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Secured card and AU? Please advise!

Discussion in 'Credit Talk' started by Denny, Jun 13, 2003.

  1. Jun 13, 2003 #1
    Denny

    Denny Well-Known Member

    Hi guys!

    I like this forum a lot. This is so helpful and educative. Thanks to all of you who participate. I have a new question for today.

    Is it going to help me with my credit score if my cousin adds me as authorized user on his secured card? He is without credit history like me. Is it going to be any help at all for me, since his card is secured, and he just started to build credit?

    Thanks,
    Denny
     
  3. Jun 14, 2003 #2
    Geo

    Geo Well-Known Member

    couldn´t you find anyone else with longer history and a prime card?. Your father or a close relative?.

    He/she doesn´t need to give the card to you only add as an authorized user.
     
  4. Jun 14, 2003 #3
    Denny

    Denny Well-Known Member

    Yes I could, but I'm not sure about their history. If they don't have a good history, it's going to reflect on my report too, wright? And I don't want to be rude and ask them to show me there history. Could you please tell me how acctually looks AU report? I mean what is shown in primary account and what in AU account on the report? What kind of data am I going to have in my report from primary holder? His SSN? address? Is he going to have my SSN in his report?

    Thanks!
     
  5. Jun 14, 2003 #4
    Denny

    Denny Well-Known Member

    I heard that when someone adds you as AU on his account his history is transfered to you, but I don't know how does this really work? What do they transfer to AU credit report? Hope someone will explain this in detail.

    Thanks!
     
  6. Jun 14, 2003 #5
    Geo

    Geo Well-Known Member

    All the account history will be showed on your own report . The only diference is that will say ¨
    "Authorized user" instead "Individual Account".

    Example: if you were authorized user of of my Citibank account this account will be showed as:

    Company Name Account Number
    Citibank S.D./USA 530899XXXXXXXXXX
    AUTHORIZED ACCOUNT Open date 10/2002
    Revolving PAYS AS AGREED Limit $18600 Min payment 81 Balance $4000 Date reported 06/2003
     
  7. Jun 14, 2003 #6
    Geo

    Geo Well-Known Member

    you should give your Name, SS# and date of Birth in order to get the account reported on your own report. Sometimes you tell your name only and they still report.

    In my case I was an authorizer user of my brother $200 Mobil card. I only gave my name because I didn´t want to have this low account on my reports.Anyway they located me and reported it to all three bureaus... Grrr!!
     
  8. Jun 15, 2003 #7
    Denny

    Denny Well-Known Member

    Thanks to all of you guys! I'm going to stop bothering you with this AU matter. These answers were very helpfull!!!

    Denny
     
  9. Jun 15, 2003 #8
    Denny

    Denny Well-Known Member

    Re: Re: Secured card and AU? Please advise!

    Just one more question. OK, I see now what's going to show in my report, and what's going to show on primary card holder report regarding me?
     
  10. Jun 15, 2003 #9
    DHK

    DHK Well-Known Member

    Re: Re: Re: Secured card and AU? Please advise!

    Nothing. It doesn't say "# of cards issued on this account: 2". It won't matter. So, get him to add his account to 500 people and 500 people would "hopefully" benefit. (Of course, I bet the card issuer may have a limit per account.)
     

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