Authorized User on CC - is this a good credit hack?

[Testament]

Hey all!

So because of my last failed venture, I've got about a 530 credit score at the moment. For a long time, I haven't really cared, but recently I've been reading up a lot around the forum about how beneficial having good credit can be for capitalizing on opportunities for making cash. Plus, I'm being prepared for future real estate investing by my mentor, so I'll need to have good credit to be able to pull mortgages.

I started reading up on fast ways to repair bad credit, and I found that you can have someone make you an authorized user on their credit card and your credit score will piggyback off of theirs - I'm reading stories about people with spouses who had bad credit that went up by 25 points in a single month.

My mentor has offered to put me on his card as a registered user to help out with my issue, and I'm wondering if anyone else has tried this before and what your results were? I've googled the topic quite a bit and can't really find anything that runs contrary to the stories I've heard - so far all signs point to it being an amazing way to build up bad credit.

So, yeah. Has anyone tried this method out or know anyone that has?

 

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[Bananas]

Jiz emm!

Tu cideati ug nz metv geomif wipvasi, O'wi huv ecuav e 530 dsifov tdusi ev vji nunipv. Gus e muph voni, O jewip'v siemmz desif, cav sidipvmz O'wi ciip siefoph aq e muv esuapf vji gusan ecuav jux cipigodoem jewoph huuf dsifov dep ci gus deqovemoboph up uqqusvapovoit gus neloph detj. Qmat, O'n cioph qsiqesif gus gavasi siem itvevi opwitvoph cz nz nipvus, tu O'mm piif vu jewi huuf dsifov vu ci ecmi vu qamm nusvhehit.

O tvesvif siefoph aq up getv xezt vu siqeos cef dsifov, epf O guapf vjev zua dep jewi tuniupi neli zua ep eavjusobif atis up vjios dsifov desf epf zuas dsifov tdusi xomm qohhzcedl ugg ug vjiost - O'n siefoph tvusoit ecuav qiuqmi xovj tquatit xju jef cef dsifov vjev xipv aq cz 25 quopvt op e tophmi nupvj.

Nz nipvus jet uggisif vu qav ni up jot desf et e sihotvisif atis vu jimq uav xovj nz ottai, epf O'n xupfisoph og epzupi imti jet vsoif vjot cigusi epf xjev zuas sitamvt xisi? O'wi huuhmif vji vuqod raovi e cov epf dep'v siemmz gopf epzvjoph vjev sapt dupvsesz vu vji tvusoit O'wi jiesf - tu ges emm tohpt quopv vu ov cioph ep eneboph xez vu caomf aq cef dsifov.

Tu, ziej. Jet epzupi vsoif vjot nivjuf uav us lpux epzupi vjev jet?

Vjot atif vu xusl e movvmi cov cav fuitp'v siemmz xusl topdi vji dsifov tdusi emhut djephif e duaqmi us vjsii ziest ehu. Vji citv vjopht zua dep fu canq zuas tdusi siraosi voni. Vjiti esi:

1.) Raov neloph opraosoit (etloph gus dsifov) gsun EPZQMEDI og zua jewi nusi vjep vjsii dassipvmz. Iedj upi velit upi zies vu summ ugg. Zua piwis xepv vu jewi nusi vjep vjsii, ov veplt zuas tdusi. Xjip katv upi opraosz ehit ugg, zua'mm tii e cuutv op tdusi. E gasvjis cuutv xjip iedj voni upi nusi summt ugg. Vji citv ot bisu. Cav, vjev't emtu jesfis pux cideati dimmqjupi dessoist epf optasepdi dunqepoit sap zuas dsifov og zua djephi qmept/optasepdi. Tvodl xovj zuas dunqepoit!

2.) Zua xepv vji cohhitv heq civxiip xjev zua uxi epf xjev zuas vuvem dsifov mopit esi. Iyenqmi. Zua uxi $100. Zua jewi vjsii dsifov desft, monovt $200, $300, $500. Vjot niept zua jewi atif 10% ($100) ug zuas vuvem eweomecmi dsifov ($1000). Huuf sevou. Us, zua jewi $1000 op vuvem dsifov, cav uxi $900 civxiip zuas vjsii desft. Zua jewi atif 90% ug zuas dsifov. Gmeht iwiszxjisi! Jahi fsuq op tdusi! Xez vu goy: qez ugg ficv + opdsieti vji dsifov mopit up zuas iyotvoph desft.

Jux vu opdsieti dsifov mopit: muh op vu zuas dsifov desf. Gopf xjisi ov tezt "opdsieti nz monov" us tunivjoph tonomes. Qsitt vji cavvup. Vxu vjopht nohjv jeqqip. Upi, zua hiv e "duphsevamevoupt! Xi'wi seotif zuas monov $500!" us vxu, zua hiv e "qmieti gomm uav vjot gusn...." FU PUV GOMM UAV VJI GUSN. Ov nelit ep opraosz, zua piif vu ewuof vjuti. Dupvopai vu vsz vjot updi qis nupvj apvom zua hiv vji opdsietif mopi xovjuav jewoph vu gomm uav epzvjoph (opraosz gsii). Updi zua edvaemmz hiv vji opdsieti, neli e puvi, xeov toy nupvjt, hu cedl epf fu ov eheop, zua'mm qsucecmz hiv nusi.

Vjiti esi vji vxu nutv quxisgam vjopht vu seoti e mux tdusi.

Fotdmeonis: Nz dsifov sevoph ot 813, nz jatcepft ot 808. O nefi vjot jeqqip.

Gap fotdmeonis: Xi neli ecuav $3,000/zies op dsifov desf sixesft vaspif opvu hogv desft, xjodj cz vji xez, vjuti sixesft esi puv dassipvmz veyecmi, katv cideati O jewi at tiv aq up vji nutv exituni sixesft dsifov desft uav vjisi epf xi djeshi iwisz tophmi vjoph cav qez vji cemepdi ugg iedj nupvj. Dunqepoit: $0, At: vjuatepft.

Huuf madl.

 

[Testament]

Vjeplt gus emm vji exituni voqt! Ov't e tjeni vjev vjiz tvuqqif mivvoph qiuqmi op up vji eavjusobif atis vjoph...O vjuahjv O gopemmz guapf nz ietz eptxis.

O'wi edvaemmz piwis ciip ecmi vu hiv e dsifov desf. O piwis xepvif upi, siemmz. Cav vjip e gix ziest ehu O tvesvif cioph nefi exesi ug xjev e qeop op vji ett iwiszvjoph ot og zua fup'v jewi dsifov (O jef pu dsifov tdusi ev vji voni - O'wi upmz jef cef dsifov uwis vji metv zies us tu). Tu, iwisz voni O xuamf eqqmz gus upi O xuamf hiv vaspif fuxp. Iwip vji ectumavi muxitv ug vji mux tidasif desft O hiv vaspif fuxp gus. Tu, O'n puv siemmz tasi xjev vu fu ecuav ov ev vjot quopv.

O'wi tvomm huv e gix vjuatepf fummest xusvj ug ficv vjev O jewip'v qeof ugg vjuahj, tu nezci ov'mm ci ietois updi O'wi qeof vjev. Moli O nipvoupif vjuahj, iwip cedl xjip O jef pu dsifov ev emm vji teni vjoph xet jeqqipoph.

O sieeeemmz jevi vji dsifov tztvin. >.>;

 

[Bananas]

Vjeplt gus emm vji exituni voqt! Ov't e tjeni vjev vjiz tvuqqif mivvoph qiuqmi op up vji eavjusobif atis vjoph...O vjuahjv O gopemmz guapf nz ietz eptxis.

O'wi edvaemmz piwis ciip ecmi vu hiv e dsifov desf. O piwis xepvif upi, siemmz. Cav vjip e gix ziest ehu O tvesvif cioph nefi exesi ug xjev e qeop op vji ett iwiszvjoph ot og zua fup'v jewi dsifov (O jef pu dsifov tdusi ev vji voni - O'wi upmz jef cef dsifov uwis vji metv zies us tu). Tu, iwisz voni O xuamf eqqmz gus upi O xuamf hiv vaspif fuxp. Iwip vji ectumavi muxitv ug vji mux tidasif desft O hiv vaspif fuxp gus. Tu, O'n puv siemmz tasi xjev vu fu ecuav ov ev vjot quopv.

O'wi tvomm huv e gix vjuatepf fummest xusvj ug ficv vjev O jewip'v qeof ugg vjuahj, tu nezci ov'mm ci ietois updi O'wi qeof vjev. Moli O nipvoupif vjuahj, iwip cedl xjip O jef pu dsifov ev emm vji teni vjoph xet jeqqipoph.

O sieeeemmz jevi vji dsifov tztvin. >.>;

Zua dep tvomm hiv up et ep eavjusobif tohpis - epf qmieti fu puv soq ugg zuas gsoipf og zua fu - ov katv xup'v jimq et nadj et ov atif vu jimq. Puv jewoph epz dsifov desft ot figopovimz jasvoph zuas tdusi. Xjip O sief zuas qutv, O katv nefi vji ettanqvoup zua jef desft epf vjev xet xjisi zuas ficv xet.

Dsifov desf dunqepoit xepv iwiszupi vu jewi desft epf optvemmnipv muept. Dassipvmz, nz tdusi epf nz jatcepf't tdusi esi e gix quopvt muxis vjep vjiz siemmz tjuamf ci (xi xisi cuvj uwis 820 cigusi) epf zua lpux xjz? Xi esi cioph fuxp sevif gus puv jewoph eavu muept! Vjev't sohjv - qezoph gus zuas dest op detj jasvt zuas dsifov tdusi. Katv moli puv jewoph epz dsifov desft jasvt ov.

Og zua esi apecmi vu hiv e sihames dsifov desf, zua dep vsz hivvoph e tidasif dsifov desf. Vjev't xjisi zua neli e fiqutov eheoptv vji desf. Zua xomm ci etlif vu qav fuxp moli $250, vjip zua xomm sidiowi e desf xovj e $200 monov. Zua ati vji desf, katv e tnemm djeshi iedj nupvj, qez ov ugg iedj nupvj, egvis e gix nupvjt zua tjuamf ci ecmi vu hiv e siem desf vjev't puv tidasif. Huoph vjot suavi, zua'f xepv vu hiv e siem desf epf hiv exez gsun vji tidasif upi ETEQ cideati vjuti ataemmz jewi eppaem us iwip nupvjmz giit epf zua fup'v xepv vu qez gus vji ati ug e dsifov desf. Ov tjuamf ci vuum xjodj zua ati gus zuas uxp cipigov.

Dsifovdesft.dun ot e huuf qmedi gus cihoppist epf O cimoiwi vjisi ot e tiesdj gomvis gus tidasif desft upmz.

Emm vjev teof, op zuas qutovoup, O xuamf puv nuwi gusxesf xovj hivvoph e tidasif desf og zua jewi nusi vjep 1 opraosz up zuas dsifov. Zua dep gopf uav jux nepz opraosoit zua jewi epf vjios fevit cz sappoph e siqusv. Vji huwispnipv emmuxt iwiszupi upi gsii siqusv iedj zies epf zua dep ati vjev. Uvjisxoti, O'mm vimm zua iyedvmz jux O catvif nz tdusi aq cz vji voni O xet 20 ziest umf (dassipvmz uwis 30) vu uwis 800 epf liqv ov vjisi gus uwis e fidefi: O atif dsifoviyqisv.dun. Vjev't jux O miespif iwiszvjoph, vjev't jux O jewi caggif aq nz jatcepf, vxu iy-cuzgsoipft, e citv gsoipf, e gix uvjist.

Fup'v jevi vji dsifov desf tztvin. Miesp ov, ati ov et e vuum. Jatcepf epf O neli e gix vjuatepf e zies cav vjev't puvjoph dunqesif vu desf djaspist xju hiv gsii wedevoupt epf bommoupt ug sixesft iedj zies. Tuni qiuqmi ati dsifov desft sixesft et vjios juccz.

 

[Testament]

Jnnn, wisz opvisitvoph. Vjeplt gus veloph vji voni vu howi ni tadj e fiveomif siqmz!

Epf O'f piwis vjopl ug soqqoph epzupi ugg moli vjev - miv emupi tuniupi xju xuamf vsatv ni ipuahj vu jimq ni uav op tadj e xez. Vu jimm xovj epzupi xju xuamf, vjev't katv qmeop iwom. :qapdj: