topic Re: Authorized user accounts in General Credit Topics

Authorized user accounts

Anonymous — Thu, 05 Jul 2007 19:50:51 GMT

Well, I thought this was going to be my saving grace! My mom added me as an authorized user on her Chase credit card...however after finding out they do NOT report AU information to the CRA's I am in the same boat! Is there certain companies that do this, and some that don't? I am so confused. I know it will be over as of Sept. but we want to refi really quick and I don't care if its there in sept.

Thanks for any advice.

Donna

Re: Authorized user accounts

fused — Thu, 05 Jul 2007 20:15:56 GMT

swingsetfun wrote:
Well, I thought this was going to be my saving grace! My mom added me as an authorized user on her Chase credit card...however after finding out they do NOT report AU information to the CRA's I am in the same boat! Is there certain companies that do this, and some that don't? I am so confused. I know it will be over as of Sept. but we want to refi really quick and I don't care if its there in sept.

Thanks for any advice.

Donna

Amex reports AU TLs to the CRAs.

Re: Authorized user accounts

SmartCookie — Thu, 05 Jul 2007 20:22:04 GMT

I believe Chase will report but you need to request paperwork for it to submit the SSN etc. I'm not sure if they then consider it a joint account at that point or not... last time I spoke with them about it in any serious detail they were still BankOne or something.

I don't believe they wanted anything other than SSN, so it couldn't have been a joint acct. Have your mother call.

Re: Authorized user accounts

Anonymous — Thu, 05 Jul 2007 20:24:07 GMT

I am an authorized user on four Chase accounts, and they all report.

Re: Authorized user accounts

MidnightVoice — Thu, 05 Jul 2007 20:25:00 GMT

Juniper(Barclay's) and Chase both have my DW as an AU listed on her CRs

Re: Authorized user accounts

Anonymous — Thu, 05 Jul 2007 20:50:26 GMT

Don't give up... simply call Chase customer service and ask to speak with a manager, and put on a little bit of a "friendly buy frustrated" tone of voice. I was facing the same problem until I spoke with the right person. Tell them you accepted being added as an AU on this account specifically BECAUSE Chase reports AU info to the bureaus, and that you expect it to be done in your case. Be prepared to give them your social security number and date of birth, along with any other info they need, and then ask them to expidite the data to all three bureaus using their electronic system.

You CAN get it done, you just gotta "get a little pushy" but remember to stay friendly about it all. Good luck and let us know how it goes!

Re: Authorized user accounts

SmartCookie — Thu, 05 Jul 2007 20:56:52 GMT

CreditHawk wrote:
Don't give up... simply call Chase customer service and ask to speak with a manager, and put on a little bit of a "friendly buy frustrated" tone of voice. I was facing the same problem until I spoke with the right person. Tell them you accepted being added as an AU on this account specifically BECAUSE Chase reports AU info to the bureaus, and that you expect it to be done in your case. Be prepared to give them your social security number and date of birth, along with any other info they need, and then ask them to expidite the data to all three bureaus using their electronic system.

You CAN get it done, you just gotta "get a little pushy" but remember to stay friendly about it all. Good luck and let us know how it goes!

I've got good news ...well at least in my opinion.... Chase customer service is top notch and they know their stuff. They won't talk to her though, just the account holder. They're happy to add the info but thankfully don't do it automatically so that people like myself can have an AU without sharing credit. I luv Chase. So far...

Re: Authorized user accounts

Anonymous — Thu, 05 Jul 2007 21:53:12 GMT

Well, since I didn't get very far with Chase we decided to open an account with AMEX and did in online and I was able to add myself and my husband to her account and it asked for SS#'s on us so I assume they will report it. (I Hope anyway) We got approved in seconds for $26,000! (OMG, if only my credit was that good!!!) So at least this will show some available credit for me. That is my biggest problem right now is that I have NO credit available. I don't owe anything, but all of my accounts are closed. (stupid, I know) we went thought CCCS. I hope this works!

thanks for the info!!!

Donna

Re: Authorized user accounts

fused — Thu, 05 Jul 2007 22:27:19 GMT

swingsetfun wrote:
Well, since I didn't get very far with Chase we decided to open an account with AMEX and did in online and I was able to add myself and my husband to her account and it asked for SS#'s on us so I assume they will report it. (I Hope anyway) We got approved in seconds for $26,000! (OMG, if only my credit was that good!!!) So at least this will show some available credit for me. That is my biggest problem right now is that I have NO credit available. I don't owe anything, but all of my accounts are closed. (stupid, I know) we went thought CCCS. I hope this works!

thanks for the info!!!

Donna

Very Nice CL! Which Amex card?

Re: Authorized user accounts

Anonymous — Thu, 05 Jul 2007 22:47:06 GMT

It was the Amex Blue

Re: Authorized user accounts

fused — Thu, 05 Jul 2007 22:52:24 GMT

swingsetfun wrote:
It was the Amex Blue

Congrats! It's a great CC.

Re: Authorized user accounts

Anonymous — Thu, 05 Jul 2007 23:10:47 GMT

OK, so how long do you think it will take to show up on my credit reports? Does anyone know when AMex reports?

Re: Authorized user accounts

tex2step — Thu, 05 Jul 2007 23:19:46 GMT

You need to give it at least 30 days. You'll probably show that they checked your credit quicker than they report to the credit bureau.

My roommate put me as an authorized user on his account incase something happened to the house while he was away. I didn't realize that it would help my credit.. it did raise it by about 20 points or so. He's had that card for over 10 years. I just heard though, that within a year, 'piggy-backing' like this will no longer have any effect on your credit score. Credit repair companies used to pay people with good credit to sign someone with bad credit on as an AU to help raise their credit scores. Credit Bureau's found out and are going to phase that out in the coming year(s). So do your best to try and get your own and fix your credit. Otherwise, you'll end up in the situation in a year or so!

Good luck!!

Re: Authorized user accounts

fused — Thu, 05 Jul 2007 23:26:14 GMT

swingsetfun wrote:
OK, so how long do you think it will take to show up on my credit reports? Does anyone know when AMex reports?

I was hoping you wouldn't ask this question. My blue card reported on EQ and TU about six weeks after activation. It has never reported on EX. I have been fighting with Amex and EX, mostly the latter with no resolution. EX keeps passing the buck to Amex.

My Gold reports to all three, EX and TU within 3 weeks of activation and EQ a month later. I am curious, do you know all three of your FICO scores?

Re: Authorized user accounts

Anonymous — Thu, 05 Jul 2007 23:48:14 GMT

587, 595, 632 These are my 3 scores.

Tu, Eq Ex.

Re: Authorized user accounts

fused — Fri, 06 Jul 2007 01:48:28 GMT

swingsetfun wrote:
587, 595, 632 These are my 3 scores.
Tu, Eq Ex.

If you want to have your own CCs, lets try and raise your scores. First read Tuscani's credit scoring 101 thread if you haven't already.

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=2654

Message Edited by fused111 on 07-05-2007 03:48 PM

Re: Authorized user accounts

Anonymous — Fri, 06 Jul 2007 01:46:34 GMT

I am an AU on my husbands Chase card. Initially they said they did not report AU's to the CRA's. However, 3 months after having the card, the TL is showing on my credit files. You may have the same thing happen to you.