FICO08 Deemed Propaganda Scare Tactic
written by Bill Airy
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Last modified on September 25, 2019
As the credit score analysts at BoostMyScore predicted, the entire FICO® 08 scoring changeover, which was supposed to extinguish authorized user benefits to the credit scoring system, “was simply a fear based propaganda scare tactic”.
According to BoostMyScore, “this was nothing more than good old fashioned smoke and mirrors politics.” The value of the FICO® scoring model was diminishing in the eyes of the banks and lending institutions because of the so called “Credit Piggybacking” strategy used by BoostMyScore and others.
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About the Author:
Bill Airy is the CEO and Founder of BoostMyScore. For over 12 years he has helped American consumers get a second chance at a better financial life by helping them to improve their credit score. He regularly publishes helpful content on this Blog to educate others about Credit Scores and best practices when trying to improve them.
Categories:
Improving Credit Scores
Tags:
authorized user, BoostMyScore, credit piggybacking, credit score, FICO Score
