Can someone add their sister-in-law who has the same last name as a spousal joint user in order to stablish a credit history for her?

Answer

You have the option of adding anyone, with any name, to most revolving accounts in order to help them establish credit. This is a great way to begin building credit history, raise credit scores and obtain access to credit that may otherwise not be available. Get specific and ask the particular credit grantor if this option is available to you, or your sister-in-law.

Be aware that adding an authorized user to an account will no in way transfer your liability and may put your credit at risk. You remain liable for any charges on the account, regardless of who incurred the charges. If your authorized user charges items and does not pay, you have no relief for this. You could end up with late payments, collection or charged off status that will affect your credit for 7 years.

First answer by The Credit Lady. Last edit by The Credit Lady. Question popularity: 42 [recommend question]