Credit Card Center Advertiser Disclosure†
10-03-2012 05:29 PM
I got some cards 2 months ago and got my cousin as AU to them.
In the last 12 months, she only had opened 2 accs of her own and only 1 inq in EQ, and TU. Her aaoa is 1 year 1 month.
She had toy limits (<1000) and I added her to 5-6 of my cards to help util. Would the AU cards count against her?
The problem is, she might have a collection in her reports soon (don't know yet) and it will be difficult after that.
If she applies right now, would she be turned down because of the newly opened AU accounts?
Her Equifax is 732 from here.
10-06-2012 12:46 PM
Would the AU account with 2 months history get her denied?
10-06-2012 01:37 PM
its all ymmv kind of thing..
why add her to a new card though.
if your older cards have low util?
it would help her util and her aaoa.
im not certain but it wouldnt effect her until it reports.
as for cards and collections.
what is she trying to app for?
and the co is it because of something she didnt pay recently or because its in dispute?
depending on what she decides to app for with a lower aaoa they might approve her but like stated with toy limits.
|Current: Discover Fico 709 3/15 Walmart Fico 743 4/15|
Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Earn Cash Back
|Amex Zync(Unicorn) |
Citi DC $10,000
10-09-2012 12:06 AM
I added her to my new cards because i'm trying to help her with the util. My oldest cards that I pif have less than 1k CL and I'm currently using the Home design card.
The CO is from a long battle with an auto insurance company. Nothing is on her report just yet and probably won't be if everything goes according to plan as we've already paid them in full.
My cards are reporting in her credit report as of now. She would be looking mostly for student cards like the citi forward for students and trying to get her a card from WF.
She won't apply right now tough. We will wait until the accs age. Probably until Feb or Mar next year.
Thank anyways for the interest
10-09-2012 12:13 AM
Does she have previous history or just the history from being an AU on your new cards? Yea I would definitely wait before applying for anything! I've been reading a lot of folks getting denied for the student WF card for insufficient history. Waste of an HP considering its a student card...smh.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.