FICO® is known for revising its credit scoring criteria every now again, factoring in the ever-evolving credit landscape and varying consumer behaviors to improve its credit score accuracy. Back in January 2009, FICO® (formerly known as Fair Isaac Corporation) introduced […]
A credit report is something that many people never give a second thought to until they must. Your credit report is a reflection of your financial history, and it contains sensitive private personal information. It can be a bit overwhelming […]
BoostMyScore helps customers save money with better borrowing rates Building your credit score is an ongoing process that can lead to improved access to credit, and more importantly, better borrowing rates. BoostMyScore Inc., is an expert in helping individuals improve […]
The global economy seems to be growing more volatile, and news anchors are mentioning the word’s “trade wars” in what seems like every financial update. In an unsettled economy such as this one, lenders naturally become more conservative in order […]
The recent admission that Facebook data was accessed by third parties without users’ consent and used to run targeted political ads has reignited concerns about how social media may be impacting Americans in real life. Reports have suggested that credit […]
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 […]
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.
Check out our reviews and testimonials