There is somethings that you need to be aware of when you are an authorized user on someone else's credit card account. It is still up to the individual lender whether or not they will honor & use the Fico score generated from these types of trade lines. Second, talking with some of the lenders, here is what they had to say. When we look at an applicant's credit report & score, we want to see that they are responsible for their own account to which they have manged in a positive manor by making the payments on time. When a person seeking credit piggybacks off of another individual's credit report there is no way that the level of credit risk can be achieved. In other words, because they are not responsible for the account & are not making payments, we will treat the person as new credit credit until they prove otherwise. Now if there are other accounts that actually belong to them, meaning they have applied with their own social security number, will be considered for a better rate because now we can determine their level of credit risk.
