I just pulled my credit report, i need to improve on my scores. My utilization is damaging my score since i have about a 3k balance on a "closed at consumer request" account, and all other accounts are closed. My mother-in-law has steller credit, and is willing to help by adding me as an authorized user on some of her credit cards, i don't know specifics, but she says she has a few cards which she has no balance which add up to about an 18k credit limit. Most of her cards are 5+ years old. My credit report oldest account is 5 years with AAoA of 2 years. I have these specific questions:
- Will there be any negative effect to mother-in-law? fees, etc. (I will not be spending)
- Is there any barrier to adding AU's (ex.: credit check, relationship requirements)?
- Does the age of her accounts become my age of accounts as well?
- Is it worth it? Basically going from $0 CL w/Bal of 3k, to 10-18k CL w/bal of 3k
