Boost My Score

Discovered in 2007 by BoostMyScore.Net Founder and CEO Bill Airy, "Credit Piggybacking" is when one person pays to be listed as an Authorized User on a perfectly managed credit card held by someone else in order to boost their credit score. When the person with good credit adds the person wanting better credit to their card, the credit card company reports the account history for that credit card to the credit bureaus. When the new history appears in the authorized user's credit reports, their credit score is immediately recalculated to show an increase as a result of the new card's presence in the report.

While the authorized user does not receive the physical card or account number, they do receive the benefit of having that particular credit card's entire credit history - limit, balance, payments - in essence "copied and pasted" onto their credit report, looking as though it were there the entire time. Having a higher FICO® Credit score means lower interest rates, easier loan approvals, higher credit limits, and generally better loan terms for consumers.