topic Re: auth user vs. joint acct in General Credit Topics

auth user vs. joint acct

Anonymous — Mon, 02 Jul 2007 00:29:22 GMT

i am aware of the au crackdown coming up but i was told that as long as u r added as a Joint user and not a auth user then u will still get the credit in your scores---equal liability but equal value in boosting your score ---is this correct or am i way off??? ---ty in advance sup contributors

Re: auth user vs. joint acct

Anonymous — Mon, 02 Jul 2007 00:32:46 GMT

Your correct!

Re: auth user vs. joint acct

Anonymous — Mon, 02 Jul 2007 00:37:33 GMT

so if a friend puts me on his card as a joint user then they pull my credit score --then decide if my score is high enough to warrant a card for me ----then that is when i get it or is it automatically given because the primary cardholder has requested that-----if so then y dont the au people switch to this----still confused? ty again

Re: auth user vs. joint acct

fused — Mon, 02 Jul 2007 01:03:21 GMT

zaqxsw wrote:
i am aware of the au crackdown coming up but i was told that as long as u r added as a Joint user and not a auth user then u will still get the credit in your scores---equal liability but equal value in boosting your score ---is this correct or am i way off??? ---ty in advance sup contributors

Becoming a joint on an account entails the same process as applying for new credit; filling out an app and then comes the hard inqs. Its not as simple as the primary adding an AU where there is no credit application process. My wife and I am currently doing this with Chase. I will first be added as an AU, then my wife and I need to fill out paperwork (the app) and return it to Chase. Once they receive it, they will pull my credit and if approved change my AU status to joint.

I believe I will get the entire TL history to report on my CRs but I'm not 100% certain on this. I will update this forum when I know. In your case if its the same CC and you are changing from AU to joint, I have to think you will benefit and not see a drop in your scores. But you never know with

FICO.