Hi, i'm trying to figure out if you still receive credit toward your credit win if you are an authorizer user when you manage to retribution the bill on time? or you enjoy to be a co-applicant in decree to receive this benefit?
Answers: FICO no longer gives credit to authorized users.
They caught on ending year and changed the way they add scores to exclude authorized users.
The portrayal shows up complete with history but the AU get no credit for it.
I am 99% sure that they don't get any benifit from using someone elses portrayal.
Since they are just a "User" they are, for effortless visualization, a parasite on the card member's credit.
I learned the rugged way that you inevitability to be VERY careful going on for who you put on as an authorised user...
They can use your account but enjoy NO LIABILITY AT ALL in regard to the bill.
If they decide to max out the card... THEY don't own a single bit of responsibility for thebill... it is 100% on YOU, the person that open the account.
BE CAREFUL.
ONLY put someone on as a CO-Primary ... Even next, if they skip out, you are responsible for the damage, but it will hurt BOTH of you within the long run...
I got burned... PLEASE, revise from my experience!!
DON'T PUT SOMEONE ON AS A CO or as an AU...
NO matter how trustworthy they come across at the time... The will somehow end up fu*king you...
The report may appear on an authorized user's credit bureau reports, with a notation of their status. This may facilitate in establishing or rehabilitating their credit rating, although not as much as an justification that they are officially responsible for. No, lone the primary card holder receive credit score and have credit history on file.
it adjectives goes on the authorized user report. I would never co sign unless u could really trust the other person to foot on time.
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Answers: FICO no longer gives credit to authorized users.
They caught on ending year and changed the way they add scores to exclude authorized users.
The portrayal shows up complete with history but the AU get no credit for it.
Question in the region of rebuilding unusual credit?
I am 99% sure that they don't get any benifit from using someone elses portrayal.
Since they are just a "User" they are, for effortless visualization, a parasite on the card member's credit.
I learned the rugged way that you inevitability to be VERY careful going on for who you put on as an authorised user...
They can use your account but enjoy NO LIABILITY AT ALL in regard to the bill.
If they decide to max out the card... THEY don't own a single bit of responsibility for thebill... it is 100% on YOU, the person that open the account.
BE CAREFUL.
ONLY put someone on as a CO-Primary ... Even next, if they skip out, you are responsible for the damage, but it will hurt BOTH of you within the long run...
I got burned... PLEASE, revise from my experience!!
DON'T PUT SOMEONE ON AS A CO or as an AU...
NO matter how trustworthy they come across at the time... The will somehow end up fu*king you...
Am I competent to gain a stated income home loan $980,000 w/ 710 credit score and 15% down?
The report may appear on an authorized user's credit bureau reports, with a notation of their status. This may facilitate in establishing or rehabilitating their credit rating, although not as much as an justification that they are officially responsible for. No, lone the primary card holder receive credit score and have credit history on file.
it adjectives goes on the authorized user report. I would never co sign unless u could really trust the other person to foot on time.
Resolved Questions: