loose tooth Posted March 18, 2007 Report Posted March 18, 2007 Instead of getting secured cards to help repair credit, I would like to be an authorized user on one of my family members cards. (They are willing to help me out) Is being an authorized user reported to all 3 credit bureaus?
hawaiiguy Posted March 18, 2007 Report Posted March 18, 2007 Yes, it would help you out as you would get the main card holder's entire history. But with that said, you get the entire history, lates, etc....Also you want to make sure that they are not over utilitzing the card, as that could hurt you as well. Plus remember that if all of a sudden they decide not a pay, you are responsible for it, as I learned the hard way!
newbie7069 Posted March 18, 2007 Report Posted March 18, 2007 Yes, it would help you out as you would get the main card holder's entire history. But with that said, you get the entire history, lates, etc....Also you want to make sure that they are not over utilitzing the card, as that could hurt you as well. Plus remember that if all of a sudden they decide not a pay, you are responsible for it, as I learned the hard way!You would only be financially responsible for an account if you were a joint user not an authorized user.To the OP, please do some searches for "authorized user" it'll give a lot if insight into it as well as let you know which companies report AU and which do not.
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