Hey all...long time, no see. I have a friend who has offered to make me an AU of his CapOne card. It's a new card, but at least it's something. Not being all that familiar w/ AU, I ask the following: 1. Will any of my credit be transfered to his reports? 2. Will the want my SS#? Why? 3. Do I just recieve that one new credit line on my report? 4. Do I recieve a card of my own w/ my name? Thanks, and please send some heat to PA. DB
your credit would seem to be your credit, not go on his, i think you would have to provide your social in order to get this tl on your c.r.. my mom had me on her jcp card as an au to help our limping credit along, i just used a card with her name on it, sometimes they would call and check to see if i was an au when i made a purchase, even though it was my sig on the back of the card. it's a start and he must be a heck of a friend to offer this to you.
I have some authorized accts with Crap One and it is very helpful being an authorized user to add a positive account to my report, BUT if your friends defaults/late payment, etc. this will reflect on your report AND you will never be responsible for any debt as long as your an AU (thought i would share in case you didn't know debt policy for AU).
