trix123
Christine,
I became an authorized user on my cousin's credit card to improve my credit (a three year old visa card). He has a credit score of 700 and always pays his credit card balance at the end of the month. When I received my credit report, however, I noticed that he had one 30 day late payment in Jan. 2001. My score is a 659 (Experian) and Experian lists the account as derogatory. My score before being added was around a 660. Should I get rid of the account or wait until it improves my score? Any advice will be appreciated!
I became an authorized user on my cousin's credit card to improve my credit (a three year old visa card). He has a credit score of 700 and always pays his credit card balance at the end of the month. When I received my credit report, however, I noticed that he had one 30 day late payment in Jan. 2001. My score is a 659 (Experian) and Experian lists the account as derogatory. My score before being added was around a 660. Should I get rid of the account or wait until it improves my score? Any advice will be appreciated!