Tag Archives: Credit score piggybacking

Piggybacking Authorized User Helps

  Piggybacking Authorized User is Legal and Useful for Some A piggybacking authorized user is any person who can use another person’s or company credit line without being legally liable.  The Federal Reserve’s Regulation “B” of 1975 implementing the 1974 Equal Credit Opportunity Act actually required that the reporting “benefit or burden” of spousal Authorized users be considered

Credit score piggybacking

Credit Score Piggybacking Credit Score piggybacking refers to the practice of artificially raising a credit score by becoming an authorized user on an account with another person.  To help the score of the one who piggybacks the account on which the consumer is added must be an older account with an excellent payment history and