Credit-Rating Standard Tightens
Fair Isaac Corp., the company behind FICO credit scores, is shutting down a fast track to a better credit rating.
Starting in September, consumers who are added as an authorized user on someone else's credit card will no longer be able to benefit from that card's credit history. The change reverses the current practice, known as piggybacking, which treats all authorized users the same as the cardholder.
For the complete story go to Yahoo Finance.
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