"Share Your Credit"

[Jessica Parker]

Hey fellow BP'ers!  So I just stumbled upon this website (shareyourcredit.com) and I'm wondering if anybody here has had any experience with it?  I'm debating giving it a try, but I'm pretty leary still and would love to hear if anybody has heard of or tried it.  To sum it up, it's basically a company that tries to help individuals with low credit scores by matching them with people that have good credit scores.  They then "piggyback" on your credit for 1-2 months.  Your credit history then becomes their credit history on the accounts they are added as an authorized user.  The person with the good credit is paid monthly.  I have scoured the internet trying to find more information on this process and this company in particular, but haven't really learned anything other than what they say on their site.  I would love to hear thoughts on this.  There doesn't seem to be any risk as the person piggybacking does not have any of your financial information..not even your name.  It seems like it could possibly be some nice passive income to help save up for my real estate investing!

Look forward to hearing your opinions! :)

[Scott Trench]

I've worked for years to build my credit - it's a reflection of my financial dignity and brings opportunities to me in real estate that  have already produced hundreds of thousands of dollars in value and that I believe will produce future value into the millions or tens of millions of dollars. I would never risk that to someone that has a history of making bad financial decisions such that they are reflected by a poor credit score. A few bucks is meaningless in comparison to risking losing the ability to leverage on the best financial terms available.