Adding spouse/wife as authorized user?

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m20e3087
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Adding spouse/wife as authorized user?

Postby m20e3087 » Thu May 31, 2012 4:37 pm

My wife have 3 30 days late payments on her file. I think 1 from Macys and 2 from BOA. If I add her as an authorize user, will it help her score?
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FastSRT8
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Postby FastSRT8 » Thu May 31, 2012 6:00 pm

NOW WHY would you want to risk your score and rating? I know she is your wife and all BUT cmon, let this be a lesson to her. Clean up her act. That is what I would tell my wife. SMACKDOWN
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American
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Postby American » Thu May 31, 2012 6:00 pm

m20e3087 wrote:My wife have 3 30 days late payments on her file. I think 1 from Macys and 2 from BOA. If I add her as an authorize user, will it help her score?


It possibly could benefit it her score, but she's still going to have those on her record, so she may still be getting denial letters citing those negative things.

It'll honestly do a marginal increase because credit issuers will still question her ability to manager her credit, as opposed to being authorized on someone else's account.

You're honestly threatening your own account more than anything else.
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FastSRT8
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Postby FastSRT8 » Thu May 31, 2012 6:04 pm

American wrote:It possibly could benefit it her score, but she's still going to have those on her record, so she may still be getting denial letters citing those negative things.

It'll honestly do a marginal increase because credit issuers will still question her ability to manager her credit, as opposed to being authorized on someone else's account.

You're honestly threatening your own account more than anything else.


Thank you. That is exactly what I was thinking. DON'T mess with your own score.
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sfoboy85
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So....

Postby sfoboy85 » Fri Jun 01, 2012 8:54 am

How about if I add my wife as an authorized user to my AMEX Platinum account and she has no previous history/new to the country?

It would not ruin my score if all is being paid for on time, right?

Please confirm, thanks!
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NYC_Dweller
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Postby NYC_Dweller » Fri Jun 01, 2012 10:02 am

m20e3087 wrote:It would not ruin my score if all is being paid for on time, right?


as mentioned, why risk your score? your wife unfortunately has a proven track record of poor credit/money management. if you need her score to improve as a couple (mortgage, car loan, rental, etc...) than add her. Keep in mind with 3 negatives her score will barely improve. a slight improvement will truly be based on your relationship with the card you are considering (high cl, low usage, long history). if you decide to add her i would shred her copy of the card. if your wife is looking to repair her credit she will understand your actions.

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Postby tinninches » Tue Jun 05, 2012 5:35 am

Guys, I see both sides to this coin. My scores were in the tank earlier this year, due to some minor derogs, and one major - a repo.

The GF has much higher scores, no derogs, but horrible util% management.

So I asked her to put me as AU on the plat amex, and that only I would be using it, not her (since I PIF, were as she does not) and put me as AU on any other card, she no longer uses.

It really does come down to trust. We sat down and looked at all 3 of my freshly pulled CRs, and she didn't hesitate to afford me the opportunity to have access to her accounts.

If you do not trust her/him as an AU, I would likely guess there are bigger issues in the relationship that need addressing as well.
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Postby fcmilliner » Tue Jun 05, 2012 9:09 am

You can add your spouse/wife as an authorized user, just don't get an additional card for her to use. Now you don't have to worry about her ruining your credit.

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Postby FastSRT8 » Tue Jun 05, 2012 11:05 am

tinninches,

At the end of the day it's you call. Do what you feel is best BUT always keep in mind a back-up plan should things go sideways.
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