@RLFLOWS wrote:Hello. After years of credit repair my current FICO score are Experian 743, Equifax 737 & Transunion 735. My question is if I was to add an Authorized User credit card with a minimum $5,000 & minimum 5 years credit history how would it affect my credit score.
Assuming you are asking what would happen if you were made an Authorized User on someone else's credit card, I would think the impact would be minimal given your current scores.
@RLFLOWS wrote:Ok. I have 13 credit cards @ 30% utilization. $67,500 in credit limits. No negative accounts. A car loan, a regular loan & a checking line of credit all with Navy FCU. 3 closed accounts paid off. Average age of credit is 2.7 years with my oldest account at 14.7 years.
You're doing fine in your credit repair journey on your own. You would accomplish little if anything by becoming an authorized user and might lose points for adding the new account. What you need to do is to NOT add anything new. Just pay down the cards you have. It's not exciting I know, but that's where you'll get the gains -- passage of time + paying down balances.
AU accounts are to help someone with no credit history build credit history. You have established history. It's a waste of time.
