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Can I become an AU with my bad credit?

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Anonymous
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Can I become an AU with my bad credit?

It was recommended that I be added as an AU on one of my family member's older (spotless) TLs in order to boost my credit score in the interim of rebuilding my own.

 

Is becoming an AU easy to do? Does in involve a hard pull on my CR? If I have negative credit already, will the primary user's request to add me get turned down?

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MarineVietVet
Moderator Emeritus

Re: Can I become an AU with my bad credit?


@tk777777 wrote:

It was recommended that I be added as an AU on one of my family member's older (spotless) TLs in order to boost my credit score in the interim of rebuilding my own.

 

Is becoming an AU easy to do? Does in involve a hard pull on my CR? If I have negative credit already, will the primary user's request to add me get turned down?


Your credit profile won't be looked at at all. The primary account owner simply informs the issuer that you are being added as an AU.

 

Being added as an AU can help you IF the account is older than any of yours, IF the payment history is long and clean, IF the utilization is very low, and IF it will report to the CRA's. Not all cards will do this. You need to ask the company first. You will inherit the entire history of this account. One caveat however; if this account starts to go south your credit will be affected as well. Keep that in mind.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Message 2 of 3
Anonymous
Not applicable

Re: Can I become an AU with my bad credit?

Becoming an AU is very easy - some banks let the person just add an extra card over their websites (they would need your SSN).  My mother did this for me (and I'm still on a few of them) when I wasn't old enough to get a card.  

 

The warning, as already mentioned, is that the good and bad will be equal - that is, if they do anything wrong (like my mother charging up to 90% of the limit, or being late ONE time for a 30-day hit) then it will also reflect on you.  However, that's easy enough to fix as well - just get removed from the card (Assuming you now have your own).

 

Also, quickly, there's no such thing as "negative credit" - you have a score or you dont - and that score will start in the 300s if it's really really bad.  But you can't have a negative.  Usually for an AU, the bank assumes the primary user will be taking charge and thus they won't pull you.

 

As per your signature, a "secure" card also helps - I would do both if you trust the person adding you.  Good luck!

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