What They Dont Teach You At Stanford Business School

Stuff you can't learn in B-school: LARRY CHIANG

Thin File Analysis WHAT THEY DO TEACH YOU AT UNIVERSITY OF ILLINOIS’ ENGINEERING ABOUT FICO

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Unedited by Larry Chiang

College Scorecards

Cards will be issued only to one applicant. Joint cards will not be issued. The address, social security number and employer, if any, should be verified by the credit bureau.

Credit History
Applicants will probably not have any credit history. On the applications we will request a list of open credit references, such as credit cards or bank loans. We will, however, run one credit bureau on the applicant using the permanent home address or school residence. If the applicant has unacceptable credit then the application will be rejected. If no credit record is shown we will approve the application.

We will require the listing of a bank account reference on the application. It will be neccessary to have a bank account to be obtain a card. We will verify the account if we feel it is necessary for processing the application. The fact that the applicant has no stated income will not be a reason to approve or deny the application.

Student card criteria are as follows (Scorecard#3)
Bankruptcy
Repossession
Any tax lien
Foreclosure
Unpaid charge-offs
Unpaid judgments
>2 Active bank cards
>$5,000 Credit limit on cards
2 or more 30 day delinquencies in the past 6 months
2 or more 60 day delinquencies in the past 12 months
3 or more bank card inquires in the past 30 days
Non U.S. citizen

Student card criteria are as follows (Scorecard#2)
Bankruptcy
Repossession
Any tax lien
Foreclosure
Unpaid charge-offs
Unpaid judgments
>3 Active bank cards
>$7,000 Credit limit on cards
3 or more 30 day delinquencies in the past 6 months
3 or more 60 day delinquencies in the past 12 months
3 or more bank card inquiries in the past 30 days
Non U.S. citizen
Student card criteria are as follows (Scorecard#1)
Bankruptcy
Repossession
Any tax lien
Foreclosure
Unpaid charge-offs greater than $500
Unpaid judgments greater than $1000
>4 Active bank cards
>$11,000 Credit limit on cards
3 or more 30 day delinquencies in the past 6 months
4 or more 60 day delinquencies in the past 12 months
3 or more bank card inquiries in the past 30 days
Non U.S. citizen Note : Scorecard “#1” is most lenient, “#3” is most stringent

What A Super Model Can Teach a Harvard MBA About Credit http://www.slideshare.net/larrychiang/what-a-super-model-can-teach-a-harvard-mba-about-credit

American Express’ Under-Promoted Credit Truths at Mercedes Benz Fashion Week (MBFW)” http://t.co/inxTmZAj

My Stanford Engineering video boils down 20,000 hours and moves you to the right on the entrepreneur bell curve

CEO of Duck9MIT University EIR (Entrepreneur in Residence)

Duck9 = “Deep Underground Credit Knowledge” 9
125 University Avenue/ 100
Palo Alto CA 94301
http://www.duck9.com/ass
650-566-9600
650-566-9696 (direct)
650-283-8008 (cell)

****************
Editor of the BusinessWeek Channel “What They Don’t Teach at Business School”
http://whattheydontteachyouatstanfordbusinessschool.com/blog
CNN Video Channel: http://ireport.cnn.com/people/larrychiang

Read my last 10 tweets at http://www.Twitter.com/LarryChiang

Author, NY Times Bestseller
http://whattheydontteachyouatstanfordbusinessschool.com/blog/?s=Ny+times+bestseller

“What They Will NEVER Teach You at Stanford Business School” comes out 11-11-14

http://www.fastcompany.com/embed/c0d4562ea2049
52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering

Emergency swings and cutting deals as an 9 year old

##########
Duck9 is part of UCMS Inc.
http://www.ucms.com
630-705-5555

More on #ENGR145’s SHIFTING right on the entrepreneur bell curve

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Written by Larry Chiang

November 10, 2013 at 6:43 pm

Posted in Uncategorized

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