ICB Trade Lines – Piggyback Credit Increases FICO Score
Many people are against the concept of piggybacking. Piggybacking is when someone with poor credit is authorized to use a credit card of another person having a good credit history.
Thus, they can benefit from having the payment history of the authentic cardholders show up on their credit reports, leading to a boost in their credit scores. It’s like they are given a free ride. But creditors are complaining as it is pure fraud and is contradictory to the real credit scoring system.
Spare some time to watch this video and know for yourself what’s in it behind this system flaw.