full text:
VantageScore(sm) and Equifax Risk Score Exclude Authorized User Accounts
Over the past several months, Equifax has learned that individuals are paying to become authorized users on credit card accounts of people who have excellent credit. These people use their purchased "authorized user" status to artificially boost certain credit scores to gain access to a loan or loan terms they otherwise would not qualify for. "Piggybacking" on someone else's credit is a major concern to lenders, especially within the mortgage community, who are trying to protect their businesses from loan delinquencies and foreclosures.
In the wake of these concerns, Equifax Inc. (NYSE:EFX) emphasizes that VantageScore(sm) and the Equifax Risk Score 3.0 are not - and never have been - impacted by the authorized user manipulation. Authorized user information is excluded in calculating both VantageScore and the Equifax Risk Score 3.0.
"Being an authorized user on someone else's account does not demonstrate an individual's ability to pay their credit obligations. For this reason, it does not make sense to include authorized users in the calculation of a credit score," said Lisa Zarikian, who leads Equifax Predictive Sciences and was a member of the team that created VantageScore.
Web site: http://www.equifax.com/

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