topic Re: Authorized User in Credit Cards

Authorized User

Anonymous — Wed, 17 Oct 2007 20:42:16 GMT

Does anyone know if it is true or false: if you add someone as an AU to your cc acct that is in good standing it will boost the AU credit?

Re: Authorized User

MidnightVoice — Wed, 17 Oct 2007 20:47:00 GMT

Yes but not for long

http://ficoforums.myfico.com/fico/board/message?board.id=creditnews&thread.id=1

Re: Authorized User

Anonymous — Thu, 18 Oct 2007 02:00:04 GMT

Yes this true, but the big three credit bureau are working on changing that affect. So far one of the three has been able to prevent that affect from happening and by the mid 2008 the other two will follow.

Re: Authorized User

majesty — Thu, 25 Oct 2007 18:26:29 GMT

Which of the big 3 has made the change?? I am still showing up as an AU on all 3

Re: Authorized User

fused — Thu, 25 Oct 2007 22:14:55 GMT

majesty wrote:

Which of the big 3 has made the change?? I am still showing up as an AU on all 3

FICO 2008 has not launched and I suspect it won't for some time. AU accounts are alive and well in FICO scoring.

Re: Authorized User

Anonymous — Sun, 11 May 2008 19:01:40 GMT

it seems that the effect has taken place because my cc info has been removed from my AU credit reports... tu and ex

Re: Authorized User

jay33 — Mon, 12 May 2008 00:27:55 GMT

From what I've read, the CRAs will still report AUs even after FICO 08 goes into effect. In other words, they will still be on your CR but it will just not factor into your score. If the AU accounts are no longer on your reports you may want to contact the CC companies and ask why they are not reporting.