What actually Piggybacking is?

Recently I have come across \"Piggybacking\". Can anybody in this forum tell me what actually Piggybacking is and what its relation with our credit report is?

1 Answers

Well, Piggybacking is the act of improving your credit score by including yourself as the authorized user on somebody's credit card. If you have a bad credit score and enlist yourself as the authorized user of a card belonging to somebody with a good credit score, you are going to receive all the benefits of having a good credit score without having built a good score yourself. This tactic is usually employed by parents in relation to their children or between spouses.


Write Your Answer

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 2 and 11


Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV


Page loaded in 0.153 seconds.