Sentences with phrase «consider authorized user accounts»

Starting this September, according to Craig Watts, public affairs manager, the updated version of the FICO software available to lenders — the «FICO» 08» model — will no longer consider authorized user accounts in computing credit scores.

Not exact matches

If you're considering including an authorized user on your credit account, you'll want to know the truth about the following five myths first.

The Federal Reserve's Regulation B, which implements the ECOA, requires that information on «spousal» authorized user accounts be reported to the credit bureaus and considered when lenders evaluate credit history.

Despite any trust that you may have in your former spouse, you should definitely consider removing them as an authorized user on any accounts that you own.

When you're an «Authorized User» on a credit account, it means that you have access to the account but that your credit was not considered in the account's initial approval.

So, Kevin and Eli, now that you probably know more about piggybacking than you ever thought you would, you may want to simply consider the authorized user option as an easy - to - implement, minimal - risk way to build or rebuild credit — whether or not you intend to use or help manage the account — and with an easy way out, should the relationship go bad.

Instead of co-signing for a new credit card account, you may consider adding your child to one or more of your existing credit cards accounts as an «authorized user.»

Do they consider account you're an Authorized User on as a new account?