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How to Improve Your Credit Score

Does being an authorized user on someone else's account help my credit score?

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Markita Aldridge
Mortgage Consultant, WestStar Mortgage
www.thelendingadvisors.com  
703-497-3936

Markita has been called :The Queen of Mortgage Financing especially after a BK". Since 2002, Markita has been a top-producing loan officer with WestStar Mortgage located in Lake Ridge, VA. She offers her clients expert service in mortgage financing regardless of credit history. Markita's former career as a professional basketball player with the "Washington Mystics of the WNBA" has been her foundation for creating a TEAM atmosphere when dealing with her mortgage clients. She truly believes Together Everyone Accomplishes More! You can visit her website at <a>www.TheLendingAdvisors.com</a> for more information and several FREE mortgage reports that reveal lending secrets other mortgage bankers don't want you to know!

Does being an authorized user on someone else's account help my credit score?

 

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Host: Is being an authorized user on someone else s account help my credit scores?

Markita Aldridge-Woods: Oh yes; it did in the past. 10% of your credit score actually happens to be the overall credit history meaning how long have you had credit. Well, one way that people have used to boost their scores to get on an account with someone who s had credit for quite a long time and become a authorized user, that way you have already inherited their credit history to help manipulate your score. However, we have legislature here that has changed and with the last two credit bureaus coming on board, they are going to change that, it won't be able to help you. Also, be careful with doing something like that because if that person ever goes into the negative or they start paying late that also is going to be on your credit report as well.

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