Moderator Emeritus
Brammy
Posts: 5,436
Registered: ‎03-10-2007
Sir Kinght   You can always ask someone to add you as an...
[ Edited ]
Sir knight
 
You can always ask someone to add you as an Authorized user to one of their credit accounts.  It will keep your credit from reporting on their bureau in case you run into hard times.  Make sure when they do, it is with a company that reports authorized users.  I have two cards that I have my son listed on as Authorized user simply because he is at the age where hanging out with mom at the mall is considered lame.  Just recently opted him out of pre-approved offers after getting several invitations from chase, AMex, discover and the like.  Keep in mind, he's only 14 yrs old. 
 
An AU account can help boost your score, however, return the card to the person who gave you the AU status and never use it.  If you were to have them co-borrow on a card and you missed payments, it would mess up their history as well. An authorized user account is much easier to get removed.  Hopefully your friend would remove you as authorized user the minute they realized they were hitting financial troubles if it came to that.


Message Edited by Brammy on 03-11-2007 03:46 PM

Message Edited by Brammy on 03-11-2007 03:46 PM