I like the idea of the CD flipping but not really sure how that relates to credit and your credit score.
piggybacking is not a trick anymore. I will admit from what I’ve been reading it is still possible to become an authorized user on someone’s account, and for a hefty price, if the lender is still using the un-updated version of FICO 08. There is no way to tell if they are or not. If it works, great.
A few years ago, the creators of the FICO credit scoring system announced they would stop including authorized users in the latest version of their FICO scoring model (at the time dubbed FICO 08), which would effectively put an end to what they saw as a deceptive practice and manipulation of the system.
Here are the “tricks” I use.
1. Pay my bills that are reported to the CRAs on time first, if I need to wait until payday then pay cable(not reported), cell(not reported), and electric(not reported) but before the next billing cycle.
2. Use only 30 percent of my available credit. I’ve unfortunately tried carrying the large balance over month to month to show I can handle my credit obligations but my score suffered. After only two months I stopped that and my score went back up.