Being a authorize user on a credit card and buying tradelines won't help you level up your credit because it's not reliable. I used the old fashion way by getting a secured credit card and secured loan and in six months my credit leveled up so you don't need be a authorize user or buy tradelines. Being an authorized user can affect your credit in a few ways.
The accounts that you’re an authorized user on will likely appear on your credit reports — most, but not all, credit card issuers report account activity to an authorized user’s credit reports. Before you’re added as an authorized user, you may want the primary account holder to ask their credit card issuer whether it reports authorized user accounts to the three major credit bureaus.
If the card issuer reports to the bureaus, then the account will typically show up on your credit reports within 30 to 45 days. But keep in mind that not all issuers report to all three bureaus — and if they do, the timing of when issuers report to credit bureaus can vary
If the account does show up on your credit reports, the primary account holder’s actions could impact your credit for better or for worse. (Exactly how much it will affect your credit depends on the scoring model, as different models weigh credit factors differently.)
If the primary account holder has a strong history of on-time payments, this can have a positive impact on your credit. Additionally, if the account’s credit utilization rate is low, this can also be good for your credit. You can figure out your utilization rate by dividing your total credit card balances by your total credit card limits.
On the other hand, if the primary account holder misses a payment on the card, your credit can take a beating — just one late payment can have a severe negative impact. The same goes for high credit utilization on the account. One piece of advice credit experts often give to people looking to establish credit is to ask a family member to add them as an authorized user on their credit card account. If the account has a positive payment history and the primary cardholder maintains a low balance relative to their credit limit, it may help to build credit.
Becoming an authorized user may seem similar to buying tradelines—but there are two big differences: 1) When you buy a tradeline, you don't know the person who is adding you as an authorized user on their account, and 2) you pay them money for the access.
Buying tradelines is done through a third-party service for a fee, and prices can reach into the thousands of dollars. Once you purchase the tradeline, it will typically remain on your credit report as an open account for a short period, after which you'll be removed from the credit card account. #creditcard #authorizeuser #tradelines [ Ссылка ] [ Ссылка ]
