benchm wrote:I am 18 years old and a full time student at University. I have no income but make around 830 a month when I am enrolled. (my dad is a veteran and I get money for school from him). I recently applied (and was denied) for a citi forward card. I wouldn't be worried seeing as I have no real income, but their reasoning has me startled a bit. They said I have outstanding credit lines. This shouldn't be the case seeing as I'm 18 and have never had a loan or a card or anything.
Since then I have requested my credit report (waiting) and got in contact with my parents. Turns out a couple years ago they put me on one of their cards without me knowing it. Is this legal? would this affect my credit? My parents have awful credit and are currently filing bankruptcy. My mom says there is no way it should have effected my credit because I was just put on the plan, not a cosigner, but this doesn't make sense. could someone explain?
My two cents....
You would definitely be denied on Citi Forward since you have no income even if you were not piggy-backed on your parents' card.
On your question if it is legal for parents to add their minor children as authorized user. Yes, some banks and or lenders allows it. It is at the bank/lenders' discretion.
That is the problem with piggy-backing to have a credit history. Risk of getting slammed by bad credit history even if you are not the account holder.
On a different note, please don't tell me that you are thinking what I am thinking right now regarding your parents legality of adding you to their card.