Switching a user from AU to Joint - Is it possible?
I added my DH as an AU on several of my CCs last year when we got married. He has a BK7 from 2003 and has had lots of trouble getting new credit. His most recent rejection was from Capital One in January when he replied to one of those "pre-qualified" offers in the mail. Why do they tell you you're pre-qualified and then reject you? Talk about digging the knife in even deeper.
Unfortunately in addition to the BK7 he has multiple collection accounts (some as recent as 2 yrs ago) and some other derogs for late payments.
His FICOS (from ScoreWatch) right now are: TU-661 / EQ - 615 / EX - 656
The only open CC on his CBRs IN HIS NAME is a 2 yr old Orchard Bank card with a CL of $600 on it.
I'm worried about what will happen to his FICOs when the CRA's stop using AU info on the CBR's.
Is there a chance that he might be able to become listed as joint on my old CC's that have him listed as an AU? I have CCs with Chase, Discover and AmEx. Do any of them entertain the notion of switching someone from an AU to a reposnsible party? If so, does DH have a snowball's chance in hell of becoming a responsible party at this point, even though he was turned down for a Cap1 CC only 5 months ago?
DH's FICOS: July '08 TU-661 / EQ-593 / EX-656 --> April '09 TU-730 / EQ-705 / EX-685
MY FICOS: July '08 TU-735 / EQ-727 / EX-767 --> April '09 TU-789 / EQ-774 / EX-767
Re: Switching a user from AU to Joint - Is it possible?
Chase and Discover will convert to joint, but it will involve a hard pull, and possibly a change in terms to something less favorable than they currently are. The change in terms would, of course, apply to both accountholders.
Amex does not offer joint accounts at all.
Message Edited by cheddar on 06-24-200809:44 AM
---------------------------- App free since 7/11/08. TU 744 / EX 710 / EQ 694 (Starting to slip. )