is buying trade lines to improve credit ratings legal?

Public Comments

1. When you buy a tradeline, you are only put on as an authorized user.I just read an article on this practice about 2 mos ago. Currently it is legal- but probably not ethical.. By February, at least one of the bureaus will not include "authorized user" accounts in a person's score. The other's will probably follow shortly after. In short, pretty soon, it will be pointless to buy tradelines.
2. Well, it is defrauding the company that you are applying to, as it is not who you are. Check the site below. And according to this report, Fair Issac is not counting the piggybacking as a legit mate source of credit.
3. I read something about this recently. Basically, the major credit bureaus were aware of this and have already began changing how they consider these as apart of your rating. Legal, yes - but are they changing to make it meaninigless - yes. This will most affect those married people - where 1 spouse was piggybacking off of their partners credit.
4. I'll make this short, sweet and simple. No. Not only it's illegal, the credit bureaus are aware of this practice and they're no longer recognizing it.
5. It's not illegal, but Fico, the people who create the credit score math, have said they are now going to stop counting those trade lines that you are only a secondary person on in the score. I think those sites out there will continue to sell them if they are dishonest, but they no longer will have any effect on your credit report.
6. Yes, and FICO has no timetable to implement a scoring model change (see source article.) I endorse the seasoned tradeline programs. They can raise your score 100 points in 45 days so you can use your credit. Check out the free evaluation form at www.totaldebtsolutionsllc.com Good luck.
7. it maybe the case that this works, but just in case this loop hole goes away or you want someone to remove bad credit marks and increase your score for you use http://www.credit-report-repair.us. Comes with 1 full year of service, money back guarantee, toll free 800 number with live agents available Mon-Fri 8-5 pm CST, they contact you every 45 days and you only have to fax back papers from bureaus and companies. 24/7 online credit score results tracking. It's easy and it really works!