So I am trying to boost my credit score. My wife has insanely good credit, around 810. She has many goodstanding cards with old history (some from the 90's!) and high credit limits that she doesn't use very often, maybe small recurring charges here and there (Netflix, ADT, etc.) She also never missed a single payment or held any debt on them. My overall credit limit is low and one of the things keeping my score down is that I use too much of my credit each month and even though I pay the entire balance off each month, it still hurts my score. My credit card providers have denied my requests to raise my limits because I recently had too many hard hits to my credit by signing up for multiple cards (Target, Sears, etc.) and I have some medical bill collections.
If she adds me as an authorized user to a few of her high limit cards, will that boost my score much? Considering that it should raise my overall credit limits?
The other important question would be, does this cause any harm to her credit? Does it add hard hits to her report for each instance that I'm added? Of course I understand that if I ever used the cards and didn't pay them on time or did some other kind of bad credit behavior with them that it would reflect on her report as well, but I will never use them - simply just looking to be added to help my own credit report.
Any advice? Good or bad idea? Is it a myth? Does it really work and boost someone's score much? 21 questions, sorry.. LOL!
