Does becoming an authorized user increase your cred history?

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david13579
 
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Does becoming an authorized user increase your cred history?

Postby david13579 » Wed Jul 06, 2016 8:46 am

I have 4 credit cards: 3 of my own and 1 as an authorized user for my mom. According to my report the authrized card has a credit history length of 9 years, one of mine has 4 years, one has 3, and one had 5 months, for an average of 3 years of history.

I became an authorized user for my mom a long time ago but I dont think it was 9 years ago. So I wonder if the 9 years is the time the account itself has been opened, and if so, if I become authorized on her card would that increase my history length or decrease it becaus they count it as a new card?


Tubpbs
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Re: Does becoming an authorized user increase your cred history?

Postby Tubpbs » Wed Jul 06, 2016 5:12 pm

david13579 wrote:I have 4 credit cards: 3 of my own and 1 as an authorized user for my mom. According to my report the authrized card has a credit history length of 9 years, one of mine has 4 years, one has 3, and one had 5 months, for an average of 3 years of history.

I became an authorized user for my mom a long time ago but I dont think it was 9 years ago. So I wonder if the 9 years is the time the account itself has been opened, and if so, if I become authorized on her card would that increase my history length or decrease it becaus they count it as a new card?


The easiest way to confirm if it's your mom's open date is to ask her what date shows on her credit report.

I think whether or not it is counted and how it is counted will depend heavily on the model and bureau. I think Vantage 3.0 counts it as an account and puts it into your average but FICO 8 shows the same date and just doesn't factor it into the age. (I think - this is off the top of my head and with only myself as my data point).

I think it will just depend on the model and bureau though.
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takeshi
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Re: Does becoming an authorized user increase your cred history?

Postby takeshi » Thu Jul 07, 2016 9:03 am

david13579 wrote:would that increase my history length or decrease it becaus they count it as a new card?

All depends on the open date on your report for the tradeline and whether or not the account is considered by the scoring model and/or creditor. Accounts where one is an AU are not always considered so focus on building your own tradelines versus relying on being an AU.

AAoA is just one factor for FICO scoring and typically ~15%. The other factors matter as well when the tradeline is considered.
http://www.myfico.com/crediteducation/w ... score.aspx



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