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authorized user

New Visitor

authorized user

Hello 

I just filed for chapter 7 BKR.  My parents are going to get on their credit card as an authorized user, and the card has a decent limit.

Will this help me in any way?  It won't really make much diffence, would be nice if it does. The card is just so I have one for emergencies, etc..

3 REPLIES
Regular Contributor

Re: authorized user

If the card reports to the credit bureaus, then it will likely help, as you probably will have little to no revolving accounts reporting and this card will (presumably) report a low balance compared to the credit limit. If the card is maxed out, it may not help.
Community Leader
Super Contributor

Re: authorized user

I would have them do it though until after your official DC. It also depends on what card as an AU you'll be on, and if you burned that lender in your BK as to whether you might even be able to put on it. What card is it?
(BK7 d/c-08/2013/FICO-400's) ~ 07/2017 FICO 08- EQ-669, TU-676, EX-681
Scores being held down by tons of INQ/New acts Smiley Wink
New Visitor

Re: authorized user

It is with Chase bank, and chase was a bank that was burned in the bkr.

My parents already got the card for me.

It has a high limit, but will have minimal ususage.  Just for emergencies.