Reply
Valued Member
Posts: 47
Registered: ‎01-11-2008
0

No AU credit?

Ok, I'm really new to FICO world.  So if I'm added on as an AU I won't be abe to get the credit history of the account?  Has this gone into effect yet.  I can't find a clear answer.
Moderator Emeritus
Posts: 6,794
Registered: ‎09-29-2007
0

Re: No AU credit?



jay33 wrote:
Ok, I'm really new to FICO world.  So if I'm added on as an AU I won't be abe to get the credit history of the account?  Has this gone into effect yet.  I can't find a clear answer.


Currently, if you are added as AU, you will get the entire history of the account.
 
When FICO 08 goes into effect, AU accounts will stop counting for FICO scoring purposes.  They will still appear on your CRs, but they will be ignored by the scoring algorithm.
 
FICO 08 has not gone into effect.  It is expected sometime this year, but nobody knows for sure if/when it will happen.
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
0

Re: No AU credit?

I *think* I read somewhere that EX was the farthest along in implementing FICO 08, but still no definite timeline for full implementation.

I also read that EQ isn't going to implement it until their lawsuit with Fair Isaac is over.
Here we go again...
Valued Member
Posts: 47
Registered: ‎01-11-2008
0

Re: No AU credit?

Thanks for the info.  I just got added as an AU on two store CCs and a bank CC.  I'm hoping to get my score up and apply for a secured CC.  Any thoughts on where I should go?  alot of people say CU's or someplace like BofA.
 
EQ 583
EX 615
TU 563
Valued Contributor
Posts: 1,424
Registered: ‎07-24-2007
0

Re: No AU credit?

jay - if you have three new (presumably good) accounts showing up soon, you may not have to look at secured cards. I know when I added my sister as an AU on 2 of my AMEX cards, she saw a 50+  point jump in her scores.
 
You may not see 50 poitns, but you should be in the low-mid 600's.
New York Yankees - 2009 World Series Champions. 27... and counting.....
Valued Member
Posts: 47
Registered: ‎01-11-2008
0

Re: No AU credit?

So lets say with a 30-40 point increase in score what unsecured could I apply for?  Right now it seems I only get secured offers.
Valued Member
Posts: 47
Registered: ‎01-11-2008
0

Re: No AU credit?

bump
Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
0

Re: No AU credit?

[ Edited ]

jay33 wrote:
So lets say with a 30-40 point increase in score what unsecured could I apply for? Right now it seems I only get secured offers.



If your EX goes up a little I would say you have a shot at getting an Amex Gold Delta Skymiles card. You could also try for a Green on the same inquiry as long as you apply for both on the same day.

I'm sure Capital One would also give you an unsecured card with your scores.

Message Edited by FretlessMayhem on 05-06-2008 03:33 PM
Here we go again...
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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.