 What are some of the options that I have in dealing with my debt problems (I'm on limited income)? |
| This is the situation: I have a physical disability, and am on limited income (Social Security Disability). I had a friend (at least I thought he was my friend; he proved otherwise) who was ... |
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 How do I get out of an Auto Loan? |
| I have a loan with my ex. She is hounding me to get her off it. I can't refinance without a co-signor and no one will help. I can't sell it because I need a car and can't pay the ... |
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 Refinance Loan I need to reduce my mortgage payment? |
| I need to know the best mortgage company that will give me a good deal to refinance my mortgage TO FIXED RATE because my adjustable rate has been increased. also i don't have any money for ... |
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 Can you take a walmart giftcard and use it to buy another giftcard? |
| Like could I go to walmart and buy an itunes giftcard with my walmart giftcard?... |
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 Credit Card Stolen, any recourse? |
| I had a credit card swiped from my room and used, two charges were for software and a people search, 4 gas station, 1 grocery store, the card has been reported and all charges were reversed and ... |
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 Some advice on which credit card to get? im 21 and don't need credit but want to build good credit for future? |
im 21, about to graduate in next few months. (UK)
i dont need a credit card but i would like to get one in order to build good credit history, ready for the future when i will need to apply for ... |
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 If i use an credit card to buy liquor? |
| when you fill out a credit card you put your information and date of birth, if the credit card belongs to someone under 21 and you want to buy liquor over the internet can they see that the card ... |
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 I have no credit! How do I get good credit fast? |
| Can you tell me what I should do step by step in order to have good credit fast? I have no credit right now and i wish to have good credit in about 1 year.... |
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 I want to get a credit card...? |
| I've never had one before, I do not pay for anything (car insurance, house payments, etc.) I have NO credit history what so ever. Which card will accept me and have either low annual fee's ... |
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 What do I do? |
| I bought some dvds on eBay and they were fake! So I contacted the seller and he told me to send them back and he would give me my money back, but he didn't! Didn't pay through paypal... W... |
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 Is it OK to pay a settlement amount on credit card debt? |
| I am paying off my cards which are over 5 yrs old, and they're giving me settlement amnts to pay them off. Most of the balance is late fees, my credit is slowly going up. Am I going to have ... |
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 Do credit card companies feel guilty about 20% interest? Should they? |
On the one hand, adults have to make good decisions for themselves and the credit card company isn't responsible for their customers' spending habits.
On the other hand, credit ... |
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 Is it normal to give your credit card number over the phone? |
| and what can they do if they have your credit card number. I bought something on ebay but then wen it usually asks for you credit card number it said that i must phone this certain no. my mother ... |
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 Is it true that the worse your credit...? |
The less you have to worry about identity theft?
Additional Details
It's unfortunate that some people on Yahoo Answers will just assume that a questioner is dumb...I am asking the ... |
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LaTasha S | If someone puts me on their credit card as a authorized user how does it improve my credit without my ss#? |
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Kaiden
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To be honest, I'm unsure of how it affects your credit without your social security number. I do know, however, that some credit card companies do require the social security number of the authorized user; I assume it's for the purpose of credit reporting. It's very possible that the credit cards that do not require a social security number for the authorized user simply do not report to the bureau's. Again, this is just my educated guess.
I know from personal experience (good and bad) along with various financial websites (which I will list in the source box) that being an authorized user DOES affect your credit. If the main account holder is late on a payment, that late payment shows up as a negative mark on your credit.
In the same respect, if the account holder has a large credit line and a really good payment history, this helps the authorized user.
Apparently it's a big misconception (looking at the other answers) that being an authorized user does not affect the score. For more information, you can check out the websites I have listed in the source box. |
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thomas d
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All of these answers are false. When you are put on a person's card as an authorized user you will pick up all of that persons history on that card. If that person has a clean pay history you will benefit because that will show up on your credit report. If you speak with anyone who does credit repair they will tell you to find someone with good credit and ask them to authorize you on their credit cards to improve your score. You will need to give your social security number in order for the history to show up on your credit. |
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debijs
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~~It doesn't. You have to be a responsible party on the credit card and give your social security number to have a credit advantage. Otherwise you are an additional card holder authorized to make charges.~~ |
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Maggie ja Biełaruś
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Who knows? But I wouldn't let them do it. |
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auniquorn
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Recent personal experience...it DOESN'T. According to the credit card companies, your credit is only improved if you are a secondary on the card. Simply being able to sign/use a card does not make you responsible for paying the bill; only the primary person is responsible so only their credit is affected. As a secondary cardholder you become responsible, also, and then your information is reported. |
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America, The New France
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It does not improve your credit at all because you are not responsible in any way for the charges on the card. |
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vinita s
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It doesnt improve your credit history at all.. Actually its all goes to the primary card holder |
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topguntony
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Better get a SS #.That way you get your money you payed into later. |
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Anjell
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It doesn't improve your credit because you're simply allowed to use it (hence authorized user) and nothing more. You are not a card or account holder.
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Joe B.
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Being added as an authorized user does nothing for your credit rating. It just gives you permission to use the card.
In order for it to effect your credit rating, you would have to be the co-owner of the account which is done when the account is originally opened. |
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