Every year, thousands of high school students apply for college with the hope of enrolling at the institute of their choice once they graduate. Although there are certain things that can be done in order to make college attendance more […]
Many companies promise to help individuals repair their credit. A few are legitimate firms, but many are dubiously legal fly-by-night operations aiming to scam their customers. When you are entrusting a company with something as important as your credit score, […]
The Fair Debt Collection Practices Act was passed in 1977 to protect consumers’ rights. The Act prevents debt collectors from harassing and threatening consumers. This gives consumers options to legally dispute a debt they owe. The FDCPA covers personal debts […]
TransUnion recently reported that the number of American consumers taking out unsecured personal loans had jumped nearly 30 percent, from 10.57 million in 2013 to 13.57 million in 2015. For those thinking of getting help with consolidating some bills or financing a […]
Is there a link between having a low credit score and suffering from poor overall health? A few recent studies seem to suggest that is the case. In one, researchers tracked 1,000 participants over the course of multiple decades. They […]
A 2017 LearnVest survey analyzed 1,000 respondents’ answers regarding their willingness to discuss personal finances. Nearly 70 percent of participants said they would rather disclose their weight to their friends than their credit score. A significant portion of those people already had […]
Buying a home is one of the most important decisions a family will make. It marks the start of your new life together while bringing security for you and your loved ones. That’s why it is so important to be […]
In mid-2017, the three major credit reporting agencies, Experian, Equifax and Transunion, implemented policy changes that will impact consumer credit scores. The policy changes came as a result of settlements between the three agencies and 31 states. Fortunately, the impacts […]
Improving your credit is a fantastic feeling, and the freedom that comes with a good score opens up many possibilities. Once you have boosted your credit score with BoostMyScore, it’s important to properly manage your new credit and financial […]
Credit repair scams are a big problem these days. Unscrupulous predators actively target unsuspecting consumers, especially people who are vulnerable, under financial stress and/or need help repairing their credit. By dangling attractive lures, scammers make believable presentations. Don’t become a […]
Through a method known as “credit piggybacking,” BoostMyScore 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 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.