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Piggybacking is not long for this world. Fair Isaac Corp. has announced that within nine months the algorithm, they use to arrive at FICO scores will be changed. The new formula will virtually eliminate the effectiveness of piggybacking.
Presently an authorized user on someone else’s account benefits from the payment history of that user on […]
Considering how critical one’s FICO score is to our lives today, it’s amazing how little people know about what exactly makes up this all-important figure. We will describe some of these facts in the following.
Firstly, the FICO score ranges from 300 to 850. The higher your score the better risk creditors will consider you […]
Consumers with below average credit scores are able to short-cut the credit rebuilding process, which is normally quite lengthy, by an increasingly popular method known as piggybacking. Basically, under this practice someone with poor credit can be added on as an additional user on a credit card owned by someone with exceptional credit. It […]
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