Authorized Users: Credit Rebuilding The Easy Way!

One of the easiest ways to rebuild your credit profile is to become an authorized user on someone else's credit card who has much better credit than yourself and preferably a long credit history to go along with it.

The most common term for this procedure is called “piggybacking,” where the authorized user piggybacks onto the primary account holder’s Visa, MasterCard, department store or gas card. The primary account holder has sole responsibility for repayment of the debt.

Conversely, the authorized user bears no responsibility for the debt whatsoever. The primary purpose of becoming an authorized user is to rebuild or even establish ones credit from the sharing of the primary account holder’s good credit history.

Allowing someone to piggyback your credit profile helps them to build credit without the risk of their bad credit history affecting yours in any way. You may order a separate credit card for the authorized user, but this is not necessary. The primary account holder’s credit history for the card will still show up on the users’ credit profile.

If you would like to help a friend or family member to establish or rebuild credit, all you have to do is call the credit card issuer and request to have them added to your account as an authorized user. It is completely up to you as to whether you decide to put the card in their hands or not.

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Do Credit Repair Companies Really Work?

One of the most common questions that I am asked on almost a weekly basis is: “Do credit repair companies really work?” Although I have already addressed this question in a previous post entitled: “The Credit People: Voted #1 For Affordable Credit Repair,” the ongoing questions about credit repair companies warrants me addressing the issue again.

Yes. Credit repair companies do in fact, work. Are there exceptions to this rule? Sure. There are bad companies in every field and the credit repair industry is no different. I know for a fact that there are several companies that will string you along for all eternity and give you very little in return on your investment but “The Credit People” is a different kind of company.

They truly have your best interest in mind. Their services are cheaper than the competition because they have a solid business model that is based on quality and quantity which is very rare in Corporate America. In my experiences with the company, you will always get more than what you pay for.

The bottom line is this… I’ve done the legwork for you. I have risked my own money by trying the service so that you don’t have to risk yours. So when I tell you that you will definitely get your money’s worth and more, I am putting my reputation on the line and I would never do that unless I truly believed in the company. I trust in “The Credit People” because I’ve witnessed firsthand what they have done for me and my credit reports. They will do the same for you!

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Jefferson Capitol "Fresh Start" MasterCard Program

Jefferson Capitol Systems, LLC is a collections agency that takes a new approach to collecting past due debt. Instead of calling and badgering the debtor for all eternity to pay back a debt, they have teamed up with Mid America Bank and Trust to offer you a new “Emblem” MasterCard, even though you defaulted on your old debt!

Here’s how it works. Jefferson Capitol sends you an offer in the mail that looks like your standard collection agency letter, but upon closer review, it’s actually an offer for new credit whereby the debtor is given a simple payment plan to pay off the original debt at a reduced rate and not some overinflated total that is 3 times the original amount owed like you receive from other collection agencies.

After paying just a small portion of the debt, you will be issued a new "unsecured" MasterCard with a credit limit that is equal to the remaining balance on your previously defaulted debt. This way, you can pay off your previous debt and start rebuilding your credit at the same time!

Once you have paid off your debt, Jefferson Capitol will remove the previous negative reporting from your credit reports and will only report your new “Emblem” MasterCard with a positive payment history, assuming that you make all your payments on time. It’s a win – win!

For all the bad news that you hear about collection agencies, it is very refreshing to know that a few of them, such as Jefferson Capitol Systems, LLC is actually willing to give the debtor a fresh start towards reestablishing new credit. 

If more collection agencies took a similar approach, unpaid debts could be greatly reduced in America. Sometimes, all people need is a second chance.

**Are your credit reports a little dinged up? I highly recommend "The Credit People." Read my full review here at: The Credit People: Voted #1 For Affordable Credit Repair.

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