topic Re: Credit Card Help in General Credit Topics

Credit Card Help

Anonymous — Tue, 17 Apr 2007 16:04:00 GMT

Will becoming an authorized user on a relative's credit card increase my credit score? I currently have only one Capital One card with a $500 limit that is at zero. Shouldn't I see an increase if I proceed with the above? Also, his balance is roughly $300 with a $9,000 limit.

Re: Credit Card Help

Anonymous — Tue, 17 Apr 2007 16:06:23 GMT

I should increase your score based on age alone. Since you are already at 0 utilization it won't factor into that

Re: Credit Card Help

Anonymous — Tue, 17 Apr 2007 16:39:55 GMT

Interesting, I didn't know age played into it that much. I am currently 27.

Re: Credit Card Help

Anonymous — Tue, 17 Apr 2007 18:00:51 GMT

It's the age or length of credit history that Brammy is talking about, not your actual age. So if become an authorized user on a credit card that has a long history, i.e. open for several years with a solid payment history, and low utilization, then I agree that this should help increase your score.