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Rebuilding Piggybacking?

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TwoBeFree
Contributor

Rebuilding Piggybacking?

Is it still possible to piggyback? I have a family memeber who rebuilded her credit by piggybacking about 6 years ago from another family member now she is with excellent credit. She just co-signed last year for the person who helped her from piggybacking. 

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2 REPLIES 2
Shogun
Moderator Emeritus

Re: Rebuilding Piggybacking?

Sometimes it does, other times, not so much.  Many lenders will exclude AU accounts from their decisions, others won't.  If it's a good account, good history and low util, it certainly wouldn't hurt.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 2 of 3
Burned2manybridgesB4
Valued Contributor

Re: Rebuilding Piggybacking?

Still works (for the most part). Did this for my brat, and now she has better cards than me.

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