Can you help someone improve their credit score by adding him/her to your credit card account?

Question

Would this adversely impact your good credit rating?

Answer 1

If you have a good payment history and add someone else as a authorized user, yes it will help their credit because your good history will show up on their credit bureau.

Authorized users are not responsible for paying the account only the person who is the primary account holder is responsible.

The only way this would impact your credit in a negative way would be if the payments were not made as agreed.

If a authorized user runs up a lot of debt on your account and then doe's not pay you, you will be responsible for making the payments.

I was a authorized user on my Mothers Discover card for over 15-years and it helped my credit like you can't believe.

O.B.T.W. if you do this and do not give the other person the card, they can still access your account on line.

Answer 2

Sometimes a credit card holder will want to give another person (often a spouse, partner, or child) access to the account. Some credit applications even have a space for requesting an additional card with the other person's name on it, or the card holder can call or write and request one.

A business may have a corporate credit card account, and may give some employees authorized user status, including individual cards, to be used for business expenses. There may be wording in the employees' contracts specifying liability to the company for excessive or improper charges.

While a co-applicant is equally responsible for paying all charges on the account, regardless of who made them, an authorized user is not legally or contractually responsible for any charges, including those that s/he made. The primary cardholder (the one who actually applied for the card) is considered to be fully liable for all charges on the account, including those made by any authorized users. Verbal agreements or instructions between the primary cardholder and the authorized user do not change this. There can be a big difference between a moral/personal obligation and a legal/contractual one.

The account may appear on an authorized user's credit bureau reports, with a notation of their status. This may help in establishing or rehabilitating their credit rating, although not as much as an account that they are officially responsible for.

Answer 3

yes you will help up too some extent their credit if you do that, but it will probably hurt you more than what you'll be able to help. I say don't do it.
**** the only time when this is "good" to do is when that perosn has no credit history at all, a clean slate... ex. if you do it to your 17 or 18 y/o kid, then they'll get on their credit score and history the good numbers ans standing that you have at the time you added them to your acct. Of course if you have a bad credit history they'll get that too.

Answer 4

Yes, you can improve someone's credit score by putting their name on your card. I have helped 2 friends this way. (It did not hurt my credit rating).
However, to avoid them using the card and potentially getting me into debt, after I added their name on the account, and a new credit card came to my address in the mail for them, I did not give them the credit card. I cut it up. After a year, their credit rating did go up, and I called and had them removed from my account.

Answer 5

Yes, you can as long as you pay the bill on time! Some won't report on the others' credit report though unless they ask for the social security number.

Answer 6

NEVER merge someones credit with yours, period.

Answer 7

I've heard you can do that. I don't know the imact on your rating.

Answer 8

I don't think it will help them as much as it will hurt you. Think twice about it.

Answer 9

it would hurt you!!! bad

Answer 10

no, it will make it worse!!