Adding a friend/family member to already existant established credit.

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Evgeniy Kuznetsov

• August 13, 2020 08:20

For long time I have asked my parents to add me on to their credit by opening a alternative second card holder to their account to gain their credit history on to mine. Does that work? How will it affect their score by adding a new account? Is it even worth doing to build great credit?

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  Monique - Thrive Moderator🌱

  • August 21, 2020 19:45

  Hi Evgeniy Kuznetsov, Being added as an authorized user on a responsible friend or family member’s credit card is one way to quickly improve your credit score or get started building credit. There are a number of reasons that people may find themselves in need of help to build their credit, so if you’re in this position, know that you’re not alone. Take a look at this blog/article to learn more. Please let us know if this information was helpful to you. 

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