If i put my boyfriend on my credit card accounts will it help his credit?

Answer 1

As long you keep the cards in good standing, keep the cards at a low utilization and the card company reports on his credit reports.

Contact the card companies and request that they report on his reports. Most card companies will report AU's that are not spouses of the card account holder, though there are a few that won't. (all card companies "must", by law, report AU's who are spouses of the card account holder)

Being added as an AU on accounts in good standing and that have a fairly long history can help a great deal.

Just because you add him as an AU does not mean that it will hurt your credit.
You can (and should) request that no card be sent to the AU (some card companies will not send AU's a card unless requested)

Answer 2

These people don't have a clue. If you list your boyfriend as an authorized user on your credit card it will show on his credit and it will help as long as the payments are made as agreed. Now, the bad news is that if you do this and your boyfriend goes out and runs up your credit card to the point that he or you can't pay it as agreed, both of your credit profiles will suffer. The other thing you have to be aware of is that if you do this? Your boyfriend will not be liable for any debt, only you will. So think long and hard before you do this. If you break up in the future he could ruin your credit before you know it.

I know I'm right because I was on my Mothers card as an authorized user for over 20-years and it showed on my credit the entire time.

Answer 3

No, they are in your name not his. You will be letting him be a card user. Like if you put your kids name on your account to use your cards it does not do anything for their credit. They have to get their own.

Answer 4

No. He needs to have an account in his own name. I thought of this very scenario at one time. I was/ he was advised that he should open a bank account and apply for a credit card in his own name.

Answer 5

I'm gonna go with Spif and Echo on this one. It does have a direct effect on his. If you're paying on time and keeping a low to zero balance on the cards, then it would be a perfect situation for your b/f. But I'd strongly suggest that you use the utmost caution when doing this. One of my closest friends did that for one his "ex's", and she almost took him too the cleaners behind that. I'm not trying to scare you, but prepare you. All in all, he should try to open up a secured account in his own name to also bolster his credit, then he won't need to be added to yours.

Answer 6

If the card is in good standing and you have it added to his credit report, it could. If the card has a history of late payments, he could make his credit worse.

If they will add it to his report, they will most likely add your payment histroy to his credit, so it could go either one depending on how you paid on it.

Answer 7

It unquestionably does no longer help his score. the guidelines have replaced and qualified purchasers no longer get the earnings of the stable credit. you will get rid of his call on the instant. it particularly is rarely on your maximum suitable interest to place somebody on your credit card or open joint bills or co-sign while you at the instant are not legally married to the guy. you're risking your stable credit.

Answer 8

No it just has him listed as having more debt to rack up and if he does, your the one in trouble next. He should pay his off and get it all under control to get a better credit rating.

Answer 9

No, but it could eventually wreck your credit. I urge you not to do this. It is a very bad idea.

Answer 10

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