RAISE Your Credit Score With One Simple Phone Call!

John T. from Tuscon, AZ, used a simple "piggy-backing" strategy to add +120 points to his FICO.

To take advantage of this powerful strategy, follow these steps while watching TV from your favorite easy chair.

1. Pick a friend or relative with "good" credit, i.e. >720 credit score.

2. Explain to friend that you are tired of bad credit and request a favor.

3. You want your friend or relative to add you to his/her credit card account as an Authorized User.

4. Within 60 days (depending on the card issuer's tape) you will benefit greatly by "piggy-backing" off your friend's or family member's good credit.

Yes, this strategy is simple and it works. However, let's fill in some details allowing this "piggy backing" strategy to work as described.

Your friend or relative must:

A. Have >720 or better credit score with no "lates" on the account.

B. Have a "seasoned" account, i.e. active account for at least 5 years.

C. Have a higher credit limit, i.e. >$10,000.

D. Have a card from an issuer allowing Authorized Users and reporting your AU status to the Big 3 (Experian, TransUnion & Equifax).

E. Be trustworthy. If suddenly your financially responsible friend or relative suddenly became irresponsible, his or her irresponsible card behavior will pass to your credit file.

F. Want to help you. Though your friend or relative has no risk by helping you, as you do not necessarily receive a card, your friend or relative may not want to be inconvenienced.

G. Keep a balance less than 30% of card limit.

H. Use his/her card regularly.

Two Big "Players" Lower FICO

However, avoid American Express -- they report almost as poorly as Capital One.

Oops, did I say Capital One? I digress...that's a later lesson you'll want to hear...unless you're a Cap One card holder. If you're a Cap One card holder, then you will suddenly discover part of the mystery of your bad credit score.

Capital One and American Express should change the way they report to the credit reporting agencies. As you already may know, 30% of your FICO derives from the amount you owe.

Thirty (30%) percent...that's a huge factor.

Cap One and AmerEX don't report your credit limit. Instead, they report your credit "balance" _as_ your credit limit.

In other words, these two card issuers make it appear when reporting to the Big 3 credit bureaus that your $2,000 balance is maxed out on a $2,000 credit limit, suggesting your debt-to-credit ratio is 100%.

Not good!

Don't wait for the end of Grey's Anatomy. Pick up the phone during the next commercial and call your friend or relative. You don't need to go in to details about your bad credit, only that you want to improve your credit and would appreciate his or her help with absolutely no risk to your friend or relative.

Once he or she agrees, confirm your friend's credit card passes the test as described above.

This strategy for improving your bad credit really works.

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