topic Re: Authorized Users how long does it take to show in Rebuilding Your Credit

Authorized Users how long does it take to show

Anonymous — Thu, 29 Apr 2010 19:12:34 GMT

My father in law put me and my wife on his discover card as an AU. One does discover card report AU to the CR and two how long does it typically

take for this to occur?

Re: Authorized Users how long does it take to show

MarineVietVet — Thu, 29 Apr 2010 21:41:01 GMT

@Anonymous wrote:
My father in law put me and my wife on his discover card as an AU. One does discover card report AU to the CR and two how long does it typically
take for this to occur?

Welcome to the forums.

In my experience Discover will report AU's to the CRA's and it only took days for that to happen.

From a BK years ago to:

9/09 EX pulled by lender 802
3/10 EQ- 800
4/10 TU -772

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Credit Problems Which Is Worse?
Whats In Your FICO Score

Re: Authorized Users how long does it take to show

Anonymous — Fri, 30 Apr 2010 21:08:26 GMT

@Anonymous wrote:
My father in law put me and my wife on his discover card as an AU. One does discover card report AU to the CR and two how long does it typically
take for this to occur?

topher32,

I am considering adding myself to my wife's Discover account (long and excellent history with a CL of $14k) as an authorized user to improve my credit score. Discover had previously lowered my CL on my Discover personal credit card (w/o wife) from $7k to $1K.

Did Discover pull a hard or soft inquiry on you and your wife's credit report when you were added to you father in law's account as authorized users?

Thanks

Re: Authorized Users how long does it take to show

Lakers — Fri, 30 Apr 2010 22:09:52 GMT

Just a question:

To be added as an AU would you yourself have to qualify for the credit card, or are you just piggybacking on someone with good credit history?

Re: Authorized Users how long does it take to show

Anonymous — Fri, 30 Apr 2010 22:22:52 GMT

You do not have to qualify. You are only added to the account of someone with good credit.

Remember though, if they default, it does affect your credit.

Re: Authorized Users how long does it take to show

soxcited — Sat, 01 May 2010 00:29:06 GMT

@Anonymous wrote:
My father in law put me and my wife on his discover card as an AU. One does discover card report AU to the CR and two how long does it typically
take for this to occur?

Well mine still has not showed up. It has been 3 weeks. AMEX and HSBC. AMEX got the SSN etc. HSBC did not. We have different names, different addresss so I am not sure if they will ever show up.

Re: Authorized Users how long does it take to show

Anonymous — Sat, 01 May 2010 21:56:20 GMT

soexcited, Im in the same boat as you. I was put on as a AU on discover 04-05-10 and still not reporting. It was my dada card and we have the same last name but different address. They did not ask for my SS# at the time either. I hoping that it is reported this month being that the first is the billing cycle. I will let you know if or when it reflect on my report being that we were both added as AU's about the same time.

Re: Authorized Users how long does it take to show

Jazzzy — Sat, 01 May 2010 23:43:57 GMT

topher32,
I am considering adding myself to my wife's Discover account (long and excellent history with a CL of $14k) as an authorized user to improve my credit score. Discover had previously lowered my CL on my Discover personal credit card (w/o wife) from $7k to $1K.
Did Discover pull a hard or soft inquiry on you and your wife's credit report when you were added to you father in law's account as authorized users?
Thanks

There won't be a credit inquiry to be added as an AU.

Re: Authorized Users how long does it take to show

Anonymous — Mon, 03 May 2010 04:14:37 GMT

It sometimes depends on the company. I was added to my father's Chase Mastercard/Visa and it showed up on my Experian report within 3 weeks and increased my score, but yet has showed up on my TU or EQ. I know sometimes they don't report the AU until the bill cycle comes due.

Anyone have any experience with Sears Mastercard as AU??

Re: Authorized Users how long does it take to show

RobertEG — Mon, 03 May 2010 06:06:29 GMT

Good discussion!

AU authorization is a hotly-contested issue in the credot scoring world. Credit reports and scores are intended to be a personal review of one's individual credit history. Spousal credit records dont even enter into one's personal credit score.

There were arcane provisions to allow a consumer to add another party to their credit history by posting as an "authoriized user."

That led to a scam of sites that allowed you to purchase the credit repirting of another in order to improve your own credit score.

Being recognized as a scam. FICO proposed, a few years ago, to exclude all AU authorizations from credit scoring.

Well, protests were many. So FICO arrived at the compromise of continuing to include AU designations in credit scoring, .but only of the AU was an immediate family member.

I would eliminate the whole AU process, period. It is not based on ones own personal credit history.

Re: Authorized Users how long does it take to show

soxcited — Wed, 05 May 2010 14:50:56 GMT

@Anonymous wrote:
soexcited, Im in the same boat as you. I was put on as a AU on discover 04-05-10 and still not reporting. It was my dada card and we have the same last name but different address. They did not ask for my SS# at the time either. I hoping that it is reported this month being that the first is the billing cycle. I will let you know if or when it reflect on my report being that we were both added as AU's about the same time.

not to steal the thread but in my case the CRAs updated my address with the address of the main user (we live at different addresses) but the account still does not show up in my CR.

Re: Authorized Users how long does it take to show

mystro9876 — Wed, 05 May 2010 15:54:59 GMT

I was just added as an Authorized User on a Capital One card, and within two weeks, it was reflected on my credit report. HOWEVER, for some reason, when my credit report summarizes my score, it is not factoring the contents of this card.

For instance: The credit limit on this card is $15k (which is being reported). When my monitoring service gives me my FAKO score, along with the factors making up my score, one of the factors is:

"You have a low credit limit"..............there is no way a $15k credit limit CC would be considered "Low Credit Limit"

Also, when it shows me a graph of my Debt Ratio, It shows that I'm almost 100% utilized. However, the $15K CC has a balance of $300. I have three other cards being report, 2 of which are store cards which don't have any balance, and my one credit card has a $500 limit and is max, but I pay it off every month.

Does it take time after the credit card is being reflected on my credit report that they get factored into your score?

Re: Authorized Users how long does it take to show

Anonymous — Wed, 05 May 2010 17:33:30 GMT

ummm....I don't think people here know what the deal is with FAKO scores because they're generally considered irrelevant. Now if you were having that trouble with a FICO, that would be something that would be really confusing.

Re: Authorized Users how long does it take to show

mystro9876 — Wed, 05 May 2010 17:57:26 GMT

Where can I get a FICO Score?

Re: Authorized Users how long does it take to show

Anonymous — Wed, 05 May 2010 18:01:43 GMT

transunioncs.com, or here - you can order your EQ and your TU score reports here for $15.95 apiece OR you can sign up for ScoreWatch for a minimum of 3 months to get EQ (and some monitoring) or to the quarterly monitoring for TU.

Re: Authorized Users how long does it take to show

MarineVietVet — Wed, 05 May 2010 22:01:53 GMT

@Anonymous wrote:
transunioncs.com, or here - you can order your EQ and your TU score reports here for $15.95 apiece OR you can sign up for ScoreWatch for a minimum of 3 months to get EQ (and some monitoring) or to the quarterly monitoring for TU.

If you buy either Equifax or Transunion scores here at myfico I suggest you do an internet search for "myfico discount codes" to save a little money.

Re: Authorized Users how long does it take to show

Anonymous — Thu, 06 May 2010 03:18:19 GMT

@soxcited wrote:

@Anonymous wrote:
soexcited, Im in the same boat as you. I was put on as a AU on discover 04-05-10 and still not reporting. It was my dada card and we have the same last name but different address. They did not ask for my SS# at the time either. I hoping that it is reported this month being that the first is the billing cycle. I will let you know if or when it reflect on my report being that we were both added as AU's about the same time.
not to steal the thread but in my case the CRAs updated my address with the address of the main user (we live at different addresses) but the account still does not show up in my CR.

I added my name as an authorized user on my wife's Discover card on 5/01 (via web site/ no SSN entered). Her Discover account and history appeared under Experian on my credit report on 5/5. I did not see any change in my FAKO score from USAA monitoring. I will continue to watch for any changes.

Re: Authorized Users how long does it take to show

llecs — Thu, 06 May 2010 04:05:49 GMT

@Anonymous wrote:

@soxcited wrote:

@Anonymous wrote:

soexcited, Im in the same boat as you. I was put on as a AU on discover 04-05-10 and still not reporting. It was my dada card and we have the same last name but different address. They did not ask for my SS# at the time either. I hoping that it is reported this month being that the first is the billing cycle. I will let you know if or when it reflect on my report being that we were both added as AU's about the same time.

not to steal the thread but in my case the CRAs updated my address with the address of the main user (we live at different addresses) but the account still does not show up in my CR.

I added my name as an authorized user on my wife's Discover card on 5/01 (via web site/ no SSN entered). Her Discover account and history appeared under Experian on my credit report on 5/5. I did not see any change in my FAKO score from USAA monitoring. I will continue to watch for any changes.

Keep us updated on the other scores. I don't think PLUS scores factor in AUs, unlike FICO scores.

Re: Authorized Users how long does it take to show

RobertEG — Thu, 06 May 2010 05:28:21 GMT

GL with piggybacking

Re: Authorized Users how long does it take to show

mystro9876 — Thu, 06 May 2010 05:27:56 GMT

@Anonymous wrote:
@soxcited wrote:

@Anonymous wrote:
soexcited, Im in the same boat as you. I was put on as a AU on discover 04-05-10 and still not reporting. It was my dada card and we have the same last name but different address. They did not ask for my SS# at the time either. I hoping that it is reported this month being that the first is the billing cycle. I will let you know if or when it reflect on my report being that we were both added as AU's about the same time.
not to steal the thread but in my case the CRAs updated my address with the address of the main user (we live at different addresses) but the account still does not show up in my CR.
I added my name as an authorized user on my wife's Discover card on 5/01 (via web site/ no SSN entered). Her Discover account and history appeared under Experian on my credit report on 5/5. I did not see any change in my FAKO score from USAA monitoring. I will continue to watch for any changes.

I'm in the same boat. I use Equifax's Gold Watch and my score didn't change either. Hopefully it just takes time for it to be calculated into the score.