Yes, I know, not another authorized user question. But this concerns which models factor (even in a reduced way) for being a spouse or child while residing at the exact same address as the person with stellar credit. She bought a 1 year old Buick cash as she had her scores of 803, 810, & 813 in Feb of this year.
I finally got my mom to add my father (her husband) and myself to her four following cards:
Another Chase Slate of almost 29k with perfect pays virtually no utilization at all opened in 4/84
A BOA MC from 1998 for 2.5k
another BOA VISA for 2.5k from 2003
& finally a PNC Visa card from 2008 for 7,5k
We all live in the same house and have been here for 35 plus years.
My question is won't my father get the best grafting as an authorized user, since he is the spouse? I assume I will get some as the son whom has the same address, but not as much.
My father has heavy utilization on personal cards as a contractor. We are chipping away at them as we speak. We want to get them down and be able to get a balance transfer card at 0% or something low. My dad also has no derogs at all on the report either, so chipping away and having the extra slack of utilization should help.
What models are most generous for him and which are most restrictive? Same goes for me? I assume TU08 scoffs at AU?
Not another authorized user question!
Started by
sully1975
, May 19 2012 11:23 AM
6 replies to this topic
#1
Posted 19 May 2012 - 11:23 AM
#2
Posted 19 May 2012 - 11:26 AM
FICO 08 should factor in spouses, *IF* the spousal relationship is picked up.
There's no way to tell without getting the actual FICO scores.
All of you should join DCU, and get Walmart cards.
Good lab experiment.
There's no way to tell without getting the actual FICO scores.
All of you should join DCU, and get Walmart cards.
Good lab experiment.
#3
Posted 19 May 2012 - 11:38 AM
I also heard that getting an AU relationship to show up is like watching a glacier move sometimes.
#4
Posted 19 May 2012 - 11:54 AM
Seriously, y'all should get Walmart cards, and see what happens to the scores.I also heard that getting an AU relationship to show up is like watching a glacier move sometimes.
That would be a BIG service to the CB community in figuring out what FICO 08 factors in.
#5
Posted 19 May 2012 - 08:53 PM
Seriously, y'all should get Walmart cards, and see what happens to the scores.
I also heard that getting an AU relationship to show up is like watching a glacier move sometimes.
That would be a BIG service to the CB community in figuring out what FICO 08 factors in.
Here is my situation with that, when my pop applied to GEMB for business accounts and put in his social along with the company's Ein, they always say he is unverifiable. I listened on in on the phone and they said for whatever reason that his social security number is different than the one he was given and used to open a TD bank account, a First Commonwealth CU account, 2 Chase accounts, boatlaods of Citi business branded cards, etc.... GEMB says my dad is not whom he said he is.
Could I bypass the situation by adding him as an AU on MY Walmart card first, than apply for his own?
#6
Posted 19 May 2012 - 09:59 PM
Adding him to a Walmart card will not get the FICO score.
It sounds like he has bigger issues to worry about with his SSN.
It sounds like he has bigger issues to worry about with his SSN.
#7
Posted 19 May 2012 - 10:44 PM
Adding him to a Walmart card will not get the FICO score.
It sounds like he has bigger issues to worry about with his SSN.
Yes, I know. But my idea was if I forced him in as an authorized user on an established card it would open him up for GEMB.
He was able to apply for and get 6 citi biz cards: Staples, Office Depot, Shell, Sunoco, Exxon, and Tractor Supply plus a Plum card, and Ink, 3 WEX gas/fleet/auto cards, and 3 fleetcors. So it is not like he doesn't exist or is a ghost in the system.
Is it possible to pay for a TU08?
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