September 20th, 2013 Published by: marcocarbajo

1

Do Authorized UsersBuild Credit?

Will becoming an authorized user help buildyour credit? Learn how and with whom to become anauthorized user with to make the greatest impact to yourcredit scores.

For more information visit =>

http://www.businesscreditblogger.com

Do Authorized Users BuildCredit?Source: http://www.businesscreditblogger.com/2013/09/17/do-authorized-

users-build-credit/

Will becoming an authorized user help build your credit?

Not sure how and with whom to get added as an authorizeduser?

Well you’ve definitely come to the right place to get thestraight facts about how authorized users build credit andmore importantly how to do it so it positively impacts yourFICO® scores.

Did you know 15% of your scores are calculated by the lengthof your credit history?

You’ve probably heard the saying, “the best credit is old credit”,and nothing can be further from the truth.

Rebuilding credit can be frustrating at times since you haveto start all over again and have little to no payment history.Thankfully you don’t have to play the waiting game if you takeadvantage of becoming an authorized user.

So what is an authorized user?

In a nutshell, you can piggyback on someone else’s credithistory by being added as an authorized user on their credit

card account. As an authorized user you get to inherit all of thecredit history of that account on your own credit reports.

For example, if your spouse has a credit card for over fiveyears with perfect payment history and you get added as anauthorized user that five years of positive payment history willbe added to your own credit reports!

So to answer the question ‘”do authorized users build credit?”

Absolutely!

Did you know FICO® estimates that 50 million consumers are‘legitimate’ authorized users on someone else’s credit card?

But before you become an authorized user it’s important tounderstand that you must have a relationship with the primaryaccount-holder. This can be your spouse, domestic partner,family member, etc.

For the greatest impact to your FICO® scores a credit cardaccount with 5+ years of payment history, a low balance and a$5k+ credit limit is ideal.

Keep in mind while becoming an authorized user buildscredit history it should not be the only trade lines youutilize to repair your personal credit. Check out http://repairmycreditcourse.com and receive my free '7 Steps ToSuperior Credit Course'.

So how do you become an authorized user?

The cardholder will need to contact their credit card issuerand request to add an authorized user to their account. It’simportant that they ask whether or not the credit card issuerreports authorized-user data.

Unfortunately, not all credit card issuers do.

The good news is some credit card issuers such as Capital Oneallow cardholders to add an authorized user to their accountright online.

Remember, authorized users build credit but they aren’t acure-all. It’s simply a powerful and legal strategy that can helpyou rebuild credit history.

Looking for more ways to repair, restore and reclaim yourexcellent credit scores?

Go to http://repairmycreditcourse.com for a free course onhow to maximize your credit scores.

September 20th, 2013 Published by: marcocarbajo

2

To Your Success In Business and in Life!

Did This eBook Help You? If so, I would greatly appreciate ifyou like and shared this on Facebook and Twitter.

About the author

Marco Carbajo is a business credit expert, author, speaker, andfounder of the Business Credit Insiders Circle. He is a businesscredit blogger for Dun and Bradstreet Credibility Corp, theSBA.gov Community, and All Business.com .His articles andblog; Business Credit Blogger.com, have been featured in‘American Express Small Business’, ‘Business Week’, ‘TheWashington Post’, ‘The San Francisco Tribune’,‘Alltop’, and‘Entrepreneur Connect’. You can also find Marco on Google+.

Image courtesy of FreeDigitalPhotos.net