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any negative effects to the cardholder if they add AU?

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I was wondering if the party who adds someone to their credit card has ever, in CB experiences, been adversely affected for requesting the add.

Not talking about not paying cards or lates, etc., just the actual act of adding an AU.

In particular, family members with the same last name.

 

thanks

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None that I am aware of outside of what you stated. I don't know that it will affect the FICO magic 8 ball for the authorizer...it is the authorizee that has all of the risk even if only temporary IMO

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I was wondering if the party who adds someone to their credit card has ever, in CB experiences, been adversely affected for requesting the add.

Not talking about not paying cards or lates, etc., just the actual act of adding an AU.

In particular, family members with the same last name.

 

thanks

ADDING AN "AU" CAN NEVER HURT

 

(as long as they don't do a HARD inquiry on the primary cardholder)

 

A few have said they had that happen in the past (UNKNOWN BANK)

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The primary cardholder is responsible for all of their charges in most cases. Beyond that, I haven't read about any additional pulls. Not even sure if the AU's credit typically gets pulled. Only someone who seriously watches their report would know something like that.

 

A lot of people have endured drama associated with trying to help. Adding an AU shouldn't be done lightly, IMO.

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The risk to the account holder is only that the AU could easily make charges, if inclined to do so.

 

The account holder has to completely trust the AU on this. Not handing over a physical credit card is no guarantee the account can't be used. It's still the case that many major retailers allow their customers, both account holders and AU's, to charge onto their accounts whether or not the customer presents the credit card itself. And for online purchases, an AU who can't be trusted can wangle using the account number without all that much difficulty. In all cases, it depends on the trustworthiness of the AU, not the external controls of websites or merchants.

 

Only the one account, the one on which the AU gets added, affects and is reported for both the AU and its owner.

The rest of the AU's credit history doesn't affect the primary account holder at all.

 

Suggestion:

If there is any name similarity (being a Jr., or having the same initals, etc.), then be sure to ask the primary account holder to add the AU using the most complete and unique name format. Not under a nickname and so forth.

If John Doe is going to add his son to his account, it would be savvy to first make sure that the account is in his own most complete name as John H. Doe, Sr. or as John Henry Doe, Sr. -- then to add his son as AU by giving his son's SSN and by giving his son's name as John Henry Doe, Jr. or John H. Doe, Jr.

 

If there is any likelihood of two individuals being misidentified as one another, it is something which would be due to names on accounts, not just due to the one account on which John Junior is an AU.

 

Never depend on SSN to be the identification element which would keep two credit files separate without misreporting or overlap.

SSN is only a secondary match characteristic. Name and address are the primary matches.

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