piggy backing for a good credit score
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Thread created 09-28-2012 by Scampsters
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The only risk in adding an authorized user falls on the side of the actual account holder. The account holder assumes all responsibility in paying whatever charges the authorized user makes. ...
piggy backing for a good credit score
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Thread created 09-28-2012 by Scampsters
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The authorized user's history will not affect your credit score, nor will yours affect theirs. What will affect both of you is how that particular shared account is used and paid satisfactorily...
piggy backing for a good credit score
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Thread created 09-28-2012 by Scampsters
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I read that people did this in the past and i realise the risk to a persons good credit score doing this but is this even still possible.
piggy backing for a good credit score
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Thread created 09-28-2012 by Scampsters
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that's wrong......the history would affect if you ever late on your payment .......i got one of my accout remove as a author and my score jumb about 15 points because account had some late payment on...
piggy backing for a good credit score
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Thread created 09-28-2012 by Scampsters
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If I make someone who has poor credit an authorized user on one of my cards, will it negatively impact my personal credit score? Or will it only improve theirs?
piggy backing for a good credit score
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Thread created 09-28-2012 by Scampsters
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yes, some cards even send "authorized users" to the credit bureau like discover
piggy backing for a good credit score
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Thread created 09-28-2012 by Scampsters
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Yes. Credit limits on authorized user accounts factor into your overall credit available, hence your overall utilization ratio. This can be an effective tool to keep your overall utilization ratio...
piggy backing for a good credit score
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Thread created 09-28-2012 by Scampsters
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Question: SO does being added to someone else credit card as an authorized user show on your credit report as a higher overall credit amount?
What I mean is, if i have $10,000 worth of line of...
piggy backing for a good credit score
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Thread created 09-28-2012 by Scampsters
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Right, that's exactly what I said (although I used correct spelling, punctuation and grammar). If you or the authorized user are late on a payment on the joint card, that's action reported on both...
piggy backing for a good credit score
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Thread created 09-28-2012 by Scampsters
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Well I'm not an expert, I'm just going based on the Discover card and what they have done for me or the wife.
Story:
I have placed my wife as an authorized user on my discover card, she supplied...
