Interesting read. Thought the information on AU's was interesting.
Bust out score raised when:
AUTHORIZED USER ASFIRST TRADE
SHARED AUTHORIZEDUSER ACCOUNTS - People who buy tradelines. Multiple AUs with different addresses.
I wonder if bust out scores contribute to approvals/denials when applying for credit?
That is interesting.
From slide 12:
We start with a single breeder on 5 card accounts
•11 new identities created using authorized user accounts
•47 new, primary credit accounts are established (Could be a myFICO'er on a rainy day...lol)
•All accounts in the network go to charge-off
•Total network loses: $364,000
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