Now most have said that being an AU on someone's account does nothing to help your individual scores, but I notice than on EQ and TU they show you debt/ratios, and my hubby is an AU on 2 of my accounts and these limits and balances reflect in his overall ratios, which i believe is a scoring factor?? So just curious if they do or do not help. I have paid off one of those and plan of paying off other by end of the year. Thanks again'Mom
RE: Another ?, I'm just full o Mom, I don't care what anyone has told you about an "AU", it doesn't help that persons score. I know first hand. If you don't want thet debt reported on your husband, them remove him. He can also show proof that he is not responisible for the debt. To make a long story short, when one does a snapshot of someone's credit history and they are and "AU", that's not subtracted from that persons total debt. It's no biggie for the big things, (ie. mortage), only the samll things, (ie. other credit cards).
RE: Another ?, I'm just full o Thanks Lady, I was hoping it did since the 2 accounts he is the AU one will be paid off, oh well back to the drawing board Thanks Mom
RE: Another ?, I'm just full o Why do you say back to the drawing board. Of course his score will increase a little by that account being paid off. It just show that he's not liable for that debt. Mom it's a good thing.
RE: Another ?, I'm just full o Oh ok, i was thinking that them being paid off wouldn't affect his scores??
RE: Another ?, I'm just full o Mom, The same person that I mentioned in the posting below stated just the opposite. He claims that AU is what contributed most to his 700 scores. You might want to check out Dan Degraffs postings at qualitycreditrepair. If I knew someone with decent credit I would do it. But I dont. Warning. I would read only the June, July, Aug postings. The later postings were basically fights and useless. Happy reading. roni, Momof3 wrote: ------------------------------- Now most have said that being an AU on someone's account does nothing to help your individual scores, but I notice than on EQ and TU they show you debt/ratios, and my hubby is an AU on 2 of my accounts and these limits and balances reflect in his overall ratios, which i believe is a scoring factor?? So just curious if they do or do not help. I have paid off one of those and plan of paying off other by end of the year. Thanks again'Mom
RE: Another ?, I'm just full o The way I understand it is that the CRA's have started calculating au's as co-applicants because a lot of card companies were just reporting co-applicants as au's. If you ask me, this is all good, and no bad, because if the account is derog, or goes derog later, you can always dispute it since you have no obligation on the account, but you can reap the rewards if it is a positive account.