Connect Credit Consultants LLC

Click the link below to start your application process for our Credit Repair Program

https://info.connectcreditconsultants.com/home

Myth: Being an Authorized User with High Credit Utilization Won't Affect Your Credit Score

Many people believe that if they are just an authorized user on someone else's credit card, the high credit utilization on that card won't impact their own credit score. They think that only the primary cardholder's credit will be affected by the balance and usage patterns.

The Reality:

In reality, being an authorized user on a credit card with high credit utilization can indeed affect your credit score. When you are added as an authorized user, the account’s activity—including its balance and utilization rate—is typically reported to the credit bureaus under your name as well. High credit utilization on this account can increase your overall credit utilization ratio, which is a significant factor in determining your credit score.

High credit utilization suggests to lenders that you may be over-reliant on credit, making you appear riskier. This can lead to a lower credit score, making it harder for you to obtain new credit, secure favorable interest rates, or even get approved for loans.