|Total CL: $314.7k||UTL: 2%||AAoA: 6.8yrs||Baddies: 0||Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping|
As far as what information shows up it will report as a new account added. The credit line, balance, and original date the card was opened will all appear on your report and under your name.
In addition, if the person who adds you as an authorized user misses a payment or carries a high balance this will also reflect on your report as if it is you.
However, the credit card inquiry will not show on your report.
This can be done for anyone right? Doesn't matter if it's a friend or family member?
One thing that I've read is not all lenders will report the account. It's usually reported if they ask for a SS#. Some CC companies don't ask for that.
Thanks for the detailed reply. I never knew that people goto the extreme of paying someone to add them as an AU. It's extremely rare that I would add someone to one of my cards. If I do (never have yet), it will be someone that I've very close to and that I trust. And even though, I wouldn't give them the card. It would be a little help to get them going but not that much help.