there is a company that you can be put on someones credit card as an autorized user to boost your credit score

Question

does anyone know the website

Answer 1

The '08 version of the FICO scoring software, available in September 2007, will completely bypass any accounts listed as Authorized User. Fair Isaac expects that about 30% of consumers will see a drop in their FICO score as a result of this. Initially, the new software will only be implemented by one of the credit bureaus (I don't think they named which one). The other two will pick it up in early 2008.

Answer 2

The first respondent is correct. FICO has redesigned its credit scoring system to no longer boost the credit rating of a person who becomes an authorized user on another's account, with few exceptions. The person with the credit card must be an immediate family member of the person who is the authorized user.

Don't waste any money attempting to do this. Those who paid goodly sums of money doing so in the past will see their credit scores reduced as a result of this scoring redesign.

Answer 3

Sorry, this no longer works.

Companies were pairing up people with good credit and people with crappy credit by taking a fee from the poor credit person and having them put as an authorized user on a good credit person, who got a portion of the fee, even though the poor credit person never got to use that account.

The credit bureaus figured this out and as of last month, being an authorized user will no longer help your credit.