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Frequent Contributor
CreditBob
Posts: 493
Registered: ‎05-01-2007

Authorized User Accounts

[ Edited ]

I wanted to also send you this email in regards to the recent changes on authorized user accounts that are being reported to the credit bureaus.

All authorized user accounts that are on a individual's credit report will not have the age account history in relation to the original accounts holder's history. Let's say your dad has added you as an authorized user & has had the account opened for twenty years from 08/10/1992. The new change will only report the authorized user's open date from the date that it was added on. So for example if the authorized user account was added on 01/31/2012 then as of 08/10/2012 the account is only 7 months old. As a result a lot of authorized user accounts will cause their score to drop