2007-02-20 15:53:03 · 7 answers · asked by masekdallas 1 in Business & Finance ➔ Credit
As far as it reporting to your credit. It depends on the company. Some companies report authorized users to your credit and some will only reported secondary/joint cardholders. First check with the company. If it will report to your credit make sure your parents are well below the credit limit and have/will make each payment on time. Otherwise adding you to the account could potentialy hurt your score. Now having you on their account will NOT affect their score in any way.
2007-02-21 04:11:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you are added as an authorized user to their cards, it will not help you or hurt them (unless you run up bills they can't afford.) The payments will not be reported on your credit report, since you are not part of the agreement. They would have to cosign an agreement for your own card(s) in order for it to help you, and then it would hurt them if you miss any payments.
2007-02-21 00:05:02 · answer #2 · answered by Brian G 6 · 0⤊ 0⤋
Nothing to do with your credit.
Good nor bad but can hurt theirs.
You don't help your credit by living off another..
2007-02-21 00:08:20 · answer #3 · answered by cork 7 · 0⤊ 0⤋
Actually it won't even help your credit. You'll likely just be added on in a sense of having access to the funds, not actually taking on any of the liability.
2007-02-20 23:58:49 · answer #4 · answered by kb 2 · 0⤊ 1⤋
It could if do you do not handle the credit correctly.
2007-02-21 00:06:25 · answer #5 · answered by tooyoung2bagrannybabe 7 · 0⤊ 0⤋
Only if you screw up on their credit cards. Please don't do that to them.
2007-02-21 00:00:32 · answer #6 · answered by mypassions4life 5 · 0⤊ 0⤋
only if you make it bad
2007-02-23 00:42:23 · answer #7 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋