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New Contributor
creditdreamera
Posts: 65
Registered: ‎09-22-2012
0

Second card for my mom

So, my mom has horrible credit. I was just wondering if having a second Wal-Mart card issued to her hurts me in any way?? Or can this essentially help her out, being "associated with me" so to speak.

EX -682
EQ -658
TU -663
Valued Contributor
Jazzzy
Posts: 2,678
Registered: ‎07-29-2009
0

Re: Second card for my mom

If you are wondering about putting your mom on your card as an Authorized User...no, it won't hurt you. Just be certain you understand that you are liable for all of her purchases on the card.

Senior Contributor
youngandcreditwrthy
Posts: 6,155
Registered: ‎08-16-2012
0

Re: Second card for my mom

Equally as important, if you default, that could make her cred worse...
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
CruzImperial
Posts: 867
Registered: ‎07-04-2012
0

Re: Second card for my mom

If she's added to your acc as AU, it would only help with util and aaoa.

Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Second card for my mom

Not all banks report AU's. Technically an AU is somebody who is able to use the account but is not liable for the charges. Whereas a coapplicantis liable for the charges.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Valued Contributor
maiden_girl
Posts: 2,094
Registered: ‎12-29-2011
0

Re: Second card for my mom

I don't think you can add AUs to the Walmart card if that was your intention.

The truth is out there...
FICO scores: 758 (EQ) 741 (EX) 768 (TU) 8/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Discover (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)






Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Second card for my mom

[ Edited ]

maiden_girl wrote:

I don't think you can add AUs to the Walmart card if that was your intention.


Well that solves that one...haha Ignoring maiden_girl (I'm kidding, your info in generally great...Please reply to my newest thread if you have any ideas on the topic.)

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Second card for my mom

I would recommend you do not mix your mom's credit with yours.

 

You can help her with her own credit, but do not get yours involved. If she is okay with it, you could pull her report on a free site like credit karma and make recommendations to her.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Valued Contributor
maiden_girl
Posts: 2,094
Registered: ‎12-29-2011
0

Re: Second card for my mom


Dustink wrote:

maiden_girl wrote:

I don't think you can add AUs to the Walmart card if that was your intention.


Well that solves that one...haha

 


Ignore me! I noticed a link on the login page where you can add an AU! I seriously read somewhere you couldn't get an AU on that card...

 

The truth is out there...
FICO scores: 758 (EQ) 741 (EX) 768 (TU) 8/14 | Goal score: 750+ (all 3)
Tradelines: Capital One QS NPSL (5.0k) | Discover IT (6.0k) | Walmart Discover (5.0k) | Chase Freedom NPSL (7.3k) | Citi Simplicity (9.3k)






Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Second card for my mom

[ Edited ]

My mom buried herself in credit card debt at 21% interest. Using her credit and with her permission, I got her approved for a $5k slate card with no transfer fee's and 0% until dec 2013. We conference called chase, and they gave her what we asked for.

 

So there are other ways to help other than adding her name to your accounts. She just needs to start building again.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%

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