Authorized Users

[Anonymous]

I would like to help my husband with his credit and have it unbeknowing to him because I don't want him to start using my available credit and go hogwild!  He doesn't care about increasing his credit lines or applying for additional credit.  He says he is perfectly fine where he is, but I can see that he is stretched with what credit he does have. 

Is this advisable and will he be responsible for any of my debt if I should die? 

SandyK

[fused]

---

sankofa wrote:

I would like to help my husband with his credit and have it unbeknowing to him because I don't want him to start using my available credit and go hogwild!  He doesn't care about increasing his credit lines or applying for additional credit.  He says he is perfectly fine where he is, but I can see that he is stretched with what credit he does have. 

Is this advisable and will he be responsible for any of my debt if I should die? 

SandyK

---

Making him an AU is a great idea.  No, he is not responsible for any of the debt.  To be sure it gets reported to all three CRA's, you might have to submit his ss# to them.  SS#'s are the only way to truly identify someone, just his name and DOB are not suffice.

[Anonymous]

In most cases weather he is an AU or not he would be responsible for your debts if something where to happen to you.

Well more specifically your estate would be.

[fused]

---

Timothy wrote:
In most cases weather he is an AU or not he would be responsible for your debts if something where to happen to you.

Well more specifically your estate would be.

---

Maybe her estate but he is not responsible!

[Anonymous]

Okay another question.  If I make him an AU on my account, will the credit card companies automatically send him a credit card to my account?

SandyK

Message Edited by sankofa on 05-27-2007 04:25 PM

[Tuscani]

---

sankofa wrote:

Okay another question.  If I make him an AU on my account, will the credit card companies automatically send him a credit card to my account?

SandyK

Message Edited by sankofa on 05-27-2007 04:25 PM

---

Not unless you want them to.

[Anonymous]

Hee hee!  I love him but.......   I do have my limits!!! 

SandyK

[smallfry]

---

@Tuscani wrote:

---

@Anonymous wrote:

Okay another question. If I make him an AU on my account, will the credit card companies automatically send him a credit card to my account?

SandyK

Message Edited by sankofa on 05-27-2007 04:25 PM

---

Not unless you want them to.

---

Tuscani the young gent in pursuit of 800 for the broker dealer job who has posted here wanted to know if the lenders know that he is an AU just by looking at the credit report or if the history associated with the account appears as if it is his and his alone. Thanks.

[Tuscani]

---

@smallfry wrote:

---

@Tuscani wrote:

---

@Anonymous wrote:

Okay another question. If I make him an AU on my account, will the credit card companies automatically send him a credit card to my account?

SandyK

Message Edited by sankofa on 05-27-2007 04:25 PM

---

Not unless you want them to.

---

Tuscani the young gent in pursuit of 800 for the broker dealer job who has posted here wanted to know if the lenders know that he is an AU just by looking at the credit report or if the history associated with the account appears as if it is his and his alone. Thanks.

---

Depends on how the CCC reports.. some will add the notation "Authorized User". However, most just show up as any other account. So in terms of scoring.. does matter how it reports.. FICO will calculate the account the same.. But an AU account could be easily spotted on a manual review.

[smallfry]

---

@Tuscani wrote:

---

@smallfry wrote:

---

@Tuscani wrote:

---

@Anonymous wrote:

Okay another question. If I make him an AU on my account, will the credit card companies automatically send him a credit card to my account?

SandyK

Message Edited by sankofa on 05-27-2007 04:25 PM

---

Not unless you want them to.

---

Tuscani the young gent in pursuit of 800 for the broker dealer job who has posted here wanted to know if the lenders know that he is an AU just by looking at the credit report or if the history associated with the account appears as if it is his and his alone. Thanks.

---

Depends on how the CCC reports.. some will add the notation "Authorized User". However, most just show up as any other account. So in terms of scoring.. does matter how it reports.. FICO will calculate the account the same.. But an AU account could be easily spotted on a manual review.

---

I'm just reading between the lines here and maybe speaking out of school. If a company demands a FICO score of 800 and most probably across the board it would appear to me that they will do a manual review. I sensed his concern about this the other day. Postponing for a year longer seems like the way to go for him. Thanks I had no idea. I always appreciate you taking time to answer these questions.