Does anyone have any experience selling AU slots for the purposes of boosting their credit? I found a company, BoostCredit101, that's offering $125 per AU that I add.
Marco Polo, ShlockDoc: Why do you say? The AU doesn't get the card and on the CR all it shows is the first few digits of the number.
It can't harm your credit if the person you add has bad credit.But thy can probably call your bank and get another card sent to them and swipe away...
Does anyone have any experience selling AU slots for the purposes of boosting someone's credit? I found a company, BoostCredit101, that's offering $125 per AU that I add to my card.
Don’t cancel those churnable cards! Do you have old cards sitting around that you haven’t cancelled or downgraded after churning? Rent your authorized user slots to us and we will pay you $200+ per month depending on your card type, history, and limit. Email investorsupport@BoostCredit101.com and mention “/r/churning” in your email for an additional one-time bonus of $75 on top of your first authorized user.
I think someone posted it yesterday. Consensus was not to do it i think.
What's the downside? People worried about A/A?
I'm going to try and find where it was discussed...
Found it here.
Can it cause ur credit harm if they have bad credit ?
How can they call your bank when they don't have any idea who the card owner is or the account number?
Read on FT --people got closed down for this -ask your self is it worth the risk
Sounds really shady. There's gotta be less risky ways to make $125.