{"id":6414,"date":"2015-11-16T13:09:53","date_gmt":"2015-11-16T17:09:53","guid":{"rendered":"https:\/\/www.duck9.com\/?p=6414"},"modified":"2015-11-17T11:13:29","modified_gmt":"2015-11-17T15:13:29","slug":"duck9-letters-of-explanation-structure","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/duck9-letters-of-explanation-structure\/","title":{"rendered":"Duck9 &#8220;Letters of Explanation (Structure, Protocol)&#8221;"},"content":{"rendered":"<p><strong>Larry Chiang &#8216;edited&#8217; the &#8220;2+2 MBA&#8221;. It&#8217;s the early admit, MBA program at GSB-HBS. He encourages CS majors to cram MBA knowledge into their brain before &#8220;2+1&#8221;. &#8216;1&#8217; because you wanna be like CS major, Jeremy Stoppelman, and redacted after year 1 at HBS. The <a href=\"https:\/\/twitter.com\/hashtag\/csmajorCRO?src=hash\" target=\"_blank\">#CSmajorCRO<\/a> skills. For example,<a href=\"https:\/\/gigaom.com\/2008\/01\/17\/9-things-stanford-b-school-wont-teach-you\/\" target=\"_blank\"> months-and-months<\/a> of pre launch promotions paid off on 09-09-09. <a href=\"https:\/\/www.amazon.com\/What-Teach-Stanford-Business-School\/dp\/0615301487\/\" target=\"_blank\">What They Don&#8217;t Teach You At Stanford Business School<\/a> hit as a sequel to, \u201c<a href=\"https:\/\/www.amazon.com\/What-Teach-Harvard-Business-School\/dp\/0553345834\" target=\"_blank\">What They Don\u2019t Teach You at Harvard Business School<\/a>&#8220;. Stanford Engineering liked it enough to bring the street smart concept into the fold at <a href=\"https:\/\/twitter.com\/hashtag\/ENGR145?src=hash\" target=\"_blank\">#ENGR145<\/a>. Startup your FICO score by &#8216;editing your credit report&#8217;.<br \/>\n<\/strong><\/p>\n<table style=\"height: 155px;\" width=\"156\" cellpadding=\"10\" align=\"left\">\n<tbody>\n<tr>\n<td width=\"100\"><span class=\"embed-youtube\"><iframe loading=\"lazy\" class=\"youtube-player\" src=\"https:\/\/www.youtube.com\/embed\/QXIaNZi3mHQ?version=3&amp;rel=1&amp;fs=1&amp;showsearch=0&amp;showinfo=1&amp;iv_load_policy=1&amp;wmode=transparent\" width=\"260\" height=\"183\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/span><br \/>\nNew York Fashion Week will be Sept 9-19, 2016.<br \/>\n&#8212; Larry Chiang<br \/>\nCEO, Duck9<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>By Larry Chiang<\/p>\n<div>\n<div><\/div>\n<div>A &#8220;9&#8221; is a chargeoff. A charge-off is a turd that won&#8217;t discharge and flush away.<\/div>\n<div><\/div>\n<div>Obviously, you want to avoid and duck getting this type of credit derogatory. Duck 9&#8217;s.<\/div>\n<div><\/div>\n<div><img decoding=\"async\" id=\"D15D41D4-801F-4F9D-9FCA-B8E81185357E\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2015\/11\/image112.jpg\" alt=\"image1.JPG\" \/><\/div>\n<div>Get it, duck 9&#8217;s. SO YOU DONT GET &#8220;DENIED&#8221;.<\/div>\n<div><\/div>\n<div>\n<p>Anyway, you have a credit code &#8220;9&#8221; and now you need to execute protocol &#8220;#bcsEUTWM9&#8221;.\u00a0<span style=\"background-color: rgba(255, 255, 255, 0);\">\u00a0<a href=\"https:\/\/twitter.com\/search?q=%23bcsEUTWM&amp;src=hash\">#bcsEUTWM9<\/a>\u00a0is the protocol of writing a Letter of Explanation. This letter helps you get rid of the big stinker on your credit report.\u00a0<\/span><\/p>\n<table style=\"border: 1px solid black; padding: 8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" style=\"width: 48px; height: 48px; padding-right: 8px;\" src=\"https:\/\/pbs.twimg.com\/profile_images\/613751289587957760\/ZN0VKUOa_normal.jpg\" alt=\"\" \/><\/td>\n<td><b>Larry Chiang (<a href=\"https:\/\/twitter.com\/larrychiang?refsrc=email&amp;s=11\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/666292829610610688?refsrc=email&amp;s=11\">11\/16\/15, 8:32 AM<\/a><\/div>\n<div>credit report derrogatory addendum letters of explanation <a href=\"https:\/\/twitter.com\/search?q=%23bcsEUTWM&amp;src=hash\">#bcsEUTWM<\/a> <a href=\"https:\/\/t.co\/fVv0rAWgzx\">firsttuesday.us\/course\/Downloa\u2026<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/twitter.com\/download?ref_src=MailTweet-iOS\">Download<\/a> the Twitter app. See <span style=\"background-color: rgba(255, 255, 255, 0);\">\u00a0<a href=\"https:\/\/twitter.com\/search?q=%23bcsEUTWM&amp;src=hash\">#bcsEUTWM<\/a><\/span><\/p>\n<\/div>\n<div>\n<div>1. What specific mishap<\/div>\n<div>2. What happened?<\/div>\n<div>3. How did you address the issue?<\/div>\n<div>4. what steps have you taken?<\/div>\n<div>5. How to ensure that it doesnt happen again?<\/div>\n<\/div>\n<div><\/div>\n<div><img decoding=\"async\" id=\"5BD2E031-BC59-4A29-BD99-D36DEC8794D5\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2015\/11\/image24.jpg\" alt=\"image2.JPG\" \/><\/div>\n<div>[This blog post is structure only. :-]<\/div>\n<div><\/div>\n<div><img decoding=\"async\" id=\"91130770-BF79-4771-B9B4-97DF68C82417\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2015\/11\/image31.jpg\" alt=\"image3.JPG\" \/><\/div>\n<div><\/div>\n<div>Each\u00a0<span style=\"color: #000000;\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/twitter.com\/search?q=%23bcsEUTWM&amp;src=hash\">#bcsEUTWM9<\/a>\u00a0is slightly different. Each <i>Letter of Explanation\u00a0<\/i><\/span><\/span><\/div>\n<div>is<\/div>\n<div>\/1\/ your specific credit report mishap<\/div>\n<div>\/2\/ your derogatory.<\/div>\n<div>\/3\/ how you addressed the issue.<\/div>\n<div>4\/ the steps you took<\/div>\n<div>\/5\/ What are you doing to ensure it won&#8217;t hurt the future credit obligation.<\/div>\n<div>\n<div>Pro tip: tip a mortgage pro a $100 gift card. Then ask them to voluntarily pen a\u00a0<i style=\"background-color: rgba(255, 255, 255, 0);\">Letter of Explanation\u00a0<\/i><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">Holy Mary and Joseph&#8230;, that&#8217;s all they do is water down and mitigate bad credit report items.\u00a0<\/span><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">\u00a0<\/span><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">Right now your credit report looks like a piece of turd (if your FICO score is below 800). I saw at y-Combinator&#8217;s, Stanford University&#8217;s event, this phrase that applies:<\/span><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">&#8220;Polish Up Your Turds&#8221;<\/span><\/div>\n<div><img decoding=\"async\" id=\"E1BE4F3D-84C2-4240-91CD-B91D99025CEC\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2015\/11\/image4.png\" alt=\"image4.PNG\" \/><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">Polishing Up Your Turds. Getting super rich.\u00a0<\/span><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\">\u00a0<\/span><\/div>\n<div><img decoding=\"async\" id=\"51695970-593B-4F79-A64F-4CC42050F6F9\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2015\/11\/image5.png\" alt=\"image5.PNG\" \/><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\"><span style=\"-webkit-tap-highlight-color: rgba(0, 0, 0, 0);\">We are from the Midwest:\u00a0<\/span>Polishing Up Your Turd Experian Trans Union &amp; Equifax report and getting approved for your loan.\u00a0<span style=\"-webkit-tap-highlight-color: rgba(0, 0, 0, 0);\"><br \/>\n<\/span><\/span><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Letter of Explanation. credit report derrogatory addendum letters of explanation. <a href=\"https:\/\/twitter.com\/hashtag\/bcsEUTWM?src=hash\">#bcsEUTWM<\/a> <a href=\"https:\/\/t.co\/dki4fG6G7P\">https:\/\/t.co\/dki4fG6G7P<\/a><\/p>\n<p>\u2014 Larry Chiang (@LarryChiang) <a href=\"https:\/\/twitter.com\/LarryChiang\/status\/666293341072416768\">November 16, 2015<\/a><\/p><\/blockquote>\n<p><script src=\"\/\/platform.twitter.com\/widgets.js\" async=\"\" charset=\"utf-8\"><\/script><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Larry Chiang &#8216;edited&#8217; the &#8220;2+2 MBA&#8221;. It&#8217;s the early admit, MBA program at GSB-HBS. He encourages CS majors to cram MBA knowledge into their brain before &#8220;2+1&#8221;. &#8216;1&#8217; because you wanna be like CS major, Jeremy Stoppelman, and redacted after year 1 at HBS. The #CSmajorCRO skills. For example, months-and-months of pre launch promotions paid [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-6414","post","type-post","status-publish","format-standard","hentry","category-deep-underground-credit-knowledge-via-subroutines"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/6414","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=6414"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/6414\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=6414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=6414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=6414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}