Unless you personally happen to fall into a penalized group, it's likely your premium will be lower if
you authorize use of your credit score than if you don't.
Not exact matches
The open date on the
authorized user card, as with all other accounts on your
credit report, will be
used in
scoring calculations that measure how long you've been
using credit (15 percent
of your
score), such as the average age
of your accounts and the ages
of your newest and oldest accounts — with older always being better.
The FICO ’08 model allows
authorized users, but Fair Isaac says it has found a way to spot nefarious practices around
authorized users which should reduce the number
of people trying to
use this method to increase their
credit scores.
Here are 5 ways to improve your
credit score, plus another method which takes advantage
of «
authorized accounts», allowing you to
use your parents»
credit scores to give yourself a boost.
Business
credit card can damage your personal
score — If you have
authorized use of a business
credit card, it could show up on your
credit score and if the company
uses up a lot
of the card's limit, this could negatively affect your
score... (See Business card)
Business
credit card can damage your personal
score — If you have
authorized use of a business
credit card, it could show up on your
credit score and if the company
uses up a lot
of the card's limit, this could negatively affect your
score... (See Business card)