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So there is good news for sensible consumers who are looking for getting good rates on their credit cards and other loans. Piggybacking is back in. FICO was prepared to spell out the credit-score increasing technique of supplementing another authorized user to an account held by those who are having good credit, but they suspended for proceedings. Here is how everything went…

FICO declared that it changed its mindset during Congressional testimony as reported by CreditCards.com. Earlier, adding an authorized user to your account was used by parents to support their children for earning good credit scores. As the housing bubble strengthened, private credit score increasing companies would “rent” authorized user slots to poor credit scorers so they can get loans which they were unable to get earlier. When FICO generated a new scoring system, FICO 08, in direct reply to the credit checking industries lose to rightly check and score credit. They said that they were killing the piggybacking. Mike Campbell, FICO COO said, that have the technology that makes it tough to game the system.