New Visitor
Posts: 1
Registered: ‎03-10-2009

Adding son to credit card

If I add my son to my credit card will any past negatives under his name effect my credit?  He had a lost movie and they sent him to a collection agency when he swears he returned it.  To stop the collection calls he paid the movie.  Now he wants to get credit established by adding his name to my card.  Will the collections event under his name effect me?
Posts: 23
Registered: ‎11-13-2008

Re: Adding son to credit card

i don't believe they will...anything on that account that you do will impact his score though. make sure you keep the balance atleast 50% below the credit limit or you'll hurt his score even more.
Valued Contributor
Posts: 2,791
Registered: ‎03-18-2007

Re: Adding son to credit card

Adding him as an authorized user (AU) will not cause his past issues to start showing up on your reports.


Your good credit will show up on his reports, for that cc only.



It's never too late to become the person you might have been. ~George Eliot

02/12/09 EX: 701 / 02/08/10 EQ: 719 / 02/08/10 TU: 723

Backdoor Numbers, Credit Scoring 101, Understanding Your FICO Score PDF

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+