'Piggybacking' roils credit industry

[sweeps]

Only a low credit score stood between Alipio Estruch and a mortgage to buy a $449,000 Spanish-style house in Weston, Fla., a few miles west of Fort Lauderdale.

Instead of spending several years repairing his credit rating, which he said was marred by two forgotten cell phone bills and identity theft, the 37-year-old real estate agent paid $1,800 to an Internet-based company to bump up his score almost overnight.

Article

[vsjhoc]

Oooooh, I must be psychic. See this link to the blog where last week I predicted that the days of AUs were numbered.

[rob62521]

Oooooh, I must be psychic. See this link to the blog where last week I predicted that the days of AUs were numbered.

I read your blog and you were right!

I'm kind of mixed on this...I can see where piggybacking would be helpful it were a family member, but paying a stranger to do it just seems immoral.

[jamai]

I read your blog and you were right!

I'm kind of mixed on this...I can see where piggybacking would be helpful it were a family member, but paying a stranger to do it just seems immoral.

it is immoral but so are many of banks' charges. why shouldn't you benefit from your good behaviour?