Inheriting Good Credit?
I went to a real estate agency and long story short I did not qualify for a loan I wanted because of my credit the agent told me that because my grandmother has good credit she could put me on her credit cards as an authorized user and even if I never used the card my credit would improve because her credit is really good. Does anyone know anything about this?
Never heard anything about that. They are propbably trusting you because of your family but I dont see how that has anything to do with your personal credit. You still will want to attempt to get yours as good as possible.
Does anyone know if adding an authorized user to your credit card account will "lower" the cardholders score? I understand the raising the authorized users score, but what about the cardholder? Thanks in advance. EB
I have used this technique with a business. If you are going to an new state and setting up a new corporation it is easier to get credit if you buy an existing one that has had trade lines over the years. Many small mom and pop businesses have "S" "C" coprorations and when they retire they defunct them. It is worth $500 or $1000 to buy their history and they can use the $$.
[addsig]
actually yeah I got the copy of my credit report and it is inaccurate I have student loans from the gov and because (for example) two reporting agencies reported the same loan they added the same loan twice. I know for a fact that I have about $4500 in loans but on this report it says $7200. And I have a gas bill that was multiplied by three because it was reported by all three agencies. So in total I am about 11000 in debt and it shows on the report as 15500.