Being An Authorized User Hurt My Credit Score
Most people don't think about their credit score until they need a loan. After applying it is usually too late to make significant improvements to your score. You are stuck with the interest rate offered, or you may leave the deal. I've had a mortgage for 15 years, but as the family grew, it was time to build a bigger house. We found a great fixer-upper in the neighborhood we've always wanted to live in. Everything lined up - until I applied for a new loan. I have excellent credit. I have been using credit cards responsibly for 20 years, paying only a day or two late, several times. I have financed two new cars over the years, but drive my reliable and non-cash Toyota 2007. I thought I would qualify for the best rates, no problem. I Am An "Authorized User" On What?! I like dealing with finances, bills, investments, taxes, everything, but my wife couldn't be more different. Years ago she added me as an authorized user on her credit card account. I guess I said...