Benefits Of Being An Authorized User
There are many benefits to becoming an authorized user on friends or family
members credit cards, but you must know exactly how it works in order to get the
full benefit.
Being added to just any card will not always...
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Benefits Of Being An Authorized User
There are many benefits to becoming an authorized user on friends or family
members credit cards, but you must know exactly how it works in order to get the
full benefit.
Being added to just any card will not always help, and can actually hurt
your score in some situations.
The following information is designed to help you
understand how authorized user accounts can help you when used properly.
So,
what is an authorized user you may ask? This term refers to when a cardholder adds
you to the account and assumes financial responsibility for your spending and use of
that card.
Most cards will send the account holder a card with your name on it upon
being added to the account.
The greatest benefit from this is acquiring the entire
credit history of that card on your credit reports.
It is very important that you know the details of the card before you are added to it,
as you will adopt all of the history, good and bad.
First, you will want to find
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