If you’re looking to become an authorized user on someone else’s credit card, there are many things that you need to consider. Of course, doing it the RIGHT way can be a very valuable strategy if you want to build credit. However, not everyone that becomes an authorized user on an account will benefit from it in the same way. In some cases, becoming an authorized user on someone’s account won’t have any impact at all, positive or negative. There are also cases in which becoming an authorized user on someone else’s account could have a negative impact on your…

When it comes to collections accounts, you may have heard of an important date known as “Date of Last Activity” or (DLA). You may have been told not to ever make payments on a collections account, as the action of doing so could change the account’s DLA. In the case that the DLA changes, the clock essentially resets on the seven-year period in which your credit report will expel the collections accounts. However, in all reality, debt collectors do not have the ability to change the DLA. The credit bureaus are the only ones that have the power to do…