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Debt Reduction -- Paying off debts in order to improve my FICA Score

This is a discussion on Debt Reduction -- Paying off debts in order to improve my FICA Score within the Other Business & Finance Law Issues forum, part of the BUSINESS & FINANCE LAW category; I\'m working on paying off debts in order to improve my FICA Score. One of my ideas,in order to expedite ...

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Old Feb 25th, 2009, 03:26 PM   #1
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Confused Debt Reduction -- Paying off debts in order to improve my FICA Score
I\'m working on paying off debts in order to improve my FICA Score. One of my ideas,in order to expedite the process: Set up my own (under corporate name or foundation hiring a private atty as pres./CEO) credit reporting agency; or finance/credit agency to assume/take over my debts.

QUESTION: Can this be done? Is it legal?
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Old Feb 26th, 2009, 12:38 PM   #2
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Default re: Debt Reduction -- Paying off debts in order to improve my FICA Score
The lender would have to approve.

And they are not likely to do that frankly.
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