Credit Card Center Advertiser Disclosure

Posts: 139
Registered: ‎07-31-2012
0 Kudos

Re: Authorized User Accounts

I would not mind if the age of the account started on the day that the AU was added. This is the only category that doesn't show the if the AU is credit worthy, the advantage the AU would have over getting his/her own credit is no HP and guaranteed approval (as long as the card reports AUs). IMO, being an AU is similar to being a joint account holder. You both take care of the account and won't want high Util. or a missed payment to affect you, having the entire age of the account just as if it were yours all is  not an accurate measure of being credit worthy (of course, I will use it if it is there, but won't miss it).

As of Feb: AAoA 1 year, 10 months
CK TU: 740; Wal-Mart TU FICO: 721
CS EX: 715
8 CCs, 15 total accounts.
Negs on report: 1 30 day late aged 3 years
5 inquiries
Valued Contributor
Posts: 2,100
Registered: ‎01-05-2010
0 Kudos

Re: Authorized User Accounts

[ Edited ]

llecs wrote:
However, after a review of the legalities of it, FICO backed off and reverse their decision and re-included AUs on the newest FICO versions. The Equal Credit Opportunity Act was interpreted to prohibit the exclusion of AUs and it was that law that led to the reversal.


Authorized User Accounts (everyday accounts). Wasn't it about spouses? FICO "later reversed their decision after  consumer advocates observed that FICO 08 could unfairly impact women and/or stay-at-home spouses, and lenders’ concerns that using the new model would impede their compliance under Regulation B—which requires lenders to consider credit histories on accounts shared by spouses when assessing a married person’s credit risk." FICO had actually found a way to separate such valid AUs from the rest, so I don't know why they felt compelled to toss the whole deal; the article touches on that too. I hope that lawmakers at any potential time would acknowledge the distinction.

Moderator Emeritus
Posts: 32,865
Registered: ‎08-04-2007
0 Kudos

Re: Authorized User Accounts

Yes, I too think it was over spouses. Many would have been impacted due to the change.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.