What a Supermodel can teach a college student undergrad about credit card credit scores is meant to be funny yet informational.
If its not funny to you, it is still extremely informative.
This is the same material that I, Larry Chiang, presented to Congress.
4. I documented over a dozen cases in Chapter 11 of my book. It’s all about “Falling Forward” Plot spoiler: all 3 models are still in the business & thriving after their falls
9. Avoid or Duck 9s (9s are charge-offs. Charge-off are bad debt) 1s are on-time payments 24 1s is is FICO over 700 $20 paid on a zero balance is on-time
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11. Can use debit data as a basisfor credit system but you can’t
12. In case you were wondering if my title slide was incongruent with my title, “What a Super Model Can Teach a Harvard MBA About CREDIT”