Sentences with phrase «as authorized»

Dear Speaking of Credit, If a family member is added to a credit card, as an authorized user will it help to build his / her credit, even if he / she does not use the card?

Just add your spouse (or another household member) to your account as an authorized user.

Going back to the example of the father and son, the father may have decided to open the store card in his name, and then add his son as an authorized user, or vice versa.

Ask a parent or close family member to add you as authorized user (AU) on their credit card, ideally one with a high limit, low balance, and positive payment history.

Contact Chase, or if they won't talk to you because you are not a primary cardholder, have your wife make the call, asking if she holds the account jointly or individually with you as an authorized user.

FICO quickly reversed course, however, and went back to allowing piggybacking in scores — but with an adjustment to generate fewer points for accounts held as an authorized user than as a primary account holder.

Dear G., It's no longer a secret that being added as an authorized user — also known as «piggybacking» on someone's credit card — can be a good way to boost your own credit score.

In an attempt to head off such piggybacking abuse, the FICO 8 credit score, launched in 2009, initially excluded accounts held as an authorized user from scoring.

With many credit cards, it costs little to nothing to add someone onto the account as an authorized user.

Parents and guardians should ask their credit card company about the costs associated with adding their teen as an authorized user to their credit card.

As an authorized user, you're not legally obligated to pay the debts that might accumulate on the account.

When the teen is removed as an authorized user, their credit score will decrease in the short term.

If your parents or family member already have a credit card, they may be able to add you as an authorized user.

If you're a parent or a guardian of a teen who is under 18 years old, then you can get them a credit card by adding them as an authorized user to one of your existing cards.

Being an authorized user can help a teen's credit score, but if the teen is removed as an authorized user at some point in the future then this will shorten their average account age, which is a negative factor in the eyes of credit rating agencies.

Details about credit accounts that have been opened in your name or that list you as an authorized user

If the account was opened after June 1, 1977 and if you name your spouse as the authorized user, a creditor who reports the credit history to a credit bureau must report it in your name as well as in your spouse's name.

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You do not have to use the account or even have a card to be listed as an authorized user or for the account holder's credit to reflect on your own.

If you are added as an authorized user on another person's account, you can enjoy the benefits of using the card without the official financial responsibility of paying the credit card's balance.

That can only happen if the student is added to the parents» card as an authorized user or if the parents are a co-signer on the student's credit card.

Would it be prudent to remove myself as an authorized user of the three credit cards I hold jointly with my husband, thereby raising my credit score, prior to any judgment being recorded?

Dear Opening Credits, I added my son as an authorized user to my Barclaycard Arrival Plus World Elite Mastercard because...

If you want your kids to have a great FICO score and you have a great FICO score in the highest range, then add them to your credit card account as an authorized user.

But removing yourself as an authorized user probably isn't the solution, experts say.

Now, if you wanted to remove him as an authorized user, you could do that.

If you are close with someone with good or excellent credit, you can always ask them to add you as an authorized user on their account.

His father added him as an authorized user to his credit card when Miltiades was younger and instilled in him the importance of paying the balance off on time every month.

He got his start building credit early in high school when his parents put him on as an authorized user on their credit card.

If you are unable to open a new account of your own, have someone you know and trust add you as an authorized user on one of their credit cards they keep in good standing with a low balance.

Add your kids as authorized users.

This is true even if you are on one another's accounts, either as a co-applicant or as an authorized user.

When first starting out of course this is not easy; but this is where getting added as an Authorized User to another persons established credit comes in best.

People typically add family members, significant others, and sometimes even friends as authorized users on a credit card to help boost the authorized user's credit score.

A spouse may list another spouse as an authorized user on a credit card so that spouse can make purchases with the credit card too.

So long as I added myself as an authorized user when applying for credit cards in my wife's name, I never had any trouble handling all the phone communication with Chase, Citi or Bank of America.

If you have a parent, uncle, or aunt who has great credit, ask them to sign you as an authorized user on their card.

If so, if I have only one card and have only had it for 1 year, and if my dad adds me as an authorized user to a card he's had for 29 years, will my average credit history actually increase to 15 years?

The most common way, and by far the best way, of getting approved for a first credit card is by being added as an authorized user to your parent's, spouse's, or friend's credit card.

You can be added as an authorized user on your spouse's account.

Tip: As a young person wanting to establish a credit history, one option is to ask a responsible parent if you could be added as an authorized user on one of their cards.

However, that individual who was added to your credit card as an authorized user will not have the power to access your money.

You can add friends or family members as authorized users for your card either when you apply or through your online account, although you may be required to fill out this authorized user application form.

You can potentially give your credit a boost by having a friend or family member add you as an authorized user on their account.

The designation of your Administrator and Sub-Users, if any, as your authorized agents to engage in the Online Banking Services for a business Account will be considered the authorization for all other account owners or Linked Customers of that Business or Linked Account.

Does adding each other to the other's card as an authorized user improve our scores?

In the article, I actually did a case study where I added my fiancee as an authorized user to my AMEX Gold card and compared her scores and -LSB-...]

There are clear financial benefits to your child if you add them as an authorized user, as long as the card issuer reports these users to one of the three credit bureaus.

The right of a judgment debtor to accelerate payment of part or all of the death benefit or special surrender value under a life insurance policy, as authorized by paragraph one of subsection (a) of one thousand one hundred thirteen of the insurance law [* see below], or to enter into a viatical settlement pursuant to the provisions of article seventy - eight of the insurance law, is exempt from application to the satisfaction of a money judgment.

Even if you've opened zero cards on your own in the last two years, Chase can still deny you if you've been added to five cards as an authorized user.