Student loans have burdened a generation with often insurmountable debt. These debts make it difficult for student-loan borrowers to afford the cost of living in many cities, qualify for a mortgage or even start a family. The last thing student-loan […]
It’s rare for inflation to remain tame during periods of historically low unemployment, but according to Fed Chairman Jerome Powell’s congressional testimony, inflation remains below the Fed’s 2% target. Experts believe this likely means the Fed is considering a move […]
Having a solid credit score means more today than ever. Few people can pay cash for major purchases, such as homes, vehicles and post-secondary education. Households with poor credit pay far more in interest every month, a situation that often […]
According to Fed Chairman Jerome Powell’s congressional testimony, inflation remains below the Fed’s 2% target, and has indicated the Fed is considering cutting interest rates. This is excellent news if you have a mortgage. It means a lower rate may […]
A Federal Trade Commission (FTC) investigation has concluded that credit repair company Grand Teton Professionals, operating under various websites, like TopTradelines.com, encroached on consumer rights. The FTC took harsh and decisive action against this company and its ownership, to include […]
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 […]
Maintaining a positive credit history can lead to credit approvals for mortgages, apartments, loans and better insurance rates. However, many people get off to a rocky financial start and may experience turbulence in their financial lives that directly affects their […]
Now more than ever consumers are proactively monitoring their credit. Not only can you easily get a copy of your credit report on the internet, you can also view your credit score. Companies like Credit Karma, MyFICO.com and Experian.com make […]
Is it Worse to Max Out Your Credit Cards or Pay Late? A while back we were playing with a credit score simulator on CreditKarma.com and found some interesting things regarding maxing out credit cards versus paying a credit card […]
What is Utilization Ratio and Why Does it Matter? Most of us have a credit score, and it’s not just about paying your bills on time. Obviously, that helps, but how you use your credit cards – your credit utilization […]
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.