if i have some one in my cedit card will that increase the persons score also?
2007-07-30 11:09:33 · 2 answers · asked by zzzzzz321321 1 in Business & Finance ➔ Credit
It used to be that having an authorized user on your card improved the auth users credit score because the data transfered over to their report...as of 9/1/07 FICO is changing the rules to exclude auth users from recieving benefit from a tradeline that they are not legally responsible for (so from now on it will only help your credit if you are responsible for the debt too).
This is mainly because people were using this loophole to defraud mortgage companies by buying authorized user slots from other people with good credit history to bump their scores a lot.
2007-07-31 17:05:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No, because it is only under your social security number.
2007-07-30 18:17:25 · answer #2 · answered by Ms. Angel.. 7 · 0⤊ 0⤋