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Established Contributor
Crossdivided
Posts: 534
Registered: ‎01-23-2013

VA Loans and AU Reporting

I am considering asking a family member to add me as an AU on a Discover account strictly for revolving util purposes. I understand on conventional loans this is sometimes a problem, but would it make any difference for a VA loan assuming you otherwise qualified without the AU account?

I have multiple other (individual) tradelines, so it wouldn't be needed to show recent good payment history, etc.

Thank you!
Established Contributor
Crossdivided
Posts: 534
Registered: ‎01-23-2013

Re: VA Loans and AU Reporting

bump

Established Member
postalmommy
Posts: 21
Registered: ‎09-19-2012

Re: VA Loans and AU Reporting

bump

Gardening until November 2013
TU 635 (myfico) Sept 2012; 642 (myfico) July 2013
EX 655 (FAKO) Nov 2012;
EQ 548 (FAKO) Nov 2012; 603 (myfico) July 2013
Goal 750 for ALL
Super Contributor
ShanetheMortgageMan
Posts: 7,377
Registered: ‎09-28-2007

Re: VA Loans and AU Reporting

VA is fine with that, they don't have any rules regarding authorized user accounts.  The lender you go with may have overlay guidelines, but if you have plenty of credit and the AU account isn't one of just a few accounts in good standing I doubt it'd even come up as an issue.  Even on conventional loans it usually isn't an issue.


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