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Hello,
I am trying to rebuild my credit as soon as posible, started working on deleting some collections that were'nt mine
I recently got a secured card too.
My question is: If i get some tradelines as authorized user, will that help my score?
thank you!
I did this with a couple of my husband's positive accounts and it's actually helped mine.
Just make sure there is absolutely NO negative history on the accounts and that the utilization is roughly 10%.
@paop wrote:Hello,
I am trying to rebuild my credit as soon as posible, started working on deleting some collections that were'nt mine
I recently got a secured card too.
My question is: If i get some tradelines as authorized user, will that help my score?
thank you!
Yes it can help you IF the account is older than any of yours, IF the payment history is long and clean, IF the utilization is very low, and IF it will report to the CRA's. Not all cards will do this. You need to ask the company first. You will inherit the entire history of this account. One caveat however; if this account starts to go south your credit will be affected as well. Keep that in mind.
From a BK years ago to:
7/09 TU-742 EQ- 779
8/09 TU-765 EQ- 783
9/09 EX pulled by lender 802
You can do the same thing with hard work
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Thank you very much!!!!
As I am continuing to clean up and repair my credit, my mother has been kind enough to make me an authorized user on two of her accounts. RadioShack and Lowes. Both are very old with low balances and pristine histories. Radioshack was added three weeks ago,today (4/1) it posted on my credit report and raised my score 23 points. I'm on my way back,slowly but surely.