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credit cards faq/glossary
The most common questions asked about Credits Cards.
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Credit Card Glossary
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Piggybacking
definition
What does Piggybacking mean?

Piggybacking in simple words is becoming eligible to show up a good credit scoring (thus being able to borrow more), and one can do this if he/she is taking on his credit report an authorized person who has an actual excellent credit scoring.

It is generally the case between relatives (parents-children; between brothers; husband-wife and so on), although reasons for great polemic were going on in the last years on the market because credit repair companies took advantage of bad credit holders by selling out “good spots” to them for high sums: a good credit scoring holder would give out on a rental basis his spot to the credit repair company for $250-300, and the credit repair company would further offering it to the bad credit holder for $600 for example.
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