Account Types
Authorized User
What it means
A person added to someone else's credit card account who can make purchases but is not legally responsible for the debt. The account's full history, including its age and payment record, appears on the authorized user's credit report. This is a common way to build credit quickly.
Covered in the free course
- Anatomy of a Credit Report: Section by SectionReading Your Credit Report
- Starting with No Credit HistoryBuilding Credit from Scratch
- The Real Cost of Closing Old AccountsLength of Credit History
- The Authorized User StrategyLength of Credit History
- Credit-Builder Loans ExplainedBuilding Credit from Scratch
- The Authorized User Fast TrackBuilding Credit from Scratch