Adding Girlfriend (who has terrible credit) to my Credit Card... Need Advice
Hello all! Creating a burner account for this. The short version of this is I want to help my long term girlfriend build and repair her credit. Her ex husband totally ruined her credit (complete deadbeat) and left her with 2 kids completely high and dry. She is awesome and I love her and I want to try and help her. My credit is between 740-760 depending on TransUnion or Eqifax, so its not bad.. I've been separated myself and have slowly over time built it back up from the 600s. We are starting a new life together and blending families, she wants to completely cut ties with her ex and finances and start over (which is mostly done now). I've been doing some "googling" and it seems like if I add her to one of my credit cards as an authorized user, that can quickly bring her rating up... true? Or would we have to apply for a credit card together?
It doesn't seem like either of these options will hurt my credit....unless things aren't paid off etc. What I have been doing this last year is using my credit card for 99% of payments and at the end of the month, paying it off in full.
Does anyone have any thoughts of the best and safest way for me to help her and bring her credit up by using my credit to assist?
It doesn't seem like either of these options will hurt my credit....unless things aren't paid off etc. What I have been doing this last year is using my credit card for 99% of payments and at the end of the month, paying it off in full.
Does anyone have any thoughts of the best and safest way for me to help her and bring her credit up by using my credit to assist?