Comments on: An Interesting Loophole In The Credit World To Make A Few Bucks – But Is It Worth It? http://www.myinvestingblog.com/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/ Teach Your Money To Think! Fri, 10 Feb 2012 18:37:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: KG http://www.myinvestingblog.com/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2058 KG Fri, 13 Feb 2009 22:41:47 +0000 http://myinvestingblog.com/2008/08/13/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2058 This could be one of the most foolish things you could do to your credit standing. There is a reason why people have bad credit and letting them use yours is just dangerous. <em>KG's last blog post..<a href='http://www.creditscoreinsight.com/the-personal-effects-of-a-good-credit-score' rel="nofollow">The Personal Effects of a Good Credit Score</a></em> This could be one of the most foolish things you could do to your credit standing. There is a reason why people have bad credit and letting them use yours is just dangerous.

KG’s last blog post..The Personal Effects of a Good Credit Score

]]> By: hank http://www.myinvestingblog.com/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2056 hank Thu, 21 Aug 2008 04:09:06 +0000 http://myinvestingblog.com/2008/08/13/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2056 @Frank - I have to imagine it will catch on sooner or later; but for now it is open and ripe for the picking it appears. @Brack - I'm in the same boat. Might be a tough go if you're interested in your credit score. @T Edwards - Agreed, not a lot of benefit here. The only way I can possibly think it might be beneficial is if you're completely broke and not planning to use your credit in the future either. Or as a last ditch before bankruptcy; again a huge pitfall, but trying to see both sides... @Alisa and @Zombie - Yup, it's a huge risk that clearly some are willing to jump on though, eh? @Frank – I have to imagine it will catch on sooner or later; but for now it is open and ripe for the picking it appears.

@Brack – I’m in the same boat. Might be a tough go if you’re interested in your credit score.

@T Edwards – Agreed, not a lot of benefit here. The only way I can possibly think it might be beneficial is if you’re completely broke and not planning to use your credit in the future either. Or as a last ditch before bankruptcy; again a huge pitfall, but trying to see both sides…

@Alisa and @Zombie – Yup, it’s a huge risk that clearly some are willing to jump on though, eh?

]]> By: Zombie Money http://www.myinvestingblog.com/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2057 Zombie Money Thu, 21 Aug 2008 03:22:02 +0000 http://myinvestingblog.com/2008/08/13/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2057 Way to risky for me. <em>Zombie Money's last blog post..<a href='http://zombiemoney.blogspot.com/2008/08/zombie-free-items-wednesday-free.html' rel="nofollow">Zombie Free Items Wednesday! FREE Starbucks gift card!</a></em> Way to risky for me.

Zombie Money’s last blog post..Zombie Free Items Wednesday! FREE Starbucks gift card!

]]> By: Alisa http://www.myinvestingblog.com/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2052 Alisa Mon, 18 Aug 2008 07:49:39 +0000 http://myinvestingblog.com/2008/08/13/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2052 Not worth the risk and the long-term headaches this may bring. <em>Alisa's last blog post..<a href='http://ourstockmarketjourney.blogspot.com/2008/08/audacity-of-hope.html' rel="nofollow">The Audacity of HOPE - August Give Away</a></em> Not worth the risk and the long-term headaches this may bring.

Alisa’s last blog post..The Audacity of HOPE – August Give Away

]]> By: Weekly roundup: Getting rid of stuff edition | Sense to Save http://www.myinvestingblog.com/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2051 Weekly roundup: Getting rid of stuff edition | Sense to Save Fri, 15 Aug 2008 16:28:20 +0000 http://myinvestingblog.com/2008/08/13/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2051 [...] An interesting loophole in the credit world to make a few bucks–is it worth it? At My Investing Blog [...] [...] An interesting loophole in the credit world to make a few bucks–is it worth it? At My Investing Blog [...]

]]> By: T Edwards http://www.myinvestingblog.com/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2055 T Edwards Thu, 14 Aug 2008 18:53:52 +0000 http://myinvestingblog.com/2008/08/13/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2055 Unbelievable. You'd have to be a damned fool to rent your credit score out. I can't think of a single way that this could benefit you...the small fee that you collect would quickly be overshadowed by your own hard won and falling credit score. Joe Poor Credit on the other hand would be long gone with the cash, the cars, the motorcycles and what ever else he used your credit for. Not me. No way. T <em>T Edwards's last blog post..<a href='http://poverty101.net/2008/08/12/luck-favors-the-prepared/' rel="nofollow">Luck Favors The Prepared</a></em> Unbelievable.

You’d have to be a damned fool to rent your credit score out. I can’t think of a single way that this could benefit you…the small fee that you collect would quickly be overshadowed by your own hard won and falling credit score. Joe Poor Credit on the other hand would be long gone with the cash, the cars, the motorcycles and what ever else he used your credit for.

Not me. No way.

T

T Edwards’s last blog post..Luck Favors The Prepared

]]> By: Brack http://www.myinvestingblog.com/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2054 Brack Wed, 13 Aug 2008 14:11:35 +0000 http://myinvestingblog.com/2008/08/13/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2054 I was tempted to do this when I first heard about it... I mean - that's an incredible passive income opportunity. But, yeah, it isn't worth the identity theft potential, the hassle, and the hit that my credit could take... <em>Brack's last blog post..<a href='http://goliathdebt.blogspot.com/2008/08/now-vs-later.html' rel="nofollow">NOW! vs. later</a></em> I was tempted to do this when I first heard about it… I mean – that’s an incredible passive income opportunity. But, yeah, it isn’t worth the identity theft potential, the hassle, and the hit that my credit could take…

Brack’s last blog post..NOW! vs. later

]]> By: Frank http://www.myinvestingblog.com/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2053 Frank Wed, 13 Aug 2008 13:13:30 +0000 http://myinvestingblog.com/2008/08/13/an-interesting-loophole-in-the-credit-world-to-make-a-few-bucks-but-is-it-worth-it/#comment-2053 Wow, I had no idea you could do this. I'm willing to bet a majority of Congress doesn't know either. This will be interesting to watch as it gains in popularity. <em>Frank's last blog post..<a href='http://milkyourmoney.com/2008/08/12/wear-things-out/?&owa_from=feed&owa_sid=' rel="nofollow">Wear Things Out</a></em> Wow, I had no idea you could do this. I’m willing to bet a majority of Congress doesn’t know either. This will be interesting to watch as it gains in popularity.

Frank’s last blog post..Wear Things Out

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