too late to co-sign account with parent?

[frugalQ]

OP,

Since you only have credit cards on your credit report, you may benefit from adding a different type of trade line...like some sort of installment loan. Mix of credit is also a factor in your credit score ( I don't know much impact though).

Maybe you can get added as AU on a couple of your mom's oldest credit cards and then apply for something like a signature loan from your credit union or bank (do not use a finance company)....deposit that $$$ and use it to pay the monthly bill.

Adding the cards will offset any AAoA decrease from the new installment loan.

[09Lexie]

Here's an explanation of rebucketing:

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Understanding-quot-rebucketing-quot/td-p/...

To answer your other question, you will have a warning that you are going to be rebucketed. It's to like if you miss a pyt and 30 days later the derog is going to hit your report. FICO scoring is complex and obviously not published - don't forget each CRA has its own scoring algorithm.

[gen-specific]

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@frugalQ wrote:
OP,

Since you only have credit cards on your credit report, you may benefit from adding a different type of trade line...like some sort of installment loan. Mix of credit is also a factor in your credit score ( I don't know much impact though).

Maybe you can get added as AU on a couple of your mom's oldest credit cards and then apply for something like a signature loan from your credit union or bank (do not use a finance company)....deposit that $$$ and use it to pay the monthly bill.

Adding the cards will offset any AAoA decrease from the new installment loan.

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I'm not going to do that at this point, I would have done something roundabout like that a few years ago

thanks for the suggestion! its clever