Crazy practices in the mortgage industry.
Perhaps I'm naieve, but I was shocked to learn of this practice.
It's essentially "renting" out your credit history to others for them to obtain a higher score. I'm not sure how widespread this practice is, but I would think that it contributes to the higher rate of defaults.
'Piggybacking' Roils Credit Industry
It's essentially "renting" out your credit history to others for them to obtain a higher score. I'm not sure how widespread this practice is, but I would think that it contributes to the higher rate of defaults.
'Piggybacking' Roils Credit Industry
Comments
Regulators must have been appointed by Bush from his frat class drinking buddies>