Authorized User? I have my mom to co sign on me on an

I have my mom to co sign on me on an auto loan. But because of my good income I give attention to it would be better if I just get added as an authorized user to her credit cards and I shift and apply for the auto loan.

How do I work out getting all of her credit history. Just get added and her history from the credit cards go on my credit report correct? Fill me in please. Thanks

jedimaster is wrong.

When a person is added as an AU to credit cards, they will have the full and complete history of the picture reporting on their reports.

Just be sure when your mom adds you as an AU, to request that it report on your reports. She will have to pass them your SSN.

Also be sure that you are added as an AU and not as joint !

You will have to hang about until the companies update before it starts showing on your reports, which could take a month or so.

edited to make the addition of: once they start showing on your report, you might get a better deal for a coup�� loan through your bank or credit union than you would through the dealer financing options.

second edit:

Well normobrian..Since you utter that they don't list AU's, why don't you contact all of the credit card providers on the upcoming roll and tell them they are wrong in encyclopaedia AU's and listing them with the full history of the picture. I dunno, maybe they will listen to you and quit.

A partial list of different companies that DO inventory AU'S and also list the full account histories on the AU's credit reports (no I'm not conversation about joint, even though they also report cohesive, I'm talking about AU's!):

GEMB
CitiBank
MBNA
HSBC
Bank of America
Amex and Discover does on various of their cards

Third edit.... Yeaaaaa jacob. Just make sure that your mom keep her utilization down on that card and any others that she adds you to.

Another little hint: when you move about car shopping, keep an eye on your reports. If the credit companies verbs more than one inquiry (which they seem to like to do near auto/home loans) contact them and ask them to combine the inquiries into one.

After you have had the saloon loan for about 4 to 6 months or so, try to get your own cards. You can budge to Bank of America, Orchard Bank and HSBC websites and do the card selector that they have. It will not pull a complicated inquiry unless you actually apply for the card that may be recommended.

But, do not apply for anything until after you get your sports car loan. I would also suggest trying BoA first before the other two. BoA will grow with you while the other two won't. In reality, depending on your scores and reports, you might be able to merely bypass Orchard and HSBC and concentrate on better cards

Then after you have your car loan and a couple of your own cards, you can slowly weed out the AU cards, if you want to that is to say.

Most of what I've learned, I've learned from the site I've down (along with the government FTC, FCRA, FDCPA etc sites)

You might check out the credit forum. While some of the forum is used by ancestors who are dealing with baddies on their reports, within are many people who are any building/rebuilding their credit or people who already have excellent credit and are a short time ago looking for the next best rewards card. Many people confer about their experiences with the cards and card companies.

There is also an automotive forum that you might check out. There is alot of adjectives info in there that may aid you when you saloon shopping, apply for loans etc.

All of the info on creditboards is free to use. Plus it is a non spam site. You will not be hit on by people trying to get your business. The owners of the site are extremely strict just about keeping people like that bad of the site.

Yet another edit:

jedimaster -
Of course an AU is on someone else's account.
Of course it is not "his" card.
Of course his "mom" is the one explicitly liable for the account.

No where within jacob's question does he ask about the ramification of USING an account he is an AU on.

From what I have read contained by his question, he is ONLY asking about using the HISTORY on the narrative NOT using the account for purchases !!

It's obvious that you hold totally misread jacob's question since you are talking in the region of him MAKING PURCHASES on his moms card.

uhh...

in a word ...

no...

they are her credit cards, she is the one responsible for making the recompense, so its her credit report. there is nothing transferable. you entail to build your own credit. most banks will issue a card with roughly a $300 limit on it, just inform them that you need it to start to establish credit. that is if you are over 18...

and credit history is confidential even to a spouse...

===EDIT===

in good health...

an AU is nothing more than a person beside a charge plate for SOMEONE ELSE'S ACCOUNT. it is NOT your card. the person with the article, your mom, signed an agreement when she took the card. SHE is responsible for any purchases YOU make, but in the expiration the card company will come after HER not YOU... you and Echo are wrong...

Answer:
just mortal added as an authorized user will do nothing for your credit rating as you are not responsible for paying the bill

I know that the bank I work for issues credit card for authorize buyers but it will not report to the credit bureaus. Since you are only an authorized buyer you are not reasonably responsible for the account. You can be removed from the account at any time. If you want credit history to show on your credit you would own to be added as a joint account holder which system that you will be responsible for the account and all payments, balance will show on your credit. This also means you are not able to be removed from the accounts once you become a communal account holder. You should also consider applying at banks that tender credit card for people with no credit. Some credit cards will show on your credit and it will utter that you are an authorize buyer, but this will not help you build credit since you are not an account holder.
I hope this help you. One more thing don't apply for too many credit cards, I see this every light of day people with no credit trying to build credit and when they are done the hold too many credit cards, this will only hurt your credit.

Actually, reverberate is wrong and the other guy is right. Whatever your mother has done with credit will not show up on your report. Only those cards that you sign onto as a unified user (responsible for payment) will show up on your report. An authorized user is not financially responsible for the debt, and does not get reported.

As for borrowing money at all; it is a desperate idea. If your income is so good, you should liberate up and pay cash for a motor.

If you paid $1000 for a crappy car today and made motor payments to yourself, you could buy a $4000 car in ten months (cash). In ten more months, you could buy an $8000 vehicle, ten more months, you could buy a $12000 car.

If you finance a sports car today, in three years you will own a three-year-old car that you compensated $12000 for and is worth $5000. If you save and move up, you will own a paid-for $12000 car to be exact worth $12000 because it will be brand new. Where do you want to be in 3 years?

The grill is, do you want to make car payments for the rest of your time?