Repair Credit Score

Question: Credit Score?

Ok, so I was told by a real estate agent to have a friend or somebody with higher Credit Score to add me onto their credit cards, so that I can benefit from their history, but I just read that The scoring process is different and I won't benefit from their history.. is this true? or how does this work?

Answer: You would have to be added as a joint or co-signer to get any credit for the account.

This was changed for the very reason you are asking about, lot's of people bought seasoned accounts so their score would go up and they could qualify for loans that they would not on their own.

This is a big part of the sub-prime housing problems that we are reading about.

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