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Based on a piece of legislation passed about 40 years ago, The Equal Credit Opportunity Act of 1974, creditors report the account activity of all authorized account users to the three major credit bureaus.<br>
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Based on a piece of legislation passed about 40 years ago, The Equal Credit Opportunity Act of 1974, creditors report the account activity of all authorized account users to the three major credit bureaus. So if you are listed as an authorized user of someone else’s credit card account, that account will appear on your credit report. As a result, the repayment history, credit limit, and debt ratio of that account will impact your credit score.. #Tradelines #PurchaseTradelines #SeasonedTradelines #AuthorizedUserTradelines