Woah – You can Rent Your Credit Score?

by James & Miel on March 23, 2009 · 0 comments

Hi All,

Okay, this was news to me. I just saw an article from the Washington Post back in 2007. Evidently if you have good credit, you can rent it out from any where from $125 to $2,000.

While not having looked at this issue thoroughly I would personally be very concerned about allowing someone with bad credit to be associated with my credit score. – Even if you do get paid a couple of grand per transaction. Short-term gain might hinder your long-term wealth goals.

Lenders and the government hate it. Check out the write ups at consumeraffairs.com and the washingtonpost.com.

Best,

James

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