You Can Be Single And Still Buy A Home More young adults in America are choosing to hold off on marrying for many reasons including solidifying their careers and improving their financial position before getting married. Based upon this […]
Most people have a basic understanding of how their credit score works. They know that in order to qualify for large loans, they need to have good credit. For the most part, they understand that things, like avoiding excessive debt […]
There are a number of factors and scenarios that can negatively affect your credit score. Fortunately, even the most credit-damaging situations can be remedied. The following are four scenarios that can damage your credit score and what you can do […]
Over the past decade, a person’s credit score has become ever more integral to their financial health. There are a number of factors that influence a credit score but one of the least recognized is a person’s job title. To the […]
In this increasingly convoluted and politicized the world, it is indeed difficult to surprise the jaded but informed observer. Still, the People’s Republic of China (PRC) has really outdone itself with its latest efforts to improve upon the standard credit […]
Having a creditor just forgive a loan outright or to cancel it for partial payment may seem like a godsend to most people. However, that debt forgiveness can have some serious repercussions that the average consumer may not consider. Your credit score does not […]
There are a number of different companies that provide software to banks and consumers for determining the credit scores of Americans applying for credit or mortgages. The biggest of these companies is FICO® (Fair Isaac Corporation). Two years ago,FICO® announced […]
Most people thought the Great Recession of the mid-2000s would result in a dramatic decrease in credit card accounts. The United States economy is slowly building back its momentum. The shocker of the sluggish economic bounce-back is that the number […]
It is an undeniable fact that the world runs on credit. Whether you are buying a new car, a house or are trying to get a good deal on your insurance, your credit score becomes a vital part of the […]
When it comes to improving your credit score, paying down your credit card balance is one of the first steps that you should take. However, one of the mistakes that many credit card holders make is to close their credit […]
Through a method known as “credit piggybacking,” BoostMyScore.NET adds you as an Authorized User (AU) to one or more high limit, low balance, seasoned credit cards, which drastically improves your credit score rapidly! While you do not receive the physical card or ability to use the credit line, you will receive the amazing benefit of having that particular credit card “copied and pasted” on to your credit report. This extreme increase in the limit to balance (utilization) ratio and overall average age of the revolving accounts on your credit report gives you the biggest possible FICO® score boost in 60 days or less, guaranteed! To learn more about how your credit works, and how piggybacking can boost your credit score, click the button below.
BoostMyScore.NET has commissioned extensive research into the legality of “piggybacking”. Multiple law firms, the Federal Reserve Bank, the Federal Trade Commission, and various Attorneys General have all looked into the practice in fine detail, and each have determined that the act of paying someone to add another person to their existing credit card account as an Authorized User is perfectly legal. While the banks and credit reporting agencies may dislike the practice, credit piggybacking is actually protected by Regulation B of the Equal Credit Opportunity Act. To learn more about these legal opinions, click the button below.
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