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Authorized user

New Member

Authorized user

Will Being added as an authorized user affect my credit score either positive or negatively
Message 1 of 8
7 REPLIES
Epic Contributor

Re: Authorized user


Tpfire12 wrote:
Will Being added as an authorized user affect my credit score either positive or negatively

Depends who and what is adding you to and who or what you have on your credit now.

one with terrible credit getting added to a nice 10+ year old card with a nice credit line that is kept with very low balance, probably help you tons!

Message 2 of 8
New Member

Re: Authorized user

Credit score is 661 and hers is 710 and the card is about 6 years old on her part
Should this affect my credit score in a positive manner?
I have $1000 available credit and my limits are $3000. Her credit has a $50000 limit with $49000 available
Thank you very much
Message 3 of 8
Epic Contributor

Re: Authorized user


Tpfire12 wrote:
Credit score is 661 and hers is 710 and the card is about 6 years old on her part
Should this affect my credit score in a positive manner?
I have $1000 available credit and my limits are $3000. Her credit has a $50000 limit with $49000 available
Thank you very much

$50k?? with what bank?

Do you have any negatives on your credit?

Is this $2k balance just on 1 card and you don't have others or many cards you have?

Message 4 of 8
Highlighted
New Member

Re: Authorized user

Bank of America is her card
My balance is between two cards
I have negatives and no card offers yet
I have two credit cards
Message 5 of 8
Epic Contributor

Re: Authorized user


Tpfire12 wrote:
Bank of America is her card
My balance is between two cards
I have negatives and no card offers yet
I have two credit cards

You *HAVE* or don't have negatives?

 

Who are your two cards with and what is balance and credit line on those 2?

Message 6 of 8
New Member

Re: Authorized user

Thanks
Message 7 of 8
Moderator

Re: Authorized user

OK, specifics, since it all depends on the individual tradleine in question:

 

If that BOFA account has:

  • Good limit
  • No lates or other negative information, ever
  • Low balance
  • Longer history than yours

Then take the AU and make certain you do something incredibly nice for the person granting you this favor.

 

That said, looks like you'd be just fine FICO wise if you simply paid your cards down, ~66% is non-trivial.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


Take the myFICO Fitness Challenge
Message 8 of 8