topic Re: DSNB MACYS AU Backdating Question in Credit Cards

DSNB MACYS AU Question

spudbro — Sat, 08 Jun 2013 20:11:50 GMT

Does anyone know if my girlfried adds me to her DSNB MACYS account if it will backdate on my report with all of her history? I currently have a 709 Equifax score and 680 transunion and I'm trying to get that over 700. My current AAoA is 1 year and her Macy's account is 8 years old and has perfect history. It only has a 100 dollar limit but I figure the age of the account and clean history will help. It will take my AAoA to almost 3 years. Appreciate any help!

Re: DSNB MACYS AU Backdating Question

mnavas — Sat, 08 Jun 2013 20:15:19 GMT

Yes the account will show up on your reporta the same same she has in her reports the only diference will be the reponsablility you only will be listed as an AU. Some lenders disregard AUs which is the case of Chase and Bank of America. But yeah it'll help your score if you do that.. Also some score models disregard AUs

Re: DSNB MACYS AU Question

09Lexie — Sat, 08 Jun 2013 20:17:29 GMT

It should backdate. I doubt that you ll get a 20 point bump- maybe - and there's now way of knowing for sure it will report to all 3 bureaus. It should but since the last names are different - it might not pick up.

May I ask why you want 700 on TU?
More importantly, any reason why DGs cl is still $100 after 8 years?

Re: DSNB MACYS AU Backdating Question

spudbro — Sat, 08 Jun 2013 20:17:48 GMT

@mnavas wrote:
Yes the account will show up on your reporta the same same she has in her reports the only diference will be the reponsablility you only will be listed as an AU. Some lenders disregard AUs which is the case of Chase and Bank of America. But yeah it'll help your score if you do that.. Also some score models disregard AUs

Thanks for the help! When you say that BofA and Chase disregard AU's do you mean they have internal scoring models that disregard the account from there scoring model?

Re: DSNB MACYS AU Question

09Lexie — Sat, 08 Jun 2013 20:18:39 GMT

Yes, Chase does not look at AUs and some say they do not look at store cc's.

Re: DSNB MACYS AU Question

spudbro — Sat, 08 Jun 2013 20:23:57 GMT

@09Lexie wrote:
It should backdate. I doubt that you ll get a 20 point bump- maybe - and there's now way of knowing for sure it will report to all 3 bureaus. It should but since the last names are different - it might not pick up.

May I ask why you want 700 on TU?
More importantly, any reason why DGs cl is still $100 after 8 years?

Ya I'm hoping for a 20 point bump between the AU add and a 30 and 60 day late that is almost 2 years old that the lender just deleted.

The reason I am trying to get over 700 is prepping for a mortgage and want me middle score over 700.

She opened the card when she was 20 and literally never uses it anymore nor does she track her credit , request CLI etc. I'm trying to get her to change that!

Re: DSNB MACYS AU Question

09Lexie — Sat, 08 Jun 2013 20:22:43 GMT

IMO, you might get a bigger bump with the baddies being deleted. See if she can get a Cli too. Is your util under 10%?

Re: DSNB MACYS AU Question

navigatethis12 — Sat, 08 Jun 2013 20:23:12 GMT

I added my little brother to both the Macy's store and Macy's American Express cards and on TransUnion it only shows when I added him, which is December. I didn't look at other bureaus.

Re: DSNB MACYS AU Question

spudbro — Sat, 08 Jun 2013 20:25:10 GMT

@09Lexie wrote:
IMO, you might get a bigger bump with the baddies being deleted. See if she can get a Cli too. Is your util under 10%?

Currently have it at 3%

Re: DSNB MACYS AU Backdating Question

mnavas — Sat, 08 Jun 2013 20:26:53 GMT

Yeah that's right! They have a way to distinguish between AUs and Individual / joint accounts... Your GF can ask Macys to make you a Joint holder they send you a letter in the mail asking you for your personal info...Joint accs have more weight than AUs... But yeah most people are against to do that because of the fact you become responsible of the payments and you can't remove yourself of the account unless you decide to close it

Re: DSNB MACYS AU Question

09Lexie — Sat, 08 Jun 2013 20:28:45 GMT

TU has always danced to their own drum. My DH is an AU on my PayPal MC and it shows up on the other 2 CBs.

It's a crapshoot IMO. That's why I suggest you work on things on your cr ie util/baddies - I wouldn't count on the AU for the bump. Is call that icing on the cake - lol

Re: DSNB MACYS AU Question

spudbro — Sat, 08 Jun 2013 20:35:53 GMT

@09Lexie wrote:
TU has always danced to their own drum. My DH is an AU on my PayPal MC and it shows up on the other 2 CBs.

It's a crapshoot IMO. That's why I suggest you work on things on your cr ie util/baddies - I wouldn't count on the AU for the bump. Is call that icing on the cake - lol

Those lates that are getting removed are the last bad things on my credit reports. No collections, judgements, etc and my util is 3%. The really only thing that is holding me back is my AAoA so I'm trying to get creative

I'll had her add me and see what happens!

Re: DSNB MACYS AU Question

09Lexie — Sat, 08 Jun 2013 20:38:56 GMT

Good luck. Just like navigatethis mentioned - it could report as 2013 and your AAOA will be even lower!

Re: DSNB MACYS AU Question

mnavas — Sat, 08 Jun 2013 20:52:49 GMT

My mom added me as an AU on her Macys Store which was opened in 2001 and the whole account history showed up on my reports... But yeah since the account is not technically yours... Macys will decide the way this tradeline is reported. In fact they could even choose not to report the AU at all