Reply
Moderator Emeritus
Posts: 16,374
Registered: ‎03-12-2007
0

Re: Spiking your credit score



trinigal wrote:


MidnightVoice wrote:
People may not believe it, but some cardholders make members of their family AUs for reasons OTHER than fiddling with credit scores  :smileyvery-happy:
 
For example, my daughter carries one of my cards as an AU, so if she ever gets into real trouble (car breaks down, stuck in an airport, starving etc) she had a bunch of credit available.  She has not yet used it, and I hope she never has to.  But we are all happier knowing she has it


Message Edited by MidnightVoice on 06-24-2007 04:30 PM

i concur, my first credit card was a FirstUSA that my Grandpa (RIP...I love you) gave me.  It was his and he added me as an authorized user when I was going off to college. 
 
And personally, I feel like, with the hundreds of ways creditors, and dare I say it CRA's, stick it to people, if you can use this to your advantage, why the heck not?! I see nothing wrong with it.  Well...... people making money off of adding strange people to their accounts is bad business, but family..... nothing wrong with that.


EXACTLY!:smileywink:
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
New Contributor
Posts: 144
Registered: ‎06-01-2007
0

Re: Spiking your credit score

Totally the point I was making in one of my earlier post. I think it is wonderful that we can add a family member, friend or who ever we want to have our cc as a AU. Both my daughters sometimes use or carry mine. They are not AU's, but have never been questioned on any useage. One daughter in particuliar especially loves to go to the mall with some of my Dept. Store CC. LOL. But she is given a limit.
 
FUSED111-I did jump the gun on EQ being the first to stop the points on AU's. I should have used the term "speculation". 
 
 Most things I have read and heard is that EQ is going to be the first, and then at a later date that TU and EX were going to as well. Maybe if enough people complains to FCRA about it, then possibly we could stop it. Don't know if that would be an issue for FCRA, if not maybe another agency like the State Att. General's.
 
Whatever it would take, I would like to see it prevented from coming in to effect.
 
Maybe we could scream "Our Children need it, instead of the schools need it............!!!?????
Moderator Emeritus
Posts: 16,374
Registered: ‎03-12-2007
0

Re: Spiking your credit score



cbjn1103 wrote:
Totally the point I was making in one of my earlier post. I think it is wonderful that we can add a family member, friend or who ever we want to have our cc as a AU. Both my daughters sometimes use or carry mine. They are not AU's, but have never been questioned on any useage. One daughter in particuliar especially loves to go to the mall with some of my Dept. Store CC. LOL. But she is given a limit.
 
FUSED111-I did jump the gun on EQ being the first to stop the points on AU's. I should have used the term "speculation". 
 
 Most things I have read and heard is that EQ is going to be the first, and then at a later date that TU and EX were going to as well. Maybe if enough people complains to FCRA about it, then possibly we could stop it. Don't know if that would be an issue for FCRA, if not maybe another agency like the State Att. General's.
 
Whatever it would take, I would like to see it prevented from coming in to effect.
 
Maybe we could scream "Our Children need it, instead of the schools need it............!!!?????


You are not alone in thinking it will be EQ, most are predicting the same. 
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
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 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.

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

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.