Temporary AU...

[Anonymous]

I understand that Fico will no longer include advantages for Authorized Users...but I have a question.

My brother is 23 and has an EX score of 572. His report has 0 open accounts. 1 Closed Capital One Chargeoff account, settled for less than full. This hapened white he was on military training overseas and my dad didn't pay his bills.

He also has a closed/paid as agreed personal loan for $2000 from BOA.

That't it. That's all he has.

If i add him as an Authorized User on my Capital One Card, which is 5 year old with no lates or anything...How much can get his score up to? I want to get his score a little higher because he needs to have a credit card of his own to build credit. If he can get a little boost on the score, he can apply for a card on his own before AU are no longer counted in Fico.

Any suggestions?

Thanks,

[Tuscani]

Do you carry a balance on that CAP1 card? If so, what is the Util?

Has he considered a secured or Orchard card?

[Anonymous]

Right now, i have Cap1 maxed out. I did that only because i wanted to HC/CL reported to be high. I am paying that off as soon as this get reported. Probably down to 2% util or so.

Secured card..haven't considered that yet because he doesn't have any money to put out yet. He just came from military few months ago and is still struggling to find a good paying job.

Orchard, I will tell him about that as soon as i get a chance.

[Tuscani]

Any TL that has low util and 0 baddies should suffice. No one can say for sure what the impact may or may not have on him. Don't you have Hooters (makes me giggle everytime)? You can add him as an AU there as well.  

[Anonymous]

Hooters card is less than a month old. My only old TL is Cap1. Everything else (WaMu, Amex Delta, Hooters) i have gotten is in the past month.

[Tuscani]

---

Irvin wrote:

Hooters card is less than a month old. My only old TL is Cap1. Everything else (WaMu, Amex Delta, Hooters) i have gotten is in the past month.

---

Realistically, any positive TL should help him regardless of age.

[Anonymous]

I concur.