Boosting your credit overnight with no money out of your pocket

As I'm writing about this story of how my enemy to deal with in credit repair became my best friend...I realized that the only people that would understand what I'm talking about are well...other credit restoration professionals. So ill save that post for another day and give you guys some simple tricks to boost your credit.

So your credit is a combination of a number of things. Id rather not go into something that can be explained by a google search in images and pulling up a pie chart. Quite simply put...its how long you have had your accounts and how you use credit.

Now here's the catch with credit. You are only going to get credit offers when you DONT need it! Sounds pretty backwards right? Like why would I get credit when I don't need it? Well here's what the bank is thinking...well if your in need of credit, then your spending more then what you can make, and that's risky.

So does this mean that carrying a balance on your credit cards lowers your credit score? To a certain extent...yes. The magic number is 30%. Once you keep balances of more then 30% of your credit limit, you will start to see your score gradually go down.

So why is this relevant to how to boost your credit overnight without any money out of your pocket? Well here you go. There's a little trick that credit bureaus hate...its called authorized users.

So whats an authorized user? Here we go...I'm going to try my hardest to explain it as simple as possible. You add someone to your credit card as someone who can make purchases as well. And there you go...that's an authorized user :) Here's where the magic happens though. Certain credit cards report authorized users the same way they do for their account holders!

So imagine this...you just added your little brother to your credit card. Say...its your **Capital One card**. Now he just took over that whole history for that specific card (all your good and bad history). And BAM! overnight your little bro that had no spec of credit history has a good standing card that has been paying on time.

So lets wrap everything up in this blog. Earlier I spoke about not being able to get credit when you need it. For people trying to build credit from scratch now...good luck. It is a bitch to get your first credit card...but once you get one, and you pay your bill on time for 3 months...every freaking bank will beg you to use theirs. Also I spoke about the balances you keep on your card known as "debt to credit ratio". If you are trying to build credit...don't get a family member to add you to their maxed out, delinquent account. You would be better off handing your social security off to a identity fraudster. At least they would know how get you some cards.

PS. The laws have changed so not every bank reports authorized users...actually I only know of **1 bank** that does it now. Hence them being my best friend now. Ill cover them in another blog, but I wanted to drop you guys a little info on how authorized users work.