topic Re: Authorized User in Credit Cards

Authorized User

Anonymous — Thu, 28 Aug 2014 16:21:55 GMT

What if my address is different from my mom's address when using her Amex for AU?

Re: Authorized User

pizzadude — Thu, 28 Aug 2014 18:53:16 GMT

@Anonymous wrote:
What if my address is different from my mom's address when using herAmex forAU?

Couple of points here:

1) Amex does not have AUs. They have additonal cardmembers ( ACs ). ACs have their own account, are jointly liable with the original cardmember, and do not inherit any of the credit history of the account. Meaning that it will appear as a new account on your credit reports.

2) The address won't be an issue ~ many creditors match cards via the addresses on your CRs.

3) FICO08 scoring seems to disregard many AU accounts whereas earlier score models include them. However since this is an AC not an AU I'd speculate that FICO08 would include it, although we really don't know for certain if this would be the case.

Re: Authorized User

pizzadude — Thu, 28 Aug 2014 18:53:45 GMT

Also I will move this to the credit cards forum for better visibility

Re: Authorized User

Anonymous — Thu, 28 Aug 2014 19:00:23 GMT

Thanks. I also got added as a AU on in laws chase card. But same problem with address. My mom said she would add me to her B of A also. Need to get mortgage soon just need help.

Re: Authorized User

09Lexie — Thu, 28 Aug 2014 19:07:02 GMT

@Anonymous wrote:
Thanks. I also got added as a AU on in laws chase card. But same problem with address. My mom said she would add me to her B of A also. Need to get mortgage soon just need help.

Welcome to the forum. Do you have cc's of your own to qualify for the mtg?

Re: Authorized User

Anonymous — Thu, 28 Aug 2014 22:16:26 GMT

I do have a secured card from cap one

Re: Authorized User

09Lexie — Thu, 28 Aug 2014 23:21:36 GMT

@Anonymous wrote:
I do have a secured card from cap one

Ok. You might want to visit the mortgage forum but I believe that the accts need to either be joint or be your own responsibility ie non AU, to count as the 3 TLs. However, SLs, car loans will count too

Re: Authorized User

Anonymous — Fri, 29 Aug 2014 00:18:18 GMT

BoA does have AU was added today. I was just concerned about the address thing. Have a middle score of 593 need 640. History age not long enough.