Sunday, July 1, 2007

Time Running Out For Credit Renting

Fair Isaac has announced that their new scoring model will stop considering "authorized user" accounts when determining a credit score. This is intended to stop the practice of credit renting where a person with bad credit pays one with good credit to name them as an "authorized user" on their credit cards. Under the old system, this could result in a quick 100-200 plus point increase in a credit score.

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