Quote:
Originally Posted by sextoyking
You are wrong......
I have seen tons of times that 16-18-to whatever age has there parents, sig. others, etc put them on an account as AU and nothing every happens.. When you check myfico, or anywhere else (the rest have faco score) truecredit, experian, eq, etc. They all show as an Authorized user on that card / revolving acct and they get the complete age of that account when it was opended by the primary...
There is a reason alot of parents add there kid(s) to an account when there 17-18-19, etc so they now will have a credit file, fico score, etc.
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They might be able to get a credit card in which the FICO score only is checked, but the first time they try to get a loan where their credit report is scrutinized they will be turned down. It is only a good boost to build your own credit from there (ie get your own credit cards), but it won't help you get a loan of any importance other than a credit card. Believe me when I tell you the rules have changed and what used to work doesn't still.