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Posts tagged "Credit Card Debt"

Authorized users can create serious credit card debt

Many Tennessee residents have added a friend or loved one to one or more of their credit cards. Adding someone as an "authorized user" can help boost their credit score, and is a great tool for someone who is just starting to establish credit, or is recovering from a serious credit score setback. This act of kindness, however, can come back to bite the original borrower if the privilege is abused. Far too many people have seen their credit card debt rise based on the actions of an authorized user.

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