topic Re: Authorized User in Understanding FICO® Scoring

Authorized User

pdog661 — Tue, 21 Aug 2012 00:29:37 GMT

Hi,

Does adding an authorized user to your credit account affect their fico score?

I would like to use my "excellent" credit to bring up my wifes "good" credit. Would adding her to my lines of credit boost her score?

Thanks

Re: Authorized User

AndySoCal — Tue, 21 Aug 2012 01:45:10 GMT

Yes it will help her score. If I were choosing the card I would pick a card that a had long payment history history.

Re: Authorized User

Anonymous — Wed, 22 Aug 2012 03:15:56 GMT

I have had my cc for 6 months and I added my son today for AU is 6 month ok????

Re: Authorized User

AndySoCal — Wed, 22 Aug 2012 05:00:42 GMT

My answer to adding your son as an AU is it depends. If you son is minor I would strong suggest you do not add him. Why? Google children and idenitity theft. Secondly there is no need most the time. If your son already has credit adding him may or may not help him.

Re: Authorized User

Anonymous — Wed, 22 Aug 2012 15:46:11 GMT

Thanks for replying bk, but its to late I added him yesterday before i saw this thread....I did add myself to my husband as well 5 months ago and I checked MyFICO report yesterday and I do have CapOne listed as 1 open account and my score for EQ is 666 I'm not likeing that number at all but i will check in another 6months to see if it change god I hope so...as far as my 12yr son goes its to late one thing i do kn is he's not getting the card just so they can see hes useing it im only buying 1soda & 1candy bar thats it lol...

Re: Authorized User

pdog661 — Thu, 23 Aug 2012 00:55:03 GMT

Thanks..... I added her to my card that I have had for 12 years. She has made it through life without any cards or loans..... Sounds great, but terrible for ones credit.