Comments on: Piggyback Credit Histories to Increase Your Credit Score http://www.twowiseacres.com/financing-rental-properties/piggyback-credit-histories-to-increase-your-credit-score/ In Pursuit of the American Dream Wed, 01 Feb 2012 11:36:08 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Spot http://www.twowiseacres.com/financing-rental-properties/piggyback-credit-histories-to-increase-your-credit-score/comment-page-1/#comment-23580 Spot Thu, 13 Oct 2011 06:09:18 +0000 http://www.twowiseacres.com/2008/02/05/piggyback-credit-histories-to-increase-your-credit-score/#comment-23580 I filed bankruptcy 15 years ago and to 'behave' I didn't get any new cards. Now I have no credit history. My brother offered to let me piggy back an account and helped me to create a new history. Thanks. Never could have started over without that help. I filed bankruptcy 15 years ago and to ‘behave’ I didn’t get any new cards. Now I have no credit history. My brother offered to let me piggy back an account and helped me to create a new history. Thanks. Never could have started over without that help.

]]> By: karma79 http://www.twowiseacres.com/financing-rental-properties/piggyback-credit-histories-to-increase-your-credit-score/comment-page-1/#comment-20350 karma79 Wed, 08 Jun 2011 09:56:20 +0000 http://www.twowiseacres.com/2008/02/05/piggyback-credit-histories-to-increase-your-credit-score/#comment-20350 after a divorce and and relocating my credit is shot but here's the kicker. i spent the last years paying off utilities, medical bills, student loans, etc. now i owe noone. i pay my rent every month, lights too, and by prepaid cell because it is cheaper by 75%. i go to my bank of 4 years to get a loan to buy a car. guess what they said i don't have any credit, no revolving payments, no history of monthly payments so the said and i quote "we cannot offer you credit at this time, you need to get a loan and make payments first" after taking care of all past debts my score is 530. i am sorry so many people are offended by this practice but if i could get a small ride i sure would hop on after a divorce and and relocating my credit is shot but here’s the kicker. i spent the last years paying off utilities, medical bills, student loans, etc. now i owe noone. i pay my rent every month, lights too, and by prepaid cell because it is cheaper by 75%. i go to my bank of 4 years to get a loan to buy a car. guess what they said i don’t have any credit, no revolving payments, no history of monthly payments so the said and i quote “we cannot offer you credit at this time, you need to get a loan and make payments first” after taking care of all past debts my score is 530. i am sorry so many people are offended by this practice but if i could get a small ride i sure would hop on

]]> By: Krystal http://www.twowiseacres.com/financing-rental-properties/piggyback-credit-histories-to-increase-your-credit-score/comment-page-1/#comment-14925 Krystal Wed, 08 Sep 2010 00:01:57 +0000 http://www.twowiseacres.com/2008/02/05/piggyback-credit-histories-to-increase-your-credit-score/#comment-14925 It's no wonder that the working class, keeps the rich continously getting richer!! Piggybacking doesn't delete bad information off of credit reports it adds good information to credit reports. So the person who piggybacks is representing himself in a more positive light, and saving money, by getting better rates. Now if anyone has ever found themselves in a medical, job loss, foreclosure, or bankrupcy situation; they understand the process of being accurately represented is an exhausting journey. You can pay off collection, charge-offs, judgements etc. and the company doesn't update it on your credit report. Now you have to do the paper work or hire someone to get your credit report updated accurately, all the while you are suffering from ridiculous interest rates. I for one, don't see the issue with making the system work for the working class. Piggybacking is one of the few ways consumers can fight back (outside of always being in a position to pay bills on time, without fail). The banks and lenders benefit substantially from people with less than perfect credit. Unfortunately for consumers there is no federal bailout, instead its just payouts!! It’s no wonder that the working class, keeps the rich continously getting richer!! Piggybacking doesn’t delete bad information off of credit reports it adds good information to credit reports. So the person who piggybacks is representing himself in a more positive light, and saving money, by getting better rates. Now if anyone has ever found themselves in a medical, job loss, foreclosure, or bankrupcy situation; they understand the process of being accurately represented is an exhausting journey. You can pay off collection, charge-offs, judgements etc. and the company doesn’t update it on your credit report. Now you have to do the paper work or hire someone to get your credit report updated accurately, all the while you are suffering from ridiculous interest rates. I for one, don’t see the issue with making the system work for the working class. Piggybacking is one of the few ways consumers can fight back (outside of always being in a position to pay bills on time, without fail). The banks and lenders benefit substantially from people with less than perfect credit. Unfortunately for consumers there is no federal bailout, instead its just payouts!!

]]> By: reginald groce http://www.twowiseacres.com/financing-rental-properties/piggyback-credit-histories-to-increase-your-credit-score/comment-page-1/#comment-11362 reginald groce Fri, 20 Nov 2009 16:14:44 +0000 http://www.twowiseacres.com/2008/02/05/piggyback-credit-histories-to-increase-your-credit-score/#comment-11362 send info plz send info plz

]]> By: reginald groce http://www.twowiseacres.com/financing-rental-properties/piggyback-credit-histories-to-increase-your-credit-score/comment-page-1/#comment-11361 reginald groce Fri, 20 Nov 2009 15:58:58 +0000 http://www.twowiseacres.com/2008/02/05/piggyback-credit-histories-to-increase-your-credit-score/#comment-11361 send me info on how to get my credit up send me info on how to get my credit up

]]> By: SICK OF IT http://www.twowiseacres.com/financing-rental-properties/piggyback-credit-histories-to-increase-your-credit-score/comment-page-1/#comment-11041 SICK OF IT Tue, 13 Oct 2009 03:15:31 +0000 http://www.twowiseacres.com/2008/02/05/piggyback-credit-histories-to-increase-your-credit-score/#comment-11041 I am 38 years old, been working since 14. Held a professional position for over 10 years, had a home, cars, owned my own business and had to close for medical reasons 3 years ago. Since then, credit plummeted to 300, had to file bankruptcy both biz and personal, medical bills topped $500k, cant find work, been very sick and hospitalized since then many times, baby had major surgeries and almost didnt make it, had to take care of her at home, on food stamps, lost all my cars, lost my home, living with parents and no car. Cant get around life anyway I see it and you really think I will not piggybank at this point? This is why people really need to shut the f** up and realize that until you are in other people's shoes you dont know anything. I cant stand it when people judge, but mostly what burns me up is seeing how people that just get to this country with the intention of receveiving perks and mind you, in some places not even speaking the language, have a perfect credit score. It is sick, inhumane and some need to be jailed for these practices. Go Michael Moore!! Keep bringing the truth out! oh by the way, even with a cobra insurance that i paid $1400 a month for and had to drop and with this insurance i have now, aetna, with a 20,000 deductible, I already owe today over $60,000 and this is all due to medical. Oh yeah, my daughter who was born preemie and had 2 major surgeries before 6 months old at barely 5 pounds has been declined with every insurance company and is on state insurance. SO YES TO REFORM DAMN IT! I am 38 years old, been working since 14. Held a professional position for over 10 years, had a home, cars, owned my own business and had to close for medical reasons 3 years ago. Since then, credit plummeted to 300, had to file bankruptcy both biz and personal, medical bills topped $500k, cant find work, been very sick and hospitalized since then many times, baby had major surgeries and almost didnt make it, had to take care of her at home, on food stamps, lost all my cars, lost my home, living with parents and no car. Cant get around life anyway I see it and you really think I will not piggybank at this point? This is why people really need to shut the f** up and realize that until you are in other people’s shoes you dont know anything. I cant stand it when people judge, but mostly what burns me up is seeing how people that just get to this country with the intention of receveiving perks and mind you, in some places not even speaking the language, have a perfect credit score. It is sick, inhumane and some need to be jailed for these practices. Go Michael Moore!! Keep bringing the truth out! oh by the way, even with a cobra insurance that i paid $1400 a month for and had to drop and with this insurance i have now, aetna, with a 20,000 deductible, I already owe today over $60,000 and this is all due to medical. Oh yeah, my daughter who was born preemie and had 2 major surgeries before 6 months old at barely 5 pounds has been declined with every insurance company and is on state insurance. SO YES TO REFORM DAMN IT!

]]> By: Jaielle http://www.twowiseacres.com/financing-rental-properties/piggyback-credit-histories-to-increase-your-credit-score/comment-page-1/#comment-4553 Jaielle Thu, 18 Dec 2008 07:04:44 +0000 http://www.twowiseacres.com/2008/02/05/piggyback-credit-histories-to-increase-your-credit-score/#comment-4553 This is a really interesting topic. I am currently exploring the option of piggybacking. Yeah, I said it, I AM CURRENTLY EXPLORING THE OPTION OF PIGGYBACKING. Why? Because I'm sick and damn tired of being rejected left and right by creditors. Its funny to see those who claim that they wouldn't do it. Of course you wouldn't! Why would you need to? Either "mommy" or "daddy" is able to co-sign on your things. Guess what? Everybody's mommy and daddy can't do the same. HELL, Majority are struggling right along with you! They did a survey of who was the "borrower" and who was the "lender"...guess what? MAJORITY of borrowers were MINORITIES. And well, what would you know...MAJORITY of lenders....THE MAJORITY--meaning of European decent bka Caucasian. Unfortunately, not all minority households had it like the Huxtables. OR if that is seeming too...biased. How about this, be a stay at home mom. Never getting the opportunity to work. We all know that you get credit for good work history. PLUS job=money...banks like to know when you've got money. : )... I babbling and I know it. My point is, don't be quick to say what you will and will not do. Its hard out here and at the end of the day, everybody is just wanting a piece of that American pie. This is the B.S. we are told to strive to get. So why act an ass when an opportunity arrives to bring someone closer to their slice? Sounds like a bunch of haters..... This is a really interesting topic. I am currently exploring the option of piggybacking. Yeah, I said it, I AM CURRENTLY EXPLORING THE OPTION OF PIGGYBACKING. Why? Because I’m sick and damn tired of being rejected left and right by creditors. Its funny to see those who claim that they wouldn’t do it. Of course you wouldn’t! Why would you need to? Either “mommy” or “daddy” is able to co-sign on your things. Guess what? Everybody’s mommy and daddy can’t do the same. HELL, Majority are struggling right along with you! They did a survey of who was the “borrower” and who was the “lender”…guess what? MAJORITY of borrowers were MINORITIES. And well, what would you know…MAJORITY of lenders….THE MAJORITY–meaning of European decent bka Caucasian. Unfortunately, not all minority households had it like the Huxtables. OR if that is seeming too…biased. How about this, be a stay at home mom. Never getting the opportunity to work. We all know that you get credit for good work history. PLUS job=money…banks like to know when you’ve got money. : )… I babbling and I know it. My point is, don’t be quick to say what you will and will not do. Its hard out here and at the end of the day, everybody is just wanting a piece of that American pie. This is the B.S. we are told to strive to get. So why act an ass when an opportunity arrives to bring someone closer to their slice? Sounds like a bunch of haters…..

]]> By: Sabrina G http://www.twowiseacres.com/financing-rental-properties/piggyback-credit-histories-to-increase-your-credit-score/comment-page-1/#comment-1257 Sabrina G Mon, 30 Jun 2008 16:54:46 +0000 http://www.twowiseacres.com/2008/02/05/piggyback-credit-histories-to-increase-your-credit-score/#comment-1257 Legitimate piggybacking makes total sense when used appropriately. My mother is going to end up having to cosign for my first property as she did for my first car, and always has to help me with large purchases anyway but by adding me to her long standing accounts, I will be able to qualify for things faster than I would by trying to build my own credit from scratch, like dental services not covered by insurance, for example. She keeps the card in her purse and sooner than later, I wont need any help at all. It is unfortunate commercial companies exploit this practice. Legitimate piggybacking makes total sense when used appropriately. My mother is going to end up having to cosign for my first property as she did for my first car, and always has to help me with large purchases anyway but by adding me to her long standing accounts, I will be able to qualify for things faster than I would by trying to build my own credit from scratch, like dental services not covered by insurance, for example. She keeps the card in her purse and sooner than later, I wont need any help at all.

It is unfortunate commercial companies exploit this practice.

]]> By: Mike http://www.twowiseacres.com/financing-rental-properties/piggyback-credit-histories-to-increase-your-credit-score/comment-page-1/#comment-1221 Mike Tue, 10 Jun 2008 19:58:32 +0000 http://www.twowiseacres.com/2008/02/05/piggyback-credit-histories-to-increase-your-credit-score/#comment-1221 I have been checking out many different companies that do credit scores and credit watch. I will tell you this it dont matter I have a good score with one company and a lower with another no one is the same and this is with six different ones I have never paid late but for years I never used credit and because of this my scores go from 580 to 611 depending on what company I pull my score from and even when I went to get a car loan they got scores that I had not even seen yet so whats the point of having a report in the first place. I have called many of these companies and asked why and they say they all use company software so no one uses the same I like the guys idea of who is best able to pay the one with no credit or the one with all the credit. I have been checking out many different companies that do credit scores and credit watch. I will tell you this it dont matter I have a good score with one company and a lower with another no one is the same and this is with six different ones I have never paid late but for years I never used credit and because of this my scores go from 580 to 611 depending on what company I pull my score from and even when I went to get a car loan they got scores that I had not even seen yet so whats the point of having a report in the first place. I have called many of these companies and asked why and they say they all use company software so no one uses the same I like the guys idea of who is best able to pay the one with no credit or the one with all the credit.

]]> By: Sunday Money Roundup - Patriots Sucked It Edition. | My Two Dollars http://www.twowiseacres.com/financing-rental-properties/piggyback-credit-histories-to-increase-your-credit-score/comment-page-1/#comment-626 Sunday Money Roundup - Patriots Sucked It Edition. | My Two Dollars Sun, 10 Feb 2008 15:02:51 +0000 http://www.twowiseacres.com/2008/02/05/piggyback-credit-histories-to-increase-your-credit-score/#comment-626 [...] Wise Acres talks about Piggyback Credit Histories to Increase Your Credit Score. I hate this [...] [...] Wise Acres talks about Piggyback Credit Histories to Increase Your Credit Score. I hate this [...]

]]>