Do Authorized Users Suffer Consequences for Negative Info?
The answer is yes and no: If you are an authorized user on a credit card (you are not the primary but carry a card issued to you with permission) it can still hurt your scores. When a new late payment occurs on a credit card both the Primary and the Authorized credit card holder will both see a drastic decrease in score. Just because you are not the primary does not mean you are protected.
The good news is you can be taken off the account and the account can be removed from the credit profile and increase the score if you are in the midst of applying for a mortgage. The banker can have these accounts removed and have your reports re scored. This can potentially increase your scores 100′s of points.
About Tracy Becker
Visit Our Main Website For Credit Repair Help
For over two decades, I have owned and operated a Credit Education and
Restoration Company. We can increase Fico Scores by hundreds of points and
our fee is billed based on success. I enjoy Public Speaking across the
Country where I work with all kinds of Professionals, helping them find
solutions to Credit Problems. I have Expertise in both personal and
business credit. I've worked with thousands of people leading them into
better credit and ultimately, financial health and more opportunity. I
educate Bankers, Realtor's, CPA's, and Finance Experts on Credit from A-Z.
I'm also publishing my second book "Credit Score Power". Lastly, I've been
interviewed on national Television and Radio as a Credit Expert. Feel free
to contact me if you have any credit questions or clients who wish to
increase their credit score.
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