macy Rep Points:
500
Posted on
November 6, 2007
at
2:30 pm
Does having a family member to be an authorized user can help with building your credit score? Especially if that person have a good checking account status?
Posted on
November 6, 2007
at
2:30 pm
When you say an authorized user do you mean a user on your credit card account? There is a method in which you can add the payment history of your credit card to a family member's credit report by making them an authorized user (you must call the credit card company and have them do this...it will require them taking the family members social security number). Keep in mind if you start to make late payments this will also affect the family member's credit. Checking account status is irrelevant for this.
macy Rep Points:
500
Posted on
November 6, 2007
at
2:30 pm
Oh how about having a supplemental credit card from in laws? We have the same credit limit but how we perform on our credit will also affect the one in my in laws right?
Posted on
November 6, 2007
at
2:30 pm
It is better not to have anything like that, you may land in problems in future!
Posted on
November 6, 2007
at
2:30 pm
Even its from your immediate family? Oh I see maybe it depends some family members don't participate well.
