AU Question

[Anonymous]

I understand that after September FICO will no longer consider AUs in the credit score.  Suppose I am already an AU on a card, will I see a decrease in my credit score? 

[Anonymous]

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@Anonymous wrote:

I understand that after September FICO will no longer consider AUs in the credit score. Suppose I am already an AU on a card, will I see a decrease in my credit score?

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If you're currently an AU on a positive account (good age and/or low utilization) you will probably see a score decrease.

The scoring change will go into effect at one CRA in September but will not go into effect at the other two CRAs until early next year.

[Anonymous]

Is there any benifit to having myself added as an AU now, before the changes take effect?

[Anonymous]

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@Anonymous wrote:

Is there any benifit to having myself added as an AU now, before the changes take effect?

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Sure, if the account is positive (low utilization, long history), you will probably get a score boost on one CRA for a month, and on the other two CRAs for 6 months or so.

[fused]

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WBLAKE wrote:

Is there any benifit to having myself added as an AU now, before the changes take effect?

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Someone adding you as an AU is still helpful, just remember some CCCs and CRAs take for ever to report, sometimes months. If your scores and overall credit history allow you to, consider applying as a joint account holder. The link below is good reading.

http://credit.com/credit_information/credit_report/Consumer-Alert-FICO-Formula-Changes.jsp