Authorized User Question (Adding & Removing)

[Anonymous]

I'm trying to help a friend with a very thin credit file by adding her as an AU. I'm probably not going to issue her a card to limit my risk. My question is that if I remove her as an AU a couple months down the line how long will my positive history stay on her credit report? And would that history still be beneficial to her months/years down the line even though shes been removed as my AU? 

[CreditInspired]

IMO, if you're only adding the AU for a couple of months, it's barely going to register a blip on their credit report, especially since their credit file is already very thin. I'll wait for others to chime in but I believe once the person is removed as an AU, it will affect their utilization.

[MrsCHX]

+1 once you remove her, the account disappears. I would say 6 months minimum. She gets her own card(s) and then you remove her. Her AAoA will be affected in this case and utilization; but then she'll have to finish he rebuild like everyone else and let any accounts she adds age.

Just tell her to take it slow. Add 1-3 accounts and build them.

[Kforce]

Adding an AU should be conditional on;

1 You have good credit.

2 The CC that you want to put her on reports to the Credit Bureaus.

   Some banks do NOT report AUs to the credit bureaus

3 You keep the utility low on the card,

4 It has a few years of history. Tend to choose one of your older cards,

5 You keep/control of the  AU-Card. (Protect your scores),

6 Amex is rumored to reset the age of account to new for an AU (no first hand experience)

7. Banks and CU's have different minimum age requirements for adding an AU.

As others have said it will take time on record to help her. If you add her I would just SD it and

let it report for a while. Keep track of her progress with credit and after it has improved enough,

you have to let her stand on her own and remove her as AU.

It will only help Util while she is a AU, however it will help her AAoA much longer, and also add

records of good payment if you always pay.

[Anonymous]

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@MrsCHX wrote:
+1 once you remove her, the account disappears. I would say 6 months minimum. She gets her own card(s) and then you remove her. Her AAoA will be affected in this case and utilization; but then she'll have to finish he rebuild like everyone else and let any accounts she adds age.

Just tell her to take it slow. Add 1-3 accounts and build them.

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This. 

An ex-gf added me as an AU on her accounts. When she closed the accounts, or removed me (I don't know which), the tradelines disappeared from my reports. The AU game isn't what it's portrayed to be. 

[Kforce]

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   jjking54 wrote:

    An ex-gf added me as an AU on her accounts. When she closed the accounts,
    or removed me (I don't know which), the tradelines disappeared from my reports.
    The AU game isn't what it's portrayed to be.

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    My daughter has two accounts that she was a AU on that are reporting.
    Not sure if it is because of the same last name and address or because

    she was an AU at time the cards were closed but one has been closed

    more than 4 years.

[Anonymous]

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@Kforce wrote:

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@   jjking54 wrote:

    An ex-gf added me as an AU on her accounts. When she closed the accounts,
    or removed me (I don't know which), the tradelines disappeared from my reports.
    The AU game isn't what it's portrayed to be.

---

 
    My daughter has two accounts that she was a AU on that are reporting.
    Not sure if it is because of the same last name and address or because

    she was an AU at time the cards were closed but one has been closed

    more than 4 years.

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This is exactly what I was wondering about. Does it report as a closed account? Do you remember which bank does this?

[Anonymous]

Thanks everyone for your input! Greatly appreciated!

[Kforce]

KidFICO wrote:

This is exactly what I was wondering about.

Does it report as a closed account?

Do you remember which bank does this?

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The older card was a 76-Union gas card.
The newest card was the Barclay-Sallie Mae.

I had closed each card, however my daughter was
an AU on the cards at the time that I closed the accounts.

[MrsCHX]

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@Kforce wrote:

@Anonymous wrote:

This is exactly what I was wondering about.

Does it report as a closed account?

Do you remember which bank does this?

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The older card was a 76-Union gas card.
The newest card was the Barclay-Sallie Mae.

I had closed each card, however my daughter was
an AU on the cards at the time that I closed the accounts.

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The other poster said they were removed vs the account being closed. If OP removes her as an AU, she will lose the account history.