Your credit score is a number usually between 350 and 850 designed to help lenders predict the likelihood you will repay future debt obligations based on the performance of previous and current loans. It is a complicated but vital aspect […]
A 750 credit score is an achievable goal, and it can open unexpected doors, too. Besides the obvious perks of easy financing and lower interest rates, there are additional benefits to enjoy. Maintaining a credit score of 750 and above […]
Several key factors influence a consumer’s credit score: payment history, credit usage rate, length of credit history, total debt and credit, and recent credit inquiries, among others. While a credit score of 650 is considered fair, and almost good, it […]
American Debt and What You Owe Americans are in debt. While not every adult in the U.S. has credit cards, loans, or other types of debt to pay off, the number of people and amount of debt is growing. If […]
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 […]
BoostMyScore lets you piggyback off existing lines of credit to improve your score One of the most challenging financial roadblocks for individuals hoping to qualify for credit loans is being weighed down by poor or non-existent credit. It is not […]
A low credit score can make your life more difficult at every turn. You will be charged higher interest rates on outstanding credit card balances; credit and loan applications might be summarily rejected; utility companies may force you to put […]
While this business model WAS considered to reside in a legal “gray” area, the fact is simply that a lot of banks and mortgage lending institutions are upset with it because our service gives power back to the people needing […]
“Fair Isaac has decided to include consideration of authorized user tradelines present on the credit report in the FICO 08 model,” Tom Quinn – VP, Fair Isaac Corp. Read FICO’s full testimony given to a Congressional subcommittee focused on credit education. This […]
Denver, CO — August 08, 2008 — Adding people as authorized users on Platinum Tier Credit Card Accounts will forever continue to benefit FICO® scores. Fair Isaac Corp., creator of the widely used FICO® score, announced last year it would […]
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.
While BoostMyScore does not offer legal advice or opinions to determine if tradelines are legal, we have located extensive evidence to show it is not illegal. In an effort to better educate the FTC and the Colorado Attorney General, BoostMyScore has provided information about our business practices. We also have sought the opinions of several lawyers, none of whom found the tradeline piggybacking practice to violate the law.