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Piggybacking

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uktaurusbulba
Contributor

Piggybacking

I made the mistake of using all my personal credit for my business and now I am trying to pay it down, but the %'s I am paying are still too high so therefore I am trying to piggyback off others credit. I am having them add me as an authorized user on there accounts so it helps raise my score so I can gain better rates and receive offers. Any thoughts on this? Ive heard rumors that authprized users will soon not be a part of the fico score. Is this the case? I hope not.
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Anonymous
Not applicable

Re: Piggybacking



@uktaurusbulba wrote:
I made the mistake of using all my personal credit for my business and now I am trying to pay it down, but the %'s I am paying are still too high so therefore I am trying to piggyback off others credit. I am having them add me as an authorized user on there accounts so it helps raise my score so I can gain better rates and receive offers. Any thoughts on this? Ive heard rumors that authprized users will soon not be a part of the fico score. Is this the case? I hope not.




100% true. See the AU thread.
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Tuscani
Moderator Emeritus
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