Quote:
Originally Posted by collegeboobies
FICO is changing things, after spring 2008, authorized users are no longer reported for on time payments.
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Actually after spring 2008 authorized users won't be reported, period. You could still use it as a quick fix though before the change goes into effect, and use the newfound credit boost to get a few decent cards to build on.
If the kid is starting college, though, they won't need any help getting credit cards. All they'll need to do is go up to any one of the many tables offering free t-shirts, lunch, etc if they fill out a credit application and they will definitely get the cards. The credit card industry preys on college kids because they figure their parents will bail them out when they eventually default...