Finding ways to quickly and legally improve one’s credit
score is extremely important for most people. Whether they’re looking to buy a
house or just have credit cards with favorable rates, they need a solid credit
score. One method that has risen in popularity recently is to become an
authorized user of a credit card account that has a long and clean credit
history.
Creditors are required by law to report all
authorized credit accounts, also call tradelines,
to the three major credit bureaus, so by becoming an authorized user of someone
else’s tradeline, that person will have the account holder’s credit card
history listed on his or her credit report. So if that tradeline is “seasoned,” i.e. has a long and
spotless repayment history, a low debt ratio, and a high credit limit, the
authorized user of that account will see an immediate boost to his or her
credit score.
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