Credit Card Center Advertiser Disclosure†
04-10-2007 09:22 PM
04-11-2007 12:30 AM
04-11-2007 08:14 AM
04-17-2007 07:23 AM
04-17-2007 07:32 AM
04-17-2007 09:06 AM
04-17-2007 11:20 AM
04-17-2007 01:03 PM
karenkkj wrote:After my bk, my mother was nice enough to add me as an authorized user to a couple of her credit cards. While this probably helped my scores, I found it hurt me when I tried to apply for new credit. I would go in and apply for a loan and the lender would say that my DTI was too high. As we went over my credit report together and I pointed out the the two cards were my mothers, they didnt seem to care. They said that it would be my responsibility to make the payments if my mother did not, so they would not overlook the balances or monthly payments. I hope this helps any of you that may be considering the benefits of AU.KarenLoan officer in UTSorry youare dealing with people who don't know what they're talking about. Being an AU means you have NO responsibility for repaying adebt just that you are a user of the account. Now if your mother added you as a co-borrower that's a different kettle of fish altogether.
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.
* 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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com 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.