Experts advise caution with ‘piggybacking’ practice

Because it can often be hard for teenagers and young adults to build up their credit, financial experts often advise them to "piggyback," which is defined as becoming an authorized user of someone else's credit card, such as a parent. But before doing this, families should exercise caution, according to the editors at CreditCards.com interviewed by the Kansas City Star.

For instance, if the account owner can't pay their bill, their poor credit score could adversely impact the new user of the account's credit.

Something else that may hinder the piggybacking process, according to the website's editors, is that some creditors don't report newly authorized users to credit bureaus. Thus, parents should consult with their credit card company to make sure it recognizes this practice.

Piggybacking can also be a problem for the teens and young adults if creditors make inaccurate notations on their parents' credit report, as it may cause the new user to be saddled with a poor score. A credit repair lawyer may be able to apply the proper corrections, however, in such circumstances.