Dear Liz: My fiance and I are trying to secure financing for our first home, but his credit scores are just below the mark. I was thinking of adding his name to my credit card account so that my available credit line shows up on his report. Would this boost his scores at all? Is there any danger of it lowering his scores?

Answer: If you have a good history with this account -- you always pay on time and you're not carrying a large balance -- adding him as an authorized user may help his scores.


kuuner at 09:43 2009-07-27 said:
This woman's advice is horrible. She is obviously an Obama lover. Sound fiscal advice? No. Potentially damaging advice? For sure. Permalink

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