topic Re: Autherized user in General Credit Topics

Autherized user

Anonymous — Mon, 10 Dec 2007 20:29:07 GMT

How do you become an autherized user? Whats the process other than paying an stranger over the internet.I have parents with good credit.And I would like to purchase an home next year and the extra pionts would help.I currently have an score of 680

Re: Autherized user

fused — Mon, 10 Dec 2007 20:38:23 GMT

jwhite0282 wrote:

How do you become an autherized user? Whats the process other than paying an stranger over the internet.I have parents with good credit.And I would like to purchase an home next year and the extra pionts would help.I currently have an score of 680

Hi and Welcome to myfico forums. I would never, ever give away my personal info and pay a stranger for an AU trade line. Do you know your FICO scores? Are your parents willing to help you? Do you have an established relationship with a bank or a credit union? If yes, you could try either of them.

Re: Autherized user

jackg — Mon, 10 Dec 2007 21:26:43 GMT

DITTO

Re: Autherized user

MidnightVoice — Mon, 10 Dec 2007 21:32:14 GMT

What they said

Re: Autherized user

haulingthescoreup — Tue, 11 Dec 2007 00:03:28 GMT

If your parents are willing to help, don't accept a card. The point of this is to get some help on your credit history, not to access their credit.

But in fact for young people, it's surprisingly easy to build up credit fast on your own, if you haven't messed up your history already. You generally have to get something like a CC from a credit union, or a secured card, for six months or so, and then the scores start climbing.

It's old geezers like me that have a hard time getting the scores to climb --too much history!

Re: Autherized user

SmartCookie — Tue, 11 Dec 2007 00:50:23 GMT

jwhite0282 wrote:
How do you become an autherized user? Whats the process other than paying an stranger over the internet.I have parents with good credit.And I would like to purchase an home next year and the extra pionts would help.I currently have an score of 680

Get on your folk's cards ASAP... FICO08 is eliminating AU accounts from factoring into scores 'soon'.

Make use of it fast if once that boosts your scores you can do more permanent things to take advantage of it before you lose it. If your parents are also open to it, you can apply so that they can put you on a joint account.

Make sure whatever accounts you are put on are as old as possible with as few derogs as possible. High CL and a good UTI.