thatgrri3 wrote:It is not illegal to be listed as an authorized user on someone's account. It's not a loophole either, because the CRA's set it up that way! However, when they do discontinue reporting AU's, then none of us will get a "spike" in our credit reports and there won't be a "loophole" to get it done either. While it's true that some might say that it is "not right" that someone can do that, that simply doesn't make it illegal. There are pros and cons to AU's, as well as situations when it is VERY appropriate.
MidnightVoice wrote:People may not believe it, but some cardholders make members of their family AUs for reasons OTHER than fiddling with credit scoresFor 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