credit scores for sale
2007-06-04 15:27:14.10029+00 by Dan Lyke 1 comments
Interesting story about how lenders are nervous about the practice of "piggybacking" on FICO scores.
Estruch paid $1,800 in December for three credit card spots, and by January, his FICO score jumped from 550 to 715. In mid-March, he closed on his four-bedroom beige stucco house after obtaining a 30-year fixed-rate mortgage from a unit of American Home Mortgage Investment Corp. It carried a 7.5 percent interest rate and required no down payment.