n\n\n\n
<\/td>\nRamit Sethi (@ramit<\/a>)<\/b><\/td>\n<\/tr>\n
\n
12\/18\/13, 2:15 PM<\/a><\/div>\n
Very interesting. Short read: “Thoughts from a homeless guy now that I’m back on my feet.” ow.ly\/rNwi3<\/span><\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Download the official Larry Chiang YouTube channel at YouTube Re ENGR145’s <\/div>\n

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<\/div>\n
<\/a><\/div>\n
<\/div>\n
Please post the body of the Craig’s List content in the comments please<\/div>\n
<\/div>\n
####  Credit countermeasure #1\/ ##<\/div>\n
<\/div>\n
There are people that use Craig’s List to systematize getting free rent. <\/div>\n
<\/div>\n
It is the “Lever the 18.1 year old with-virgin-credit maneuver”. This sad pattern I recognize works like this:<\/div>\n
1) place ad asking for roommate<\/div>\n
2- get roommate<\/div>\n
3) switch lease to new roomie<\/div>\n
4\/ slowly default and know it takes 120 days to evict (or more)<\/div>\n
5\/ live rent free<\/div>\n
6) Repeat. <\/div>\n
<\/div>\n
Lease agreement switched to the new roommate keeps one “on the hook” <\/div>\n
<\/div>\n
Do you want to be on the hook<\/div>\n
<\/div>\n
### Counter #2 ###<\/div>\n
<\/div>\n
Run credit reports and pays stubs on your new roommate(s)<\/div>\n
<\/div>\n
Your credit score forms a symbiotic bond with so many things <\/div>\n
Please bond with my free blog posts. <\/div>\n
<\/div>\n
## Credit countermeasure THREE ##<\/span><\/div>\n

<\/span><\/div>\n
“I’ve a brick in my check”<\/span><\/div>\n

<\/span><\/div>\n
Wage garnishment is tough. It isn’t a deathnell, but it is tough. You’re going to have a augment the negative information with positive information. <\/span><\/div>\n

<\/span><\/div>\n
Treat the brick in your check as an F in school<\/span><\/div>\n

<\/span><\/div>\n
Now, you’re gonna need 24 A’s to water down the damage of an F<\/span><\/div>\n

<\/span><\/div>\n
##  Credit countermeasure #4 ##<\/span><\/div>\n

<\/span><\/div>\n
Make small on time payments to an entity that reports to<\/span><\/div>\n
– Trans Union<\/span><\/div>\n
– Equifax<\/span><\/div>\n
– Experian<\/span><\/div>\n

<\/span><\/div>\n
Charge 14\/15 bucks<\/span><\/div>\n
Pay it off<\/span><\/div>\n
Do it every month<\/span><\/div>\n
Do it for 24 months<\/span><\/div>\n

<\/span><\/div>\n
## Credit countermeasure 5 ##<\/span><\/div>\n

<\/span><\/div>\n
Get a super low credit line if you don’t trust yourself <\/span><\/div>\n

<\/span><\/div>\n
## Credit countermeasure #6 ##<\/span><\/div>\n

<\/span><\/div>\n
The Amex serve pre paid seems good. <\/span><\/div>\n

<\/span><\/div>\n
##  Credit countermeasure #7 ##<\/span><\/div>\n

<\/span><\/div>\n
Credit makes you realize money is a horrible master but a wonderful servant. Since you have zero money, make credit your semi-servant. <\/span><\/div>\n

<\/span><\/div>\n
Credit scores are pretty static. This means they don’t change that much<\/span><\/div>\n

<\/span><\/div>\n
Once it is good, it stays good<\/span><\/div>\n
Once it goes bad, it is hard SUPER hard to fix<\/span><\/div>\n

<\/span><\/div>\n
Forward engineer your credit card credit score<\/span><\/div>\n

<\/span><\/div>\n
Reverse engineering is hard<\/span><\/div>\n
Fixing credit is hard<\/span><\/div>\n
(Credit) Virgins have it toughest <\/span><\/div>\n

<\/span><\/div>\n
High credit scores are sexy<\/span><\/div>\n
<\/div>\n
Read Chris Peacock’s stuff on money and credit on CNN Money<\/div>\n
<\/a><\/div>\n
<\/div>\n
CEO of Duck9<\/div>\n
Stanford University Entrepreneur in Residence, Emeritus<\/div>\n
<\/div>\n
Duck9 = “Deep Underground Credit Knowledge” 9<\/div>\n
125 University Avenue\/ 100<\/div>\n
Palo Alto CA 94301<\/div>\n
https:\/\/www.duck9.com\/ass<\/a><\/a><\/div>\n
650-566-9600<\/div>\n
650-566-9696 (direct)<\/div>\n
650-283-8008 (cell)<\/div>\n
<\/div>\n
****************<\/div>\n
Editor of the BusinessWeek Channel “What They Don’t Teach at Business School”<\/div>\n
https:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog<\/a><\/a><\/div>\n
CNN Video Channel: https:\/\/ireport.cnn.com\/people\/larrychiang<\/a><\/a><\/div>\n
<\/div>\n
Read my last 10 tweets at https:\/\/www.Twitter.com\/LarryChiang<\/a><\/a><\/div>\n
<\/div>\n
Author, NY Times Bestseller<\/div>\n
https:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog\/?s=Ny+times+bestseller<\/a><\/a><\/div>\n
<\/div>\n
“What They Will NEVER Teach You at Stanford Business School” comes out 11-11-14<\/div>\n
<\/div>\n
https:\/\/www.fastcompany.com\/embed\/c0d4562ea2049<\/a><\/a><\/div>\n
<\/div>\n
52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering<\/div>\n
<\/a><\/div>\n
<\/div>\n
Emergency swings and cutting deals as an 9 year old<\/div>\n
<\/div>\n
<\/a><\/div>\n
<\/div>\n
##########<\/div>\n
Duck9 is part of UCMS Inc.<\/div>\n
https:\/\/www.ucms.com<\/a><\/a><\/div>\n
630-705-5555<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang  I read Ramit Sethi (@ramit) 12\/18\/13, 2:15 PM Very interesting. Short read: “Thoughts from a homeless guy now that I’m back on my feet.” ow.ly\/rNwi3 Download the official Larry Chiang YouTube channel at YouTube Re ENGR145’s  Please post the body of the Craig’s List content in the comments please ####  Credit countermeasure #1\/ […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1953","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/1953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=1953"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/1953\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=1953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=1953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=1953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}