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Established Member
Posts: 20
Registered: ‎06-05-2007
0

auth user vs. joint acct

i am aware of the au crackdown coming up but i was told that as long as u r added as a Joint user and not a auth user then u will still get the credit in your scores---equal liability but equal value in boosting your score ---is this correct or am i way off???   ---ty in advance sup contributors
Frequent Contributor
Posts: 436
Registered: ‎06-15-2007
0

Re: auth user vs. joint acct

Your correct!
Established Member
Posts: 20
Registered: ‎06-05-2007
0

Re: auth user vs. joint acct

so if a friend puts me on his card as a joint user   then they pull my credit score --then decide if my score is high enough to warrant a card for me ----then that is when i get it or is it automatically given because the primary cardholder has requested that-----if so then y dont the au people switch to this----still confused? ty again
Moderator Emeritus
Posts: 16,385
Registered: ‎03-12-2007
0

Re: auth user vs. joint acct



zaqxsw wrote:
i am aware of the au crackdown coming up but i was told that as long as u r added as a Joint user and not a auth user then u will still get the credit in your scores---equal liability but equal value in boosting your score ---is this correct or am i way off???   ---ty in advance sup contributors


Becoming a joint on an account entails the same process as applying for new credit; filling out an app and then comes the hard inqs.  Its not as simple as the primary adding an AU where there is no credit application process.  My wife and I am currently doing this with Chase. I will first be added as an AU, then my wife and I need to fill out paperwork (the app) and return it to Chase. Once they receive it, they will pull my credit and if approved change my AU status to joint.
 
I believe I will get the entire TL history to report on my CRs but I'm not 100% certain on this. I will update this forum when I know.  In your case if its the same CC and you are changing from AU to joint, I have to think you will benefit and not see a drop in your scores.  But you never know with
FICO.Smiley Tongue
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: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


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