We have all heard of authorized user accounts. They have been used for rapid scoring improvement in the mortgage industry for decades. If you are looking for rapid credit score improvement, think about becoming an authorized user on a family member’s (or others) credit card. In essence, you are piggybacking off the primary account holder’s responsible use. The main benefit of becoming an authorized user on a credit card is the fact that you can benefit from another person’s good credit and good payment history to enhance your own credit. And you get this benefit without applying for a credit card of your own which would cause an inquiry and negatively adjust your total credit file age. Adding other people’s seasoned accounts adds positively to your credit file age and greatly lowers your credit utilization ratio. The authorized user is given a card in their name and can make purchases, but they are not liable for the debt incurred. The primary cardholder is ultimately responsible for making the payments. This can be a great way for the authorized user to build their own credit history. If the person granting another person to be an authorized user on their account has doubts or concerns, they can have the authorized user destroy the credit card issued or don’t have one issued to them at all. Have the secondary card sent to the primary account holder’s address. The point is to help another person benefit from the primary account holders great credit account. When you find someone willing to make you an authorized user on their account look for these four things. One, the higher the credit line the better. A $10,000+ credit line is preferred. Two, ensure the credit card account has been open a long-time. 5+ years is good but 10+ years is great. Don’t be added to an account that has been opened for less than three years. Three, make sure the credit utilization on the account is less than 10% or hopefully zero percent for best results. Four, verify they have no late payments on this account.

Here are some more things to keep in mind when you are turning your next business card approvals into cash! #1 - Can I liquidate a Chase business card and send the funds into my Chase business checking account? The bank will see the similar charge and deposit amounts, regardless of whether a different company is sending the deposit... putting both your checking account and credit card in jeopardy of being closed. Chase (or any other bank) wants to charge the cash advance fees themselves so they are watching for this. This is an easy problem to avoid however - just make sure to send funds to a different bank and you'll have zero problems (e.g. Chase card to BoA checking). #2 - can I liquidate personal cards or send funds to a personal checking account? Yes, this is not a problem. #3 - is my card at risk of being closed by liquidating? No in almost all cases - the bank wants you to spend a lot on the card as that's how they make their money. Millions of businesses throughout the country are making large credit card purchases (even $40k-$50k+) every day. A liquidation transaction may initially get declined and require you to call in to approve the transaction; this is normal fraud prevention. The bank mainly wants to ensure that you are making the purchase yourself and that your card wasn't stolen. Calling the bank in advance to let them know about a large upcoming transaction is often a good practice. Amex is the one card issuer that is finicky - if you have a brand new Amex card in the first billing cycle, you'll only want to liquidate 40-60% of the credit limit initially and wait until the second month to liquidate the remainder. Most all other banks won't have a problem with liquidating the full credit limit. A good professional liquidator can help advise you on your specific situation. #4 - How do I offset the costs of liquidation? A professional company charges a small fee in addition to standard merchant processing fees as they are shouldering all of the risk in the transactions. It's a small price to pay to avoid all risk to your cards, bank accounts, and merchant processors - as well as gaining the ability to liquidate unlimited dollar amounts.

Lenders do not just look at credit. They also review how you use your bank accounts. Consistent deposits, responsible withdrawals, and clean account activity all signal stability. When you manage your accounts the right way 👇 ✅ Banks see reliable, low-risk behavior ✅ Approval confidence increases ✅ Opportunities for higher funding expand Inside onboarding, we show exactly which account behaviors make you look like a strong, trustworthy client and which ones can raise red flags. ➡️ Learn what behaviors banks reward. 🔗 https://skool.letsgetfunded.com/fskool-group-onboarding-book ➡️ Ready to level up? 🔗 LGF Pro – skool.com/lgf 🔗 Inner Circle – skool.com/100k

Just got in to navy federal using a certain method it worked now whats a good amount to start warming up the account or how I do it? I dont have much to work with just 9 to 5 job rn

If I remove an auto loan from my credit will it close the account?