The Credit Score Black Market: Buying and Selling Trade Lines

You may have heard about companies that sell the credit history of others to consumers who have poor or limited credit. It’s referred to as “buying credit”, “renting credit”, or “adding seasoned tradelines”. These credit brokers target real estate professionals who desperately need to find qualified homebuyers, especially in today’s market where heightened credit standards… Continue reading The Credit Score Black Market: Buying and Selling Trade Lines

New Bill May Block Credit Cards for Illegals

It was reported by the Wall Street Journal that Bank of America will begin offering credit cards without the need for a social security number or credit history. These credit cards are likely aimed at illegal immigrants, mainly Hispanics who lack citizenship, but whose population continues to grow exponentially in the United States. The terms… Continue reading New Bill May Block Credit Cards for Illegals