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You have been an authorized user on your wife's credit card account for the past year which is in good standing so how come you still don't have a FICO score?
Wiki User
∙ 16y ago
The reason you still do not have a FICO is because your credit was not used to apporve the application you are just a user much like a 17yr old uses a parents credit card being a user just means the card has your name on it not that your information was used to approved the credit card in most cases the company does not even have your S.S#
Wiki User
∙ 16y ago
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What does your credit score have to be to get a credit card?
This completely depends on the bank you are going to and their guidelines. Currently, most banks are turning people down with credit score below 660. If your score is not high enough, one of my favorite ways to boost a person's credit card score is to teach them about the magic of authorized users. Authorized usersare people who have permission to use other people's credit cards. For instance, your husband might have a Citi card. His name, and his credit score, was used to apply for the account, but you have permission to use the account.Becoming an authorized user is a powerful way to boost your credit score because you get to borrow the account holder's good credit history. If you are an authorized user on a credit card in good standing, your credit score will reflect the credit card's positive payment history by increasing. Beware, though: If you are an authorized user on a credit card in poor standing, your credit score will reflect the credit card's negative payment history by dropping.
If you are specified as an authorized user on a credit card account that is not a joint account can your credit score increase?
No, only the primary cardholder's credit score is affected.
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.
Does the credit score of an authorized user on your credit card affect your credit score?
No, the credit score of the authorized user will not affect the main cardholders credit score but the authorized users score can be affected as you can see creditcardideas.com/blog/adding-an-authorized-user-to-increase-credit-scores
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.
If you are an authorized user on someone else's major credit card and the account isn't paid does it affect your credit as well?
It negatively affects both the primary and the authorized user credit score and report.
If things drop off your credit report how does that effect credit score?
Depends on what they are. If they are derogatory items, then dropping off will raise your score. If they are positive items (e.g.- an account in good standing), then they will lower your score.
What can you do if you were an authorized user on a credit account and the main cardholder stopped paying and now your credit score has been lowered because the delinquency was reported on your credit?
There's a difference between an authorized user and a joint account holder. If you were simply an authorized user, meaning that the other person is soley responsible for the account and you only have a card in your name, then the delinquency shouldn't be showing up on your credit at all. You aren't the holder of the account. If this is the case, you need to immediately file a dispute claim with the agenicies reporting the delinquency; they, then, must investigate and tell you the outcome of the investigation. If, however, you are a joint holder, meaning your name is listed as someone financially responsible for the account, then the only way to correct the credit score is to pay the account and be patient.
If you allow someone with poor credit history to be an authorized user on your credit card will it lower your credit score due to their poor history?
I was a authorized user on one of my exwifes accounts and did not realize it. I noticed my credit score was going down steadily and was not sure why. Then it made a big plunge so I checked my credit report and fiqured out I was a authorized user on one of her accounts that she had stopped paying on.I called the company and at first they would not take my name off of the account saying it would have to be settled first. I argued with them how could I be responsible for something I don't even see a statement on. It took several calls but I finally reached someone who saw my side of the story. They had trouble deleting my name from the account and had to get a supervisor involded to get me removed. My credit score jumped by more than a 100 points the next month. EDIT: This would have been a good response if the question was "Will my credit be affected if I am added as an authorized user". I think the person answering the original question got the authorized user and account holder in reverse. The answer below is correctly answers the question without confusion. Also...a couple of credit card issuers have policies that hold Authorized Users responsible for their actions and safeguard the Primary Account holders credit file. Credit scores are not affected by the actions of an authorized user. Neither can an AU be held legally responsible for the account regardless of what they may be told by the card issuer. The premise being that an AU has no control over how the account is handled as they do not have access to payment of the account or other issues such as increasing the credit line.
If my mother is an authorized user on my credit card and she is currently in the process of foreclosure would her foreclosure as an AU affect your credit?
No, having her listed as an authorized user will have no impact on your credit score.
What is the difference between free credit report and credit score?
A free credit report is a list of your debt history. It shows all of your personal information, creditors, account balances, and paid-off balances. A credit score is basically just a rating given to you by credit card companies to show your standing with them.
What does an Equifax credit score of 746 mean?
It means your credit is in "Excellent Standing"
