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If your wife has a lower FICO score will adding her as an authorized user or joint account holder have a negative effect on your FICO score?
Wiki User
∙ 8y ago
No. The person who is the card holder is the person whose FICO score applies to. An authorized user/signer is in most cases not responsible for the debt, if the card holder defaults.
Actually, it can effect your score if your talking about a joint account. Authorized users aren't responsible for accounts, thus no reporting of that account will appear on their credit bureau.
If your wife has a bad account, late payment stuff like that. Then I would recommend not adding your name to her acccount. It will effect your score. But there will be no change to your score if you have her added to one of your accounts. Just make sure their good ones and everyone gets a boost.
Wiki User
∙ 8y ago
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If you are removed as an authorized user on a credit card how does that effect your credit score?
It depends on if the account was good and helping your score or a bad account that was holding your account down. Removing a good account cold lower your score.
Will adding an authorized user with bad credit to your credit card effect your credit rating?
NO. IT wILL BE NOTED AS "A" FOR AUTHORIZED USER ON THAT persons credit file. it does does not increase or decrease your credit score. It should boost theirs in you pay the bill on time. JUDE KAGABINES LEXINGTON SC
Can your credit score be effected when you remove yourself from a credit card as an authorized user If so what is the best way to remove yourself as an authorized user?
Your score will only be affected if the account is past due/derogatory. Otherwise you may see an increase in your score due to debt/income ratio becoming smaller. WHAT!?! to whomever answered this. An authorized user can use the account/card. They can also make payments to the account, but they are not required to make payments. These are the only things they can do. That being said, The Primary account holder is the responsible party. Anything that goes wrong or right with the account gets reported to the Primary's Credit and only the Primary's credit. Removing yourself as an authorized user, regardless of the status of the account, has NO effect on your credit score.
Will nonpayment by a credit card holder effect credit rating of authorized user on account?
NO. Only the primary and/or joint owners are responsible for paying the owed balance, even if all charges were accrued by an authorized user. They are also the only ones 1) held accountable if the bill is not paid and 2) whos credit rating is affected.
What are the effects of negative cash flow?
effect of negative cash flow
What is negative 12 minus positive 6?
-18. Subtracting a positive number has the same effect as adding a negative.
What is the answer to 4-(-3)?
7
If you are removed as an authorized user on a credit card how does that effect your credit score?
It depends on if the account was good and helping your score or a bad account that was holding your account down. Removing a good account cold lower your score.
What is 432 minus negative 25?
Subtracting a negative number has the same effect as adding a positive number. In this instance, 432 - (-25) = 432 + 25 = 457.
What is 25 minus negative 30?
Subtracting a negative number has the same effect as adding a positive number. In this case, 25 - (-30) = 25 + 30 = 55.
What is the answer to 10 minus negative 7?
Subtracting a negative number has the same effect as adding a positive number. Therefore, in this instance, 10 - (-7) = 10 + 7 = 17.
What is positive 75 plus negative 4?
Adding a negative number has the same effect as subtracting a number. Therefore, in this instance, 75 + (-4) = 75 - 4 = 71
What is positive 16 minus negative 3?
When you subtract a negative number, it has the same effect as adding a positive number. Therefore, in this instance, 16 - (-3) = 16 + 3 = 19.
Will having a negative balance in an unused checking account affect your credit rating?
No, having a negative balance in an unused checking account will not directly affect your credit rating. However, if you fail to pay off the negative balance and the account is sent to collections, that could potentially have a negative impact on your credit rating.
What is a negative subtracted by a negative?
Subtracting a negative number has the same effect as adding a positive number - think of it as moving right on a number line whereas, subtracting a positive number will move you left on a number line.
What does negative one plus negative two equal?
Adding a negative number has the same effect as subtracting a positive number. In this instance, -1 + (-2) = -1 - 2 = -3.Therefore, -1 + (-2) = -3.
Will adding an authorized user with bad credit to your credit card effect your credit rating?
NO. IT wILL BE NOTED AS "A" FOR AUTHORIZED USER ON THAT persons credit file. it does does not increase or decrease your credit score. It should boost theirs in you pay the bill on time. JUDE KAGABINES LEXINGTON SC
