Authorized User

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January 1, 1 6 min read Definitions

Piggybacking Credit Score Authorized User Credit Repair Credit History Financial Scheme Underwriting Lenders

Piggybacking is a strategy used by individuals with poor credit histories to improve their credit scores by being added as an authorized user on the credit account of someone with a good credit rating. While it can temporarily boost a credit score, the practice is of dubious legality and may defraud lenders.