topic Re: Benefit to being Auth User ??? in General Credit Topics

Benefit to being Auth User ???

Jayb5635 — Sat, 04 Aug 2012 23:30:16 GMT

Hey everyone...so my gf added me as an auth user on her Amex gold n blue...her reports are pristine

n scores are approaching 800 across all 3 CRA's...my EQ fico is 664 but util is 79% last month, it'll be

down 2 roughly 6% when both my cards report end of month...do my question is will being an auth user

give my fico score a bump ???

Re: Benefit to being Auth User ???

MarineVietVet — Sun, 05 Aug 2012 04:26:39 GMT

@Jayb5635 wrote:
Hey everyone...so my gf added me as an auth user on her Amex gold n blue...her reports are pristine
n scores are approaching 800 across all 3 CRA's...my EQ fico is 664 but util is 79% last month, it'll be
down 2 roughly 6% when both my cards report end of month...do my question is will being an auth user
give my fico score a bump ???

Hello and welcome to the forums.

Yes it can help you IF the account is older than any of yours (older than your current AAoA is even better), IF the payment history is long and clean, IF the utilization is very low, and IF it will report to the CRA's. Not all cards will do this. You need to ask the company first. You will inherit the entire history of this account. One caveat however; if this account starts to go south your credit will be affected as well. Keep that in mind.

Re: Benefit to being Auth User ???

Jayb5635 — Sat, 04 Aug 2012 23:39:50 GMT

Well on my report it says AAoA is 5 yrs, she's been with Amex since 2006...also

she never misses a payment n pays the balance in full each month, I believe...

the gold card she just recently got, roughly a month ago

Re: Benefit to being Auth User ???

Jayb5635 — Sat, 04 Aug 2012 23:46:15 GMT

4got 2 add my cap one was added last yr in the spring CL of 300, n hhb February of this

yr with same CL as cap one

Re: Benefit to being Auth User ???

Burned2manybridgesB4 — Sun, 05 Aug 2012 23:05:38 GMT

After the wonderful world of separation, and the DEX taking all I had, as well as destroying what was in my name....

Yes, being an AU works wonders (with exception to manual underwriting).

Same sob story as most; had a lot/lost it all/rebuilding.

In my thrities, my wonderful mommy added me as an AU on her BOA visa (13k), and it opened doors a little sooner than my going by conventional means.

Most all the veterans on this site will tell you to tackle baddies first/foremost, and they're right, if you need to go that route as well. Opening cards prior to fixing will only help Mod Cut with AAOA.

Please keep your comments g-rated - MarineVietVet, myFICO moderator

Re: Benefit to being Auth User ???

Jayb5635 — Sun, 05 Aug 2012 21:31:33 GMT

I have 2 public records that have been disputed n deleted off TU n EX just waiting on EQ now...I have on collection that I settled in December of 2010...late payment on my cap one last October...as I stated prior, waiting 4 both cards 2 report so my util shows as around 5-6%, n 4 my gf's Amex accts 2 appear on my report b4 attempting 2 apply 4 a zync

Re: Benefit to being Auth User ???

RobertEG — Mon, 06 Aug 2012 08:38:50 GMT

It might also be a back-door way to camoflauge your actual credit score based on only your own credit history from others if you seek to do so.

With an AU in your file, their is no way for anyone to calculate a score based only on your own accounts.

Of course, that could also work to your detriment......

Re: Benefit to being Auth User ???

marty56 — Mon, 06 Aug 2012 08:54:54 GMT

I have never been a fan of allowing AU to help FICO wise and I think it is improtant f you are a DW to establish your own credit. Eventualy FICO scoring will ignore it anyway.

Re: Benefit to being Auth User ???

Jayb5635 — Mon, 06 Aug 2012 14:03:19 GMT

Well I also figure this is a way 2 get a foot in the door with Amex, n hopefully improving my chances of getting a zync...even with a fico a lil north of 660 I wanna improve my odds as best I can

Re: Benefit to being Auth User ???

OhioCPA — Tue, 07 Aug 2012 00:11:49 GMT

As an additional card member on an Amex you probably won't get a bump in AAoA. Amex will likely date your cards for the current month and year and report them as such. The Gold card won't help or hurt your utilization while the BCE might actually hurt, depending on the utilization. You mentioned her utilization was 79%, which is close to maxed out.

The best benefit for FICO score would come from being an AU on a card other than an Amex that has low utilization and a long clean history.

Re: Benefit to being Auth User ???

Jayb5635 — Tue, 07 Aug 2012 00:25:17 GMT

I'm sorry, u misunderstood...my util was 79% as of last month...once my cards report it'll be around 5%...I have 2 cc's each with a CL of 300...as of right now nothing on one, n like 10 bucks on the other...my gf's BCE CL is 14,000 n there's roughly 500 on it at the moment...she never misses a payment n PIF every month