2006-08-12 00:37:57 · 17 answers · asked by grahame d 2 in Business & Finance ➔ Credit
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
2006-08-12 00:45:03 · answer #1 · answered by Milly (UK) 3 · 0⤊ 2⤋
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.
2006-08-12 10:56:01 · answer #2 · answered by brittme 5 · 0⤊ 1⤋
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
2006-08-12 07:41:20 · answer #3 · answered by SunnyDays 5 · 1⤊ 1⤋
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.
2006-08-12 13:53:24 · answer #4 · answered by STEVEN F 7 · 0⤊ 1⤋
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.
2006-08-12 08:54:20 · answer #5 · answered by Jan4 4 · 0⤊ 1⤋
It takes time to boost your credit rating. However, you can buy points when getting a mortgage in order to lower your interest rate.
2006-08-12 23:12:50 · answer #6 · answered by endsjustmeans 3 · 0⤊ 1⤋
Scam Scam Scam Scam
2006-08-12 07:52:42 · answer #7 · answered by Anonymous · 1⤊ 1⤋
Not true. Credit ratings would be worthless if you could buy a good rating.
2006-08-12 08:01:16 · answer #8 · answered by Anonymous · 1⤊ 1⤋
Of course not! Anyone who claims so is a scam artist.
2006-08-12 09:10:20 · answer #9 · answered by Bostonian In MO 7 · 0⤊ 1⤋
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
2006-08-12 09:08:28 · answer #10 · answered by Anonymous · 0⤊ 1⤋