Myth 8: Piggybacking does not work anymore

2010-09-01 85

It's another myth. FICO 08, the new scoring system, was supposed to change the way piggybacking (or Authorized User) rules were measured, but they have since decided to change that (thanks to a Lawsuit). Ultimately most lenders are still not using FICO 08, even though it's been out for a couple of years already.