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No confirmation on the CRA yet! Many here think it will be EQ though.
cfstr1 wrote:
Does anyone know whether or not the CB who will stop recognizing AU's in September will invalidate AU accounts prior to the new program date or AU accounts that begin in September after the switch?
cfstr1 wrote:
Does anyone know whether or not the CB who will stop recognizing AU's in September will invalidate AU accounts prior to the new program date or AU accounts that begin in September after the switch?
Posters are also reporting some CCCs such as CITI are no longer accepting joint account apps. This is unfortunate as this is a possible way for an AU to become a joint account holder and maybe avoid a major drop in their FICO scores.
Tuscani wrote:Yep.. my money is on EQ for Sept. It is my understanding that AU accounts will still report, but they will be exempt from score calculations. It's going to be interesting to see how the CCCs, CRAs and MyFICO is going to differentiate between AU and non-AU accounts. My first thought is any account with the notation "Authorized user" would be the determining factor. Problem is not all AU accounts show this notation. Seems to me the only way to accurately achieve their goal would be with new CRA subscription codes (assuming the CCC does not decide to simply stop reporting for AUs).. Should be interesting.
fused111 wrote:Posters are also reporting some CCCs such as CITI are no longer accepting joint account apps. This is unfortunate as this is a possible way for an AU to become a joint account holder and maybe avoid a major drop in their FICO scores.
Tuscani wrote:It's going to be interesting to see how the CCCs, CRAs and MyFICO is going to differentiate between AU and non-AU accounts. My first thought is any account with the notation "Authorized user" would be the determining factor. Problem is not all AU accounts show this notation. Seems to me the only way to accurately achieve their goal would be with new CRA subscription codes (assuming the CCC does not decide to simply stop reporting for AUs).. Should be interesting.