Is piggybacking credit illegal?
Is piggybacking credit illegal? It is ethically and legally questionable. While there are no laws against paying for authorized-user privileges, lenders could consider it fraud if you apply for and accept credit on the basis of an artificially inflated credit score.
Is it true that after 7 years your credit is clear?
Highlights: Most negative information generally stays on credit reports for 7 years. Bankruptcy stays on your Equifax credit report for 7 to 10 years, depending on the bankruptcy type. Closed accounts paid as agreed stay on your Equifax credit report for up to 10 years.