11-29-2012 12:09 PM
11-29-2012 01:09 PM
Addition lowered your average age of accounts, as it is a brand new account, so take a look at that opposing effect, which most probably did not offset the gain you received by increasing your overall CL.
Probably a net gain, but not assured....
Additition as an AU might also cause some issues if and when you app for your own new credit, as your score is now based, at least in part, on the credit history of another.
If you app for credit that involves a manual review of your credit report, and the creditor wishes to determine your score without the presence of the AU account, they have no way of doing so. Just be aware of that potential.
11-29-2012 02:34 PM
11-29-2012 11:26 PM
The hit to your AAoA will fade fast, then you it will begin to grow again.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.