This Company Wants You To Rent Your Credit History

  • 📰 Forbes
  • ⏱ Reading Time:
  • 74 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 64%
  • Publisher: 53%

Tradelines ข่าว

Credit History,Authorizd Users,Credit Score

Before joining Forbes Brandon worked as a reporter and editor at Bloomberg for seven years where he covered everything from sports to how negative rates impacted the Black-Scholes model. He joined Forbes in 2022 to cover financial markets. Forbes reporters follow company ethical guidelines that ensure the highest quality.

, a 27-year-old from Des Moines, Iowa with an MBA, is dead serious. She’s swapped insurance for the influencer business , and she’s been picking up $40 here and there with a scheme that sounds pretty shady.

On Tradeline Supply’s website recently a three-year-old Capital One card with a $5,000 limit was listed at $322. Meanwhile, a 19-year-old Chase card with a $69,700 limit was priced at $1,955–almost as much as the average AmericanThere appears to be quite a big mark-up involved. Social influencer Smith says she earned $40 from a sale that Tradeline Supply priced at $275.

“It’s not technically illegal, but whenever you have to say that something isn’t technically illegal, there’s something else wrong with it.” So in Regulation B implementing the act, the Fed required that lenders attribute payments to both the cardholder and the authorized user spouse in reports to the credit bureaus. In addition, when analyzing a person’s credit worthiness, lenders had to consider the history of any account in which the person was an authorized user spouse. But–and this is key–Regulation B didn’t require banks to figure out which authorized users were spouses and which weren’t.

, Tradeline Supply Company sidesteps any legal issues by stating that it “does not give legal advice and cannot definitively state what is legal and what is not.”, Tradeline defends the ethics of the practice–on the grounds that people manipulate their credit scores all the time. For example, the post notes, parents might put their 18-year-old on their oldest cards as an authorized user to help their kid build a credit record. Iba offers an equality spin to the argument.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 394. in TH
 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

A Pennsylvania company wants to burn old tires to power Bitcoin miningShredded tires have been used to power cement kilns and paper and pulp factories for decades.
แหล่ง: PhillyInquirer - 🏆 81. / 68 อ่านเพิ่มเติม »

Letitia James wants Trump's bond voided, cites bond company's lack of collateralClarissa-Jan Lim is a breaking/trending news blogger for MSNBC Digital. She was previously a senior reporter and editor at BuzzFeed News.
แหล่ง: MSNBC - 🏆 469. / 51 อ่านเพิ่มเติม »

Docusign Wants You To Know It’s More Than Just An E-Signature CompanyI'm a Forbes technology reporter and senior writer based in San Francisco. Send me tips at rnievaforbes.com or richardnievaprotonmail.com.
แหล่ง: ForbesTech - 🏆 318. / 59 อ่านเพิ่มเติม »

Peloton is a media company now, with media company problemsFrom a pandemic high of $50 billion to $2.1 billion as of December 2023, the business strategy has become as inscrutable as its fandom.
แหล่ง: verge - 🏆 94. / 67 อ่านเพิ่มเติม »