credit scores for sale
2007-06-04 17:27:14.10029+02 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.
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#Comment Re: made: 2007-06-04 19:15:02.016445+02 by:
petronius
In Billy Wilder's comedy One, Two, Three, Jimmy Cagney gets a young man adopted by a penniless duke so he can claim nobility. This sounds like much the same.
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