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Can adding an AU effect Account Holder’s Fico Scores?

angelwingz
Valued Contributor

Can adding an AU effect Account Holder’s Fico Scores?

Hi everyone,

 

I’m curious to know if adding DH as an AU to one of my cards will effect my scores. His scores right now aren’t great at low-mid 600’s with several past lates and collections. However, he has established credit for 25+yrs whereas I only started my credit journey almost 3 years ago. My scores are 100+ points above his - look at my siggy. I understand that an AU may benefit being added to an account if the account itself is in good standing which all of mine are, but what about for the account holder? What are the benefits (if any) and what are the drawbacks for an account holder adding an AU?




My Cards:






Profile Type: New, Thick, 100% Clean
INQ's: EQ: 0 TU: 1 EX: 3 (last 12 mo.)
Recent Accounts: 4 (last 24 mo.)
Total CL: 28.95k Util. 3% AAoA: 1yr, 8mo.
AoOA: 2 yrs, 8 mo. AoYA: 0 mo. 100% PIF.





myFICO Member since: July 21, 2018 | Joined Community: Aug. 17, 2018 | Starting Scores: EQ: 716 TU: 738 EX: 698
Message 1 of 3
2 REPLIES 2
dragontears
Valued Contributor

Re: Can adding an AU effect Account Holder’s Fico Scores?

Adding an AU to your account will not effect your score unless the AU runs up a huge balance. 

Only benefit to you would be you get rewards for their spend

The risk is that they run up a balance 

 


@angelwingz wrote:

Hi everyone,

 

I’m curious to know if adding DH as an AU to one of my cards will effect my scores. His scores right now aren’t great at low-mid 600’s with several past lates and collections. However, he has established credit for 25+yrs whereas I only started my credit journey almost 3 years ago. My scores are 100+ points above his - look at my siggy. I understand that an AU may benefit being added to an account if the account itself is in good standing which all of mine are, but what about for the account holder? What are the benefits (if any) and what are the drawbacks for an account holder adding an AU?


 

Scores hover around 800
Haven't been AZEO in over a year
Rome was not built in a day, neither is a good credit profile
Message 2 of 3
angelwingz
Valued Contributor

Re: Can adding an AU effect Account Holder’s Fico Scores?

Thank you so much again! Smiley Happy




My Cards:






Profile Type: New, Thick, 100% Clean
INQ's: EQ: 0 TU: 1 EX: 3 (last 12 mo.)
Recent Accounts: 4 (last 24 mo.)
Total CL: 28.95k Util. 3% AAoA: 1yr, 8mo.
AoOA: 2 yrs, 8 mo. AoYA: 0 mo. 100% PIF.





myFICO Member since: July 21, 2018 | Joined Community: Aug. 17, 2018 | Starting Scores: EQ: 716 TU: 738 EX: 698
Message 3 of 3
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