topic Re: Added as an authorized user with a different address? Will it report? in Rebuilding Your Credit

Added as an authorized user with a different address? Will it report?

Anonymous — Wed, 27 Aug 2014 02:29:10 GMT

Ill sum this up the best i can, i literally stopped paying all my bills in 2007 when i got laid off and the economy went inthe tank.. I have 13 baddies on my report, 9 of which fall of within the next 7months. I got a creditone bank card 16months ago 300 limit , now 750, i recently got a capone quicksilver one ,300 limit. My fico in feb was 554, i got a car loan then , had to put down 14K. My report basically says my credit history is well as old as my creditone card 15months because all my previous history went to collections and was charged off. My score now 6months later is 594 TU, 615EX. My mom and i spoke today and well we had the same address for what 25yrs but i live in FL now for the last 7. SHe put me on her BOA today as an authorized user, they took my DOB and Social from her. I dont even want the card i want the 15yr history of 100% on time payments and a 24K credit limit. The lady on the phone was insistent that this would not help or affect my score , ive spent the last 3days on different forums and it seems to me as long as its a spouse or son, daughter etc that have lived at the same address at somepoint it will help my credit out? Looking to buy a house in 1.5-2yrs and get alot better car insurance rate in the meantime which for whatever reason they think your a better driver if your credit score is good, hogwash. My mom also has a Citi card similar to the BOA 100 dollar balance, 17K credit limit, should i try to get on that one at all? Just lookin for the best advice possible as my mom is trying to do me a big favor here and get me back to respectable score status, thoughts?

Re: Added as an authorized user with a different address? Will it report?

Burned2manybridgesB4 — Wed, 27 Aug 2014 15:01:49 GMT

I don't know how they report now, but in the past they have always reported authorized users, hence the reason they ask for your social security number. If they're following prior reporting, the address difference will not matter in the cardholder's address will show up on your credit report most likely on Trans Union or Experian, and the TL showing on all three.

Re: Added as an authorized user with a different address? Will it report?

Anonymous — Wed, 27 Aug 2014 15:09:47 GMT

Thx for the info ive also heard of them somehow finding you without your SSN but i guess its good that they took mine.. Should i have her add me to a citi card as well that also has long history, high limit and minimal balance , the more the merrier or would it not have as much of an effect on the score as the first one?

Re: Added as an authorized user with a different address? Will it report?

Burned2manybridgesB4 — Wed, 27 Aug 2014 15:13:43 GMT

@Anonymous wrote:
Thx for the info ive also heard of them somehow finding you without your SSN but i guess its good that they took mine.. Should i have her add me to a citi card as well that also has long history, high limit and minimal balance , the more the merrier or would it not have as much of an effect on the score as the first one?

IMO, being an AU is good to create a credit file, so lenders see something, instead of "no file." It might help, it might not. Most underwriters disregard AU accounts anyways, so the benefits aren't as good as compared to years ago.

Re: Added as an authorized user with a different address? Will it report?

Anonymous — Wed, 27 Aug 2014 17:11:12 GMT

Understood i figure at least in the meantime if my score goes up, i can acquire prime cards i otherwise wouldnt have qualified for on my own and establish a good history/relationship with them for the next 2yrs.

Re: Added as an authorized user with a different address? Will it report?

Burned2manybridgesB4 — Wed, 27 Aug 2014 18:11:17 GMT

Don't expect it to happen overnight, and don't load up on junk low limit cards.

Don't expect your starting limits to match the AU limit, if it's high. They'll recognize the account as an AU, and most likely you'll get manually UW'ed as your file is thin.

Re: Added as an authorized user with a different address? Will it report?

Anonymous — Wed, 27 Aug 2014 19:28:26 GMT

Oh i dont plan on applying for any cards for 6 months or so , and yes no junk cards im hoping for a good card i can use for travel etc. manually UW'ed ? Whats that stand for sorry not familiar with the lingo yet:?

Re: Added as an authorized user with a different address? Will it report?

Burned2manybridgesB4 — Thu, 28 Aug 2014 14:02:14 GMT

@Anonymous wrote:
Oh i dont plan on applying for any cards for 6 months or so , and yes no junk cards im hoping for a good card i can use for travel etc. manually UW'ed ? Whats that stand for sorry not familiar with the lingo yet:?

Instead of a computer spitting out a decision, you'll get a "we'll let you know in xx days by mail," where an underwriter will manually review your CR/s, and base a decision from their review-analysis. It's like risk management for a CC company.

Re: Added as an authorized user with a different address? Will it report?

Anonymous — Wed, 03 Sep 2014 17:54:01 GMT

So an update on this i was added to 2 cards a citi 24K limit and a boa 17K limit. I have boa a savings and checking so i happen to be in my branch yesterday and talked to thew guy who gave me a secured card about 2yrs ago that never graduated so i just cancelled it and put the money back into my savings. He says hes been there 30yrs and boa will not report an AU only a co borrower on credit cards. I just hope one of the two reports, boa took my social , citi didnt.

Re: Added as an authorized user with a different address? Will it report?

teo77777 — Thu, 04 Sep 2014 15:37:48 GMT

BOA DOES report AU. Takes up to 2 months to show up, but it will.

Re: Added as an authorized user with a different address? Will it report?

Anonymous — Thu, 04 Sep 2014 15:58:33 GMT

GOod to hear, any idea if Citi will, they did not take my SSN but my mother and i had a common address for 23yrs so shouldnt be hard to find me and link us up.

Re: Added as an authorized user with a different address? Will it report?

teo77777 — Thu, 04 Sep 2014 17:20:11 GMT

Wish I could help, but I have no experience with Citi. BOA and CAP1 will report to all 3 CRA's. The address matters not, as it will add to your credit report and lengthen your AAoA,, but address can come into play when Fico calculates your score. yymv. But the additional age will let you open new accounts in your name without killing your AAoA.

Re: Added as an authorized user with a different address? Will it report?

Anonymous — Mon, 29 Sep 2014 15:14:18 GMT

Update, so the chase card hit my creditkarma today which is TU, the aaoa went up 8yrs, utilization is now 1 percent etc but the score didnt change, my fako still says 594, sooo is this to say with the new scoring model that AU dont matter anymore or are my baddies neutralizing the good i just added and no change?

Re: Added as an authorized user with a different address? Will it report?

Anonymous — Mon, 29 Sep 2014 21:34:21 GMT

Update number 2. Credit.com im not sure who they pull from? Had me at 612 and i got a 25 point boost on there to 637

Re: Added as an authorized user with a different address? Will it report?

Anonymous — Mon, 12 Jan 2015 23:05:16 GMT

Believe it or not BOA is still not reporting me as an AU 5months later is there a number or way to get them to?

Re: Added as an authorized user with a different address? Will it report?

Burned2manybridgesB4 — Tue, 13 Jan 2015 00:17:49 GMT

@Anonymous wrote:
Believe it or not BOA is still not reporting me as an AU 5months later is there a number or way to get them to?

How are you verifying it's not reporting?

Re: Added as an authorized user with a different address? Will it report?

Burned2manybridgesB4 — Tue, 13 Jan 2015 00:18:42 GMT

CK doesn't show AU.

Re: Added as an authorized user with a different address? Will it report?

Anonymous — Tue, 13 Jan 2015 00:42:00 GMT

CK showed mine my chase card appeared as an alert 2 weeks later and was added to my report it has a 28K limit. Regardless the reason i know is 12/15 i pulled my real TU and paid for the score to see how different it was from CK , luckily my true fico was 25pts higher.

Re: Added as an authorized user with a different address? Will it report?

Burned2manybridgesB4 — Tue, 13 Jan 2015 00:43:07 GMT

@Anonymous wrote:
CK showed mine my chase card appeared as an alert 2 weeks later and was added to my report it has a 28K limit. Regardless the reason i know is 12/15 i pulled my real TU and paid for the score to see how different it was from CK , luckily my true fico was 25pts higher.

Don't know what to tell ya then.