Regular Contributor
Posts: 205
Registered: ‎06-04-2012
Re: Helping BF rebuild credit


I see noone has answered your question yet, so I'll give it a wag.

From what I've read, being an AU helps with AAoA and utilization, but I'm not sure it's enough to help him eventually secure his own cc.  My reasoning behind this is because the ccc doesn't know if he's using or paying on the card, so it doesn't necesarily help show responsible use of credit.  However, that's just my guess and I could well be wrong.


Having him get his own secured card (or two) would DEFINITELY help his score, though he might take a slight dip initially for the HP, new acct and AAoA.  But if he currently has no credit cards, it probably won't even take that initial dip.


Also, you may want to try posting your question again in the 'rebuilding' section.  Lots of people on there are much more knowledgeable on AU accts than I am.


Hope that helps some. 

Starting FICO 667 (5/2012) EQ
672 (7/2012) EQ. 681 (8/1/12) EQ
Current FICO 682 (10/13/12) EQ; 718 (10/13/12) TU
Goal: 760+ but 700-720 by jan 2013
No new apps tll jul 2013