Authorized user questions

[Anonymous]

I have been rebuilding for exactly two years and I have somehow managed to get my scores from a 480-510 range to a 619-622 range which I am so excited about. However, I really want to buy a home around February. If I were to have a close friend of mine who has nearly perfect credit and has for a long time, add me as an authorized user on one of his credit cards to give me a bump in scores what are the risk for both me and him both? I am trying to keep my utilization as low as I can but as of today I am at 32%. If he adds me on one of his cards and his utilization is around 6% will having me as an authorized user using 32% hurt his score. I should add I am talking about not using his credit card he adds me to at all. I told him I don't even want a card and that he can just cut mine up or something. I just want a little boost to my score. Any advice for me or for him?

Thanks

[RobertEG]

If you are added as an AU under his account, his account info will report to your credit file.

It does not affect his scoring UNLESS he lets you have a card and permits you to add debt to his account.

The peril to you is that you have no control over what he does under his own credit history/account.

He can accrue delinquencies or other derogs, and can run up the % utilization, and you wont be aware for until a month or more later.

You must monitor your credit report a bit more closely to make sure the AU is still helping.