Authorized User Accounts · LetsGetFunded Starter (Free)

Authorized User Accounts

We have all heard of authorized user accounts. They have been used for rapid scoring improvement in the mortgage industry for decades.

If you are looking for rapid credit score improvement, think about becoming an authorized user on a family member’s (or others) credit card.

In essence, you are piggybacking off the primary account holder’s responsible use.

The main benefit of becoming an authorized user on a credit card is the fact that you can benefit from another person’s good credit and good payment history to enhance your own credit.

And you get this benefit without applying for a credit card of your own which would cause an inquiry and negatively adjust your total credit file age. Adding other people’s seasoned accounts adds positively to your credit file age and greatly lowers your credit utilization ratio.

The authorized user is given a card in their name and can make purchases, but they are not liable for the debt incurred. The primary cardholder is ultimately responsible for making the payments. This can be a great way for the authorized user to build their own credit history.

If the person granting another person to be an authorized user on their account has doubts or concerns, they can have the authorized user destroy the credit card issued or don’t have one issued to them at all. Have the secondary card sent to the primary account holder’s address. The point is to help another person benefit from the primary account holders great credit account.

When you find someone willing to make you an authorized user on their account look for these four things.

One, the higher the credit line the better. A $10,000+ credit line is preferred.

Two, ensure the credit card account has been open a long-time. 5+ years is good but 10+ years is great. Don’t be added to an account that has been opened for less than three years.

Three, make sure the credit utilization on the account is less than 10% or hopefully zero percent for best results.

Four, verify they have no late payments on this account.

Don’t know anyone you can piggyback off of but willing to pay for the service? Here is a trusted & verified vendor: https://funding.letsgetfunded.com/tr-list

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