I heard that the new version of FICO (the credit scoring formula) eliminates the benefit of authorized user accounts. Is this true?

Prior to the release of FICO 08 (the latest version of the FICO credit scoring model) Fair Isaac announced that they were going to end the benefit of all authorized user accounts by removing them from the credit score calculation.… Read More

Are there any good tricks to raise my scores quickly?

There is almost always a way to get a quick and significant pop out of your credit scores. Everyone’s situation is different, but here are a few general credit repair tips that will get your scores moving the right way, and quickly.… Read More

How do authorized user accounts work, and can they be a real benefit to my credit repair process?

Authorized user accounts are a potentially valuable credit repair tool for the reason that they have the unique ability to transfer their entire credit score value from one person to another.… Read More

I want to get an authorized user account to jumpstart my credit repair. Are there any potential issues I should be careful about?

It is very easy to set up an authorized user account, as long as you have a willing donor.… Read More

I’m just starting credit repair. Can I skip opening my own accounts and just get a few authorized user accounts?

We do not suggest using authorized user accounts as a substitute for building your own credit. Authorized user accounts have their place in the credit repair process, but it should be limited to a supporting role.… Read More

If my father adds me to one of his credit cards as an authorized user is there any risk for his credit?

If your father is kind enough to add you to one of his credit cards to assist your credit repair effort it is a wonderful thing.… Read More

I’m thinking of purchasing an authorized user account as part of my credit repair. What do you think?

If you are considering incorporating an authorized account into your credit repair program you should see if a family member is willing to be the donor rather than purchasing the account.… Read More

How long until an authorized user account will help my credit repair program?

Authorized user accounts are one of the fastest ways to get your credit repair program underway. The moment that the account shows up on your credit report your credit scores will respond.… Read More

I was an authorized user on an account that went bad. It is now hurting my credit repair. Can I get removed from the card?

Authorized user accounts are a great help with credit repair, at least as long as they are managed properly.… Read More

I got an authorized user account and my scores fell, can you tell me why?

Good question. If you are going to ask a friend or family member to add you to one of their credit cards you should make sure that the subject credit card meets certain criteria.… Read More

A Great Boost

Yes! Authorized user accounts can be a great boost to your credit repair effort. They are not the final long term solution to your credit rebuilding needs, but if you are sincerely trying to turn your credit around and want a little help getting your credit repair project underway, by all means, do it.… Read More