Will The New FICO 08 Formula Include Authorized User Accounts?

After considerable debate, the decision has been made by the creators and managers of the FICO formula to include the authorized user accounts in the new FICO 08 formula. This is great news for people who use the technique of using seasoned tradelines to increase their credit scores. This decision to include authorized user accounts was ultimately made because so many lenders complained that it would be a violation of Regulation B of the Equal Credit Opportunity Act of 1974.

 www.toptradelines.com

Comments

Post a Comment

Popular posts from this blog

Marcio Andrade Interview

Image
Marcio Garcia De Andrade is an Entrepreneur and Director of seven brands in the financial services Industry.  He has experimented with web service sales, global workforces, and internet delivery systems. Of course, he’s had his share of ‘failures’ he’s grown from, but that has allowed him to enjoy more home runs than most.  His employees consider him a father figure, stern but fair, compassionate yet professional. He loves Dan Carnegie’s books and drinking beer. His favorite color is red.  His teachers say he is brilliant but stubborn, like most innovators. He never flew first class. He has employees working for him around the globe, so there is always someone in his organization that is producing work.  We interviewed Marcio Andrade, and this is what he had to say about his career: What did you study in college? I studied finance at the University of Florida in Gainesville, Florida. What is your occupation? I am an entrepreneur and Director of several brands
Read more

Peter Improved his Credit and was approved for over $20K with TopTradelines.com

Image
Having a low credit history is almost a bad as having bad credit. I thought I was playing it smart by avoiding credit cards and debt. But when lenders can’t see a history of any credit, they treat you like you have bad credit. That’s what happened to me. I do handy man work. My business was doing well, and I was ready to buy some new equipment and take on a couple of employees. I went to the traditional banks for a loan, and well…let’s just say they were in no hurry to help me. One of my buddies used TopTradelines.com to boost his bad credit. He suggested that I give them a call. I found out they could help me establish a solid credit history by purchasing one of their tradelines. I looked through their extensive inventory and picked one that seemed to be a good fit. Within 54 days, my score went up from 610 to 700! I really didn’t have to do anything…just piggyback off of someone else’s great credit. TopTradelines.com not only helped improve my credit score, they hel
Read more

100+ Point Increase per Bureau for Heather! TopTradelines.com-Video Case Study - Seasoned Authorized User Tradelines

Image
Heather’s Scores were in the Low 600’s. Bought Gold Package of Seasoned Authorized User Tradelines from TopTradelines.com. Achieved 700+ Scores on all Credit Bureaus. Got Approved for several Credit Cards, Auto Loan, and Mortgage Refinance. Spent $3,750 for Gold Package BEFORE:  AFTER 7 Days Days: EF: 633  EF: 680 ( + 47 Points) XP: 619  XP: 678 ( + 59 Points) TU: 633 TU: 719 ( + 86 Points)
Read more