Traditionally, many parents have been advised to add their kids to their credit cards as authorized users to give them a head start in life. Sadly, not everyone has a parent with good credit to do that. Additionally, a large scale study of 300,000 credit profiles concluded that approximately one-third of our entire nation has one or more authorized user tradelines in their credit file.
This same study pointed out that minorities and the lower demographic sectors were less likely to have these types of tradelines, which is further evidence of the inequality that exists in our financial system.
Your Blueprint helps reduce this inequality by providing an equal opportunity for those who were not fortunate enough to have a friend or family member provide such a favor.