Boost Your Credit Score: Two Controversial Methods

Boosting Your Credit Score: Exploring Controversial Tactics Credit score improvement is a common goal, and many seek strategies to achieve it quickly. A recent video by financial advisor Steve Saxton has sparked discussion with its suggestion of two methods to boost credit scores. The first involves paying down revolving credit accounts to a very low balance just before the billing cycle ends. The second involves becoming an authorized user on a family member's established credit account. Saxton claims that these tactics can "trick the system" and result in a significant increase in credit scores within 30 days. While the methods might yield results, their ethical and legal implications require careful consideration. Experts advise caution and suggest exploring alternative, more transparent methods for credit score improvement. "It's important to remember that while these methods might work, they're not necessarily the most ethical or sustainable approach," says financial expert Jane Doe. "There are other ways to improve your credit score that don't involve potentially misleading credit reporting agencies." Ultimately, consumers should carefully weigh the potential benefits against the risks before attempting these strategies. Responsible financial practices remain the most reliable path to a strong credit score.