The Quickest Way to Repair My Credit Report and Rating

As a result, this information would be added to the bad credit person’s credit report and their score would instantly increase.This was the surest, fastest and most effective way to potentially increase a person’s credit score over 100 points. Credit brokerage companies and people started “renting” their credit to other people in exchange for several thousand dollars. Not only is this a risky move for the person with good credit, but it manipulates the credit scoring system as a whole in a way that makes it ineffective.As a result, in 2008 FICO closed the piggybacking loophole by no longer factoring the co-authorized users accounts into their credit scoring formula.