As long as you pay your bills on time, there should be no affect on their credit at all. I've been monitoring/managing my credit for several years now (got a nasty taste of ID theft) and I can tell you that the simple truth is that there is only one way to build your credit postively, and that's to establish and pay off your credit accounts on time. Just because you have a co-signed loan or a shared credit card, your history (and the history of your co-signee) will still just be your individual history. Sharing a credit account with someone who has good credit will probably get you access to better terms and rates, but there isn't a halo effect on either your credit or theirs - unless you fail to make payments on time. If you're looking for more info on this, here's a good overview: http://learn.equifax.com/cs/Satellite?c=DS_General_Cont_C&childpagename=DecisionSimple%2FDS_General_Cont_C%2FDSGeneralContentTemplate&cid=1164040850481&pagename=DecisionSimple%2FPage%2FDSLayoutTemplate&ParentLinkID=1162919656130 CORRECTION: I have been told by Equifax, and by my two credit card companies that adding my fiance as an authorized user will likely improve his score, because my credit cards companies do report on the authorized users credit as well, giving them your entire account history, which if you have always paid on time, should improve the authorized users score. But not every credit card company does this, you just need to ask them. (I use Citibank and Capital One). UPDATE: Adding someone as an authorized user no longer helps them improve their credit. This practice, known as piggybacking, was ended in 2007 as a result of substantial abuse by third party brokers that would help people lease out their good credit to those who needed a credit boost. There is no longer a credit benefit resulting from authorized user status.
Yes, adding someone as an authorized user can potentially affect your credit score. If the authorized user has a good credit history, it may have a positive impact on your credit score. However, if the authorized user has a poor credit history, it could potentially have a negative impact on your credit score.
It negatively affects both the primary and the authorized user credit score and report.
No, the credit score of the authorized user will not affect the main cardholders credit score but the authorized users score can be affected as you can see creditcardideas.com/blog/adding-an-authorized-user-to-increase-credit-scores
Yes, adding an authorized user can potentially affect your credit score. If the authorized user has a good credit history, it may have a positive impact on your credit score. However, if the authorized user has a poor credit history, it could potentially have a negative impact on your credit score.
No, having her listed as an authorized user will have no impact on your credit score.
Yes, adding someone as an authorized user can potentially affect your credit score. If the authorized user has a good credit history, it may have a positive impact on your credit score. However, if the authorized user has a poor credit history, it could potentially have a negative impact on your credit score.
It negatively affects both the primary and the authorized user credit score and report.
No, the credit score of the authorized user will not affect the main cardholders credit score but the authorized users score can be affected as you can see creditcardideas.com/blog/adding-an-authorized-user-to-increase-credit-scores
Yes, adding an authorized user can potentially affect your credit score. If the authorized user has a good credit history, it may have a positive impact on your credit score. However, if the authorized user has a poor credit history, it could potentially have a negative impact on your credit score.
No, having her listed as an authorized user will have no impact on your credit score.
No. It will only affect the top layers of skin. It doesn't affect behaviour. If someone displays changes after having a tattoo than I would suggest that these problems were already part of their psyche.
yes it does affect getting a new job.
AN authorized user cannot be held responsible for a primary holder's debt in any case. Only a joint holder can be liable for the debt. YES OF COURSE
Only if it was your fault. If someone ran into you, you have no control over this.
It will not affect your credit at all. Their credit information was used to secure the card. You are in the clear.
Bad debt can affect your credit score which would impact getting a loan, purchasing a home, or getting some jobs. It can impact your long term financial stability by inhibiting someone from saving money for future expenses.
Believe it or not, it can. It all depends on how quickly stuff is moving through your system. If your birth control is going right through you and not getting absorbed, you could get pregnant.