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welcome back Sam use your favorite family member money Mel jr. and what I'm here today talking about is also a rash users like I've been getting crazy questions about this not just when I started YouTube even before YouTube about people not knowing what it is how to use it anything under nature so we just want to jump right into it authorized user now with the authorized user you got two parties got the person who has the credit the person who want to be added to the credit now I would want to be an authorized user let's say okay I'm to 18 yo version of your son your nephew your niece whom ever trying to get credit so what I want to do is I want to be applied to someone else credit line who already has established credit therefore without me having to go apply and receive inquiries and things that probably get denied or even have to get a secured credit card you can add me on to your credit line so what a lot of people who get you know I'm saying brought this question they say I don't want to mess up my credit so no I'm not adding you let an 18 year old person who's gonna go and mess jack up my credit or you got bad credit so once I add you to it'll mess up my perfectly good credit okay now this is where I come in at the cutter let the person that you're adding to your credit will not affect your credit at all 0% so you got that 750 that's 785 and 800 you add Little Jimmy right here that's 18 years old they're just going to college with no credit to your credit line as an authorized user it will not affect you so you don't have anything to be worried about so that's right there just come you are down and be the good aunt uncle grandma Oh burn to help though Jimmy oh all right so I'm no Jim II so like I said go to college 18 getting out of high school I want to improve my credit so when I do I go to my uncle junebug I say hey uncle Jumba I know you got a Visa credit card I don't know how long have you had it or what not but I like to be added on to your account as an authorized user so uncle Jun bugs say ah I don't know man because I don't want to jack up my credit more than it already is if I add to my credit you will go using the credit card I'm not gonna know what you spitting in on and it's gonna come back and hurt me see what you do in this situation right here is you add little Jimmy on to your credit report onto your credit card you have the credit card sent to your home once the credit card get there you activate the credit card then once you activate the credit card cut it up just cut it up you don't see the day of light so what's gonna happen is that's gonna increase Jimmy's credit score because now he has your credit line on his account he's an authorized user so all in that history right there that you had a long time just became know Jimmy's history so but me as many Jimmy and I'm a little bit credit aware because I even known the eggs my uncle for the authorized user so I say hey you know your credit card I wish your credit them Oh a thousand okay how much you guys spend on I wish your balance well my balance is I mean I spent $400 on it so I have a $600 balance ah so that means you're 40% on on your credit card you're using 40% that's not too good over Joba you should the highs you should be is 30% when your credit card so if I do get on your credit card as an authorized user that's not going to maximize my credit potential so we're going to take uncle junebug and put them in our back pocket just in case if we can't get anyone so I'll go over to Aunt Jean so I you know get in a car go over to our genius house go talk to our G say on G you know I'm a good student I'm going to college and I just want to have the highest credit score possible so when I go to apply for my credit card or any other type of loans down the line that I will get the best rates I would like to know may I be added on to your credit card account as an authorized user now don't forget I went to uncle Jumba he was 40 percent so we already won that's with debt so XR gene the same thing I say hey Nagi what's your uh your credit limit on your credit card aunt Janie says my credit limit is a thousand I say okay okay aw gee what is your balance on your credit card uh Jeannie say well I created ninety dollar balance I have on my hundred ten dollars available in my credit card so therefore I'm nine percent I'm Korean nine percent balance on my credit card will Wow Oh you the most you will need courage what thirty percent that's what they say but now % RG you hated a game cuz nine percent you're maxing out your credit competition now I'm sorry I'm the way this like I said I'm 18 I see you Swan G forget uncle jumbo I want Messer on gene because I go on her account as an authorized user Michael will be maximized with just this account so also when you actually become authorized users or so on account no matter if you 18 25 30 40 50 days on that I'm just using a child going into college doing that because a lot of kids ask to become what acres uncles grandparents accounts us authorized users so when you're doing this as the person who's accident become to authorize you you want to make sure these things in order you want to make sure that they're not over 30% on a credit card you want to make sure that this car is a longevity credit card with out a lot of hiccups so you'll want no late payments on this credit card you'll want them to be maxing out their credit card because all of those headaches would affect you as to authorized user' so just becoming an authorized user on someone's account does not automatically make your credit score go up is factors that goes into it so like I said you want to make sure they don't have a bunch of late payments you want to make sure that they not maxing out their credit cards and you want to make sure that they have the account for substantial amount of time so therefore you can maximize your self paying on that account so just to do a little recap authorized users you are not affected in any way if you don't get that credit card to that person as exit get the caution to your home you activate the credit card then you cut the credit card up and throw it in the trash this person with the bad credit will not affect your credit score in any way shape or form now the person whose action to become the authorized user you want to make sure that you're dealing with four on gene and not an uncle junebug because you want to maximize your potential that's the whole reason for you get anointed then once you're on there I say 90 to 180 days downline you apply for your own once your credit score is at least from my standards a 750 why I say 750 is because that 750 is the lowest credit score you can have to have excellent credit and therefore you will get the best rates of velum and there that will jumpstart your credit life that will jumpstart your credit history now if you do have a good audience she's not gonna kick you all you know she's gonna let continue to build that foundation so that now you just got to continue that on your own credit card so I hope that I explained to you all thoroughly about authorized users um you could get a little bit more technical with it as I continue to do the videos and go down align them and do a credit master class and I'll get deep into it but this is just touching on the surface I'm a lot of it so you have any questions or comments please drop them down I'll get down in there answer them all so hit the like button subscribe and share share to all your loved ones say to your ones that's in your church the ones who you know got children is going to college and the ones who you know that [Music] [Music] [Music]