If I am added as a authorised user on my brothers credit card, does his good/bad credit become part of my mine

Answer 1

I read something similar in Suze Orman's book. A person had this dilemma because his father had added him to his account while he was in college. 10 yrs later, he thought his score was pristine, but while checking it before buying a car, he realized he was an authorized user on his dad's account which hadnt been paid in 3 months and was over the limit.

You can inherit someone else's credit record, Suze says.

She states that it's not permanently damaging. "The good news is that if you are an authorized user on anyone's card, you have absolutely no financial responsibility for their debts. All you need to do is have your name removed from their account, and their record will be wiped off your credit report. One slight curveball is that the credit card company won't accept the request from the authorized user; they want to deal with the person who is responsible for the account. So in this example, Dad would have to call and make the request for his son to be taken off as an auhtorized user. And you want to get a written confirmation that the change has been made to the account. Trust me, its going to come in handy for your next chore: dealing with the credit bureaus. And check back with the credit card company in about a month to make sure they are no longer listing you as an authorized user. You just cant be too careful." -Suze Orman

In short, once your name is removed as an authorized user, the reports should also be updated within 30 days. If it's still there after you check your credit report, you have to press for change with the credit bureau. This is where the written confirmation will come in handy. When this report gets fixed, your score should also go up (Suze Orman pg 49).

Answer 2

If it's not your account, try disputing it on your credit report. That's what I did in a similar situation.

Answer 3

The short answer is: NO. The longer answer is partially. Adding your name to his card causes THAT account to appear on both your credit file and his. Your score is still based on EVERYTHING in your file. Your brothers score is still based on everything in his file.

Answer 4

No