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New Member
Tpfire12
Posts: 4
Registered: ‎01-10-2013
0

Authorized user

Will Being added as an authorized user affect my credit score either positive or negatively
Epic Contributor
Creditaddict
Posts: 20,896
Registered: ‎10-23-2007
0

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!

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
New Member
Tpfire12
Posts: 4
Registered: ‎01-10-2013
0

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
Epic Contributor
Creditaddict
Posts: 20,896
Registered: ‎10-23-2007
0

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?

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
New Member
Tpfire12
Posts: 4
Registered: ‎01-10-2013
0

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
Epic Contributor
Creditaddict
Posts: 20,896
Registered: ‎10-23-2007
0

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?

Fico Scores: EQ- 682 DCU, TU 696 Walmart, EX 695 NASA(10-6-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
63 Cards and Counting :smileytongue:
New Member
Tpfire12
Posts: 4
Registered: ‎01-10-2013
0

Re: Authorized user

Thanks
Moderator
Revelate
Posts: 9,486
Registered: ‎12-30-2011
0

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 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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