10-25-2012 11:43 AM
I'm impressed frankly
My DW did not have her own credit at all - she spent a lot of early adulthood outside of the US, so she never actually needed to have credit here.
After we moved to the US and I started to build my credit, I was adding her as an AU to ALL cards I've been getting.
A couple of days ago we decided that she needs to have her own very first couple of cards and I suggested that it should be Walmart (easy to get, free score) and Paypal Extras (again, backed by GE).
She got instantly approved online for $700 Walmart and "Sorry, you are not eligible for this offer now" after applying for Paypal (they also hard pulled her, so we'll try to call and figure out why so).
But the most exciting part is her score - we signed her up for online banking and her very first TU score in her life was... 766
I know it might plummet now a bit with 2 new inquiries, but anyway I'm more than happy and surprised. This also gives me a kind of perspecive of what my score can look like when all my 10+ inquiries over past year will drop. Currently mine is significantly lower than hers
Just wanted to share this, I thought she'll start with kind of mid-600s, but great that it was not the case. Being an AU rocks
10-25-2012 12:24 PM
BTW, just called Paypal Extras, they only needed to perform security verification, so another $700 card is now on its way.
I wish I could have had a similar seamless start myself a year ago
10-25-2012 12:43 PM
AU's have a very strong impact on your credit score, I'm pretty sure just as strong as your own personal accounts even if people say otherwise. I've seen 800+ score from adding ONLY a ACM to a 30 year old Amex account.
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.
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.