Authorized User Accounts…
Wouldn’t it be nice if you could just add an account to a consumer’s credit report, and it automatically has a 2 year PERFECT pay history? Well you can, AND it is 100% legal.
Authorized user accounts are the only legal way to back-date credit reports and add past positive credit history. An authorize user is when a family member or firend calls their existing credit card company, and asks to have anyone added as a user. This allows the consumer to use the card, but they are not required to have their credit pulled to qualify for the account.
What happens is that once the consumer becomes an authorized user, the account is then added to their credit profile. The newly added authorized user, receives the full benefits of the long-standing positive pay history account.
This means their credit scores go up, just as if they had a 2 year perfectly paid account on their credit for years. And the impact to their scores is immediate and substantial.
And make sure you get added to a long-standing account, with positive credit history, and that the creditor reports authorized user accounts on the credit report.
Curtis P. Henderson
Qwest Credit Enhancement
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