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Authorized users and Fico

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Anonymous
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Authorized users and Fico

Would any of the wonderful followers here happen to know which credit card companies add the credit cards original credit history to a new Authorized user being added. I've added 4 cards with about $ 5,000 credit over past year. My current used is about 2% and I'm trying to remove of negatives from credit reports, but short credit history is hurting me. I have a number of family members and friends willing to add me as Authorized user. Is this a good approach, ANY SUGGESTIONS????

 

Thanks for every one that helps out here. Bunch of outstanding people helping others with credit issues.

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bdhu2001
Valued Contributor

Re: Authorized users and Fico


@Anonymous wrote:

Would any of the wonderful followers here happen to know which credit card companies add the credit cards original credit history to a new Authorized user being added. I've added 4 cards with about $ 5,000 credit over past year. My current used is about 2% and I'm trying to remove of negatives from credit reports, but short credit history is hurting me. I have a number of family members and friends willing to add me as Authorized user. Is this a good approach, ANY SUGGESTIONS????

 

Thanks for every one that helps out here. Bunch of outstanding people helping others with credit issues.


I think it's a touch and go situation.  My AmEX added my daughter so that she has over 26 years of credit.  I recently added my son-in-law and his score went up 10 points, but I don't know if it was due to age of credit or the amount of available credit.

Original Mortgage maturity Sept 2044; Refi maturity Dec 2030
Starting Score: EX 751 EQ 720 TU 737 on 4/9/14
Current Score: EX 849 EQ 835 TU 843
Goal Score: 850


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