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Frequent Contributor
ac921ol
Posts: 356
Registered: ‎11-16-2012
0

does credit one report autorized users?

I just made my better half one.  Does it report on her CR. Does she need to use it? Do I need to activate it? I've had it 4 years, with payments on time and paidoff. 



12/28/13 (Garden Start Date)



Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: does credit one report autorized users?

sub prime credit cards like credit one can do more harm than good, since prime lenders gets a glimpse of how bad your credit probably was. I know for a fact that Amex hates First Premier for this reason. Regardless just get secured cards, but if she needs a step up add her on if it reports or not then after her scores get better remove it.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Frequent Contributor
ac921ol
Posts: 356
Registered: ‎11-16-2012
0

Re: does credit one report autorized users?

Wellihope it helps her. She has 630 an im at 689, with 9years of history, she has one year. 



12/28/13 (Garden Start Date)



Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: does credit one report autorized users?


ac921ol wrote:

Wellihope it helps her. She has 630 an im at 689, with 9years of history, she has one year. 


it should help her fico score definately if they do report it, unfortunately it could hurt her chances of getting prime cards when she establishes better scores. It'll be hit or miss. with 1 year of history 630 is pretty low, is that an actual fico? cause there are millions of fake scores on the internet that no one uses.

 

credit scores should start around mid 600's  now lower. did she miss a few payments ?


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Frequent Contributor
ac921ol
Posts: 356
Registered: ‎11-16-2012
0

Re: does credit one report autorized users?

[ Edited ]

distantarray wrote:

ac921ol wrote:

Wellihope it helps her. She has 630 an im at 689, with 9years of history, she has one year. 


it should help her fico score definately if they do report it, unfortunately it could hurt her chances of getting prime cards when she establishes better scores. It'll be hit or miss. with 1 year of history 630 is pretty low, is that an actual fico? cause there are millions of fake scores on the internet that no one uses.

 

credit scores should start around mid 600's  now lower. did she miss a few payments ?


She claimed BK 3years ago. Also does it need to be activated? 



12/28/13 (Garden Start Date)



Frequent Contributor
ac921ol
Posts: 356
Registered: ‎11-16-2012
0

Re: does credit one report autorized users?

So do I need to activate her AU card? Or do I need to activate it and use it so it reports on her CR


12/28/13 (Garden Start Date)



Valued Contributor
nicholasyud
Posts: 1,737
Registered: ‎08-13-2012
0

Re: does credit one report autorized users?


distantarray wrote:

sub prime credit cards like credit one can do more harm than good, since prime lenders gets a glimpse of how bad your credit probably was. I know for a fact that Amex hates First Premier for this reason. Regardless just get secured cards, but if she needs a step up add her on if it reports or not then after her scores get better remove it.


+1 i got to hold on to my Credit one for another 6 months then call in and cancel.......Just to make up some history...they horrible they charge you interest on purchase from  day 1 .

 


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Frequent Contributor
kimmiller112
Posts: 472
Registered: ‎04-09-2012
0

Re: does credit one report autorized users?

They don't ask for a social for an authorized user, do they?  They may not report.

Barclays USAir World MC $8300 - DCU $7500 - USAA World MC $7000 - PayPal Extras MC (GE) $5500 - Chase Saphire Preferred $5000 - Discover It $6000 - Barclays Sallie May $2700 - Chase Freedom $1000 - Capital One $8500 (business) - store cards ranging from $500-$9500
Valued Contributor
nicholasyud
Posts: 1,737
Registered: ‎08-13-2012
0

Re: does credit one report autorized users?


kimmiller112 wrote:

They don't ask for a social for an authorized user, do they?  They may not report.


Usually prime card doesnt need to ask for your social. They have some system would identiy who you are .........i know Discover does that.......


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Frequent Contributor
ac921ol
Posts: 356
Registered: ‎11-16-2012
0

Re: does credit one report autorized users?

[ Edited ]

Yeah. I only have CapOne credone and GE/crb 4 years of history with both and 3 years with GE. But I'm looking to help her score out so I'm hoping it reports for her. I'm waiting for my score to get in the 700+ then apply for a Amex BCE, I'm at 689 now.



12/28/13 (Garden Start Date)




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