Could anyone please share experience with Direct Merchant Bank card? Do they report Authorized User to all 3 CRAâ??s? Iâ??m added as joint user on cousin account with DMB year ago, at time when I didnâ??t have SSN. Reading this board I realized that joint user is not equal to AU user. Actually, I do believe that Iâ??m joint user since my card # is same like his card #. Maybe Iâ??m wrong? I called DMB, but there customer service is so POOR. They even mislead me saying that I have to be Secondary holder in order for them to send reports to CRAâ??s. Anyway, Iâ??m starting to establish my credit history. I was wondering if I provide them with SSN now and change my status from joint to authorized user, are they going to include in my report payments on time from previous year, or they are going to start reporting from date of status change? Thanks, Denny
Denny, I sent you an email, before I read this. If you are a joint holder - you are contracturally liable for the debt. That means, if he ever quits paying DM, they can come after you, whether you made any of the charges or not. AU means you can use the card, but are not liable to pay the bill. Either type of card will have the same account number - usually. BTW - I had a DM account for years, and it never reported to any CRA.
Thank you jlynn! I got your mail - very helpfull!!! Anyone with Direct Merchant card as authorized user? Do they report AU? Thanks!
