I'm going to share a secret with you. This is a rich guy technique. This technique can increase your credit score by hundreds of points. Let me fill you in on some background first.

Credit scores basically work by giving you points based on the activity on your "open and active" accounts. Each one of your open and active accounts contributes a certain amount of points towards your credit score. The amount of points generated by each open and active account is determined by the payment history, the balance and the length of history on the account.

Accounts with a better payment history, a lower balance and a longer history will score the more points.

Let me give you a quick analogy before I give away this technique of mine, so you know where I'm coming from. Since each one of your open and active accounts contributes a certain amount of points towards your credit score, I like to think of each open and active account as a player on my basketball team. Some players are going to score a lot of points because they are well tested veterans while other players might not score as many points.

The goal is to establish the strongest possible team for your credit. You don't want just one player on your team, you have to have at least 5 players on your team to maximize your credit score. Furthermore, you don't want a bunch of rookies on your team, you need a team full of all star players who can put the ball in the basket and score lots of points for you. You need a couple of all star players on your team. You need a Kobe Bryant and a Pau Gasol on your team.

So if you evaluate your team of open and active accounts and see that you are lacking depth or history, there is a great strategy that you can utilize. You can basically add very well seasoned, all star players onto your team.

If you know someone who has a credit card or department store charge card, they can add you onto that account as an "authorized user" and that account, along with its entire payment history, will show up on your credit report.

That is the strongest strategy for most people. This can increase your credit score by over 100 points in some situations. I did this for myself on two different occasions. The first time, the only open and active account that I had was my car loan and it was only about a year old. I had a co-worker add me to her Nordstrom account. My mom added me to a HSBC/Orchard Bank account. My uncle added me to a credit card also. Out of the first three accounts I was added to, only two of them showed up on my credit report but those tow accounts increased my credit score from a 620 to a 670.

The next time I tried this, I had a family member add me onto three of her credit cards. These three accounts were between 15-25 years old. Once again, out of the three accounts I was added onto, only two of them showed up on my credit report but those two accounts brought my scores up from a 680 to a 740.

Because of those two accounts, I now have 20 years of credit history on my credit report even though I'm only 29 years old.

If you have any questions about this strategy, please call me at 866-979-1099 (205)

Warm Regards,

Jack B. Olson