Fix Your Credit in an Innovative Way with Piggybacking
Our world is going through rough times, financial crisis means that credit repair is starting to gain traction. Lenders have also become quite dry in the pockets as a direct result of this financial crisis, thus they are resorting to much more strict lending practices. So this means that it will be a whole lot harder for people to get a loan if they have bad credit scores. For those with credit scores that are less than desirable, you can circumvent this issue in two ways. The first way is patience, you would want to wait for about 7 years or 10 years in the case of bankruptcy until the negative items will start to fall off as is usually the case, the second method is for you to make use of other tactics that are actually aimed at fixing your credit. And this happens to be the subject of the day.
Are you allowed to use another person’s credit?
The answer to that my friend is yes. This act is called Piggybacking and its highly effective in boosting one’s credit score quickly. This method requires nothing but somebody else’s trust. To sum things up, piggybacking is to have somebody else, this person being somebody who has a great credit rating, include you in their account. They can also enlist your name making you an authorized user of their credit card, what this does is boost your credit score due to the good standing of theirs. This is something parents usually do if they want to jumpstart the credit of their child. Relatives and friends also practice this in order for them to help each other out.
Companies and organizations have hopped into this trend as well by providing commercial ways of piggybacking. But beware of any individuals who have hopped into this trend who adds people with bad credit scores into somebody’s account for a ridiculous amount of money. This somebody is a person they claim to have great credit scores. Be aware of these piggybacking scam that shady individuals use. This method in on its own is technically legal, there are a lot of people who offer these services and charge thousands of dollars. But the legal nature of their practice ends on the accounts they use, most of the time these accounts belong to people who don’t have a clue that they are being used in these manner and are victims of a crime which is identity theft.
It is advised that you get the aid of a family member or a well trusted friend to carry out this method. In the event that you cannot find one, you can be cautious and get the aid of companies that offer piggybacking services for a low price and are actually operating cleanly without the use of stolen identities such as tradelines for credit repair services.
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