I have heard that it is possible to buy points to boost your cridit rating is this true??

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grahame d

I have heard that it is possible to buy points to boost your cridit rating is this true??

Milly (UK)

I had to laugh when I first read this as I thought you meant points on Yahoo Answers. I thought to myself who in their right mind would want to pay for points.

Sorry now I know you what you mean LOL

king

Highly impossible

SunnyDays

No, schemes and things like this are scams, the only way you can rebuild a poor credit history is to stay in one place for more than three years, and keep all payments up to date, and don't take on anything you cant handle! It takes time and patience, but that's the only way to get a better credit record

Wussupp!!!

Simple answer. Not true. Don't believe anything you hear.

cherox

Do not fall for this scam.

manic

Not true. Credit ratings would be worthless if you could buy a good rating.

Ian :-)

Scam Scam Scam Scam

Johnsmatrix

Noooooo way.

Jan4

No way this can be true. If it was, everytime someone had a credit issue, they'll just purchase points to raise their credit rating.

This has to be a scam.

MSMORTGAGE

No it is not true.

STEVEN F

The closest I've ever heard of to this relates to mortgage loans. It is possible to 'buy' a lower interest rate. If anyone says they can increase your credit score, its a scam.

bostonianinmo

Of course not! Anyone who claims so is a scam artist.

Just Me

No..that's not true. You can buy however an AU or authorized users card...but it's to expensive...do it the right way

lizzie

its a scam

epizan

It's a scam.

endsjustmeans

It takes time to boost your credit rating. However, you can buy points when getting a mortgage in order to lower your interest rate.

brittme

No that is not possible and its probably a scam, which is illegal. The only points that I know about are on your mortgage and you purchase points in the closing cost or in your prepays to lower your interest rate. But, I don't think you can with credit. The only way to rebuild credit is to pay your bills on time, don't have too much open credit and no collections, bankruptcies and/or foreclosures.

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