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SVTPerformance's Chain of Restaurants
Road Side Pub
N/A credit score.
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<blockquote data-quote="13COBRA" data-source="post: 15575853" data-attributes="member: 138337"><p>That is a legit reason. Once you are added to someone's credit card, you also obtain their debt. If your income doesn't support the debt, your debt:income ratio will render you unable to purchase not only a house but also a car.</p><p></p><p>Why would a bank loan you money if your debt obligation is already at or above your threshold?</p><p></p><p></p><p></p><p>I'm not sure how that's not a legit reason? If the credit card doesn't report on your bureau, it doesn't do you a damn bit of good to be an authorized user on the account.</p><p></p><p></p><p></p><p>Again, when did I tell you that it 100% would not work? I didn't. Again, who said I've never heard of doing that?</p><p></p><p>Did I say that your advice is false, or did I say that it could not be the smartest move for the OP? The latter. Luckily for you, if he gets his girl to add him on her credit card, turns out it kicks his debt:income and makes him ineligible for a new loan....you can hide behind your keyboard and say "sorry", or even better, just pretend it didn't happen; unfortunately in the real world I morally can't do that.</p><p></p><p>I sit and talk to people weekly that are in the same position. If we can go through the whole scenario and his girl pays her card off every month, doesn't carry debt, etc...then yeah it'd work out. His score wouldn't be stellar, because some bureaus count an authorized user account as opening the day they are added, while some count when the actual account was open.</p><p></p><p></p><p></p><p>Someone like me, eh? Your trolling is weak. Again, I don't care about your financial position, how you had to ask your parents to add you to their card, etc.</p><p></p><p>You gave advice, I gave advice; OP can choose to do what he wants.</p><p></p><p></p><p></p><p>Some cards do it that way, some don't. Some there must be a complete app filled out, just as if you were taking out a joint account. Again, some report as if you had been on the card from the beginning, while others start counting when you are added.</p><p></p><p>A recently opened account, no matter how well paid, will not score the same as a 5 year old account with the same pay history.</p></blockquote><p></p>
[QUOTE="13COBRA, post: 15575853, member: 138337"] That is a legit reason. Once you are added to someone's credit card, you also obtain their debt. If your income doesn't support the debt, your debt:income ratio will render you unable to purchase not only a house but also a car. Why would a bank loan you money if your debt obligation is already at or above your threshold? I'm not sure how that's not a legit reason? If the credit card doesn't report on your bureau, it doesn't do you a damn bit of good to be an authorized user on the account. Again, when did I tell you that it 100% would not work? I didn't. Again, who said I've never heard of doing that? Did I say that your advice is false, or did I say that it could not be the smartest move for the OP? The latter. Luckily for you, if he gets his girl to add him on her credit card, turns out it kicks his debt:income and makes him ineligible for a new loan....you can hide behind your keyboard and say "sorry", or even better, just pretend it didn't happen; unfortunately in the real world I morally can't do that. I sit and talk to people weekly that are in the same position. If we can go through the whole scenario and his girl pays her card off every month, doesn't carry debt, etc...then yeah it'd work out. His score wouldn't be stellar, because some bureaus count an authorized user account as opening the day they are added, while some count when the actual account was open. Someone like me, eh? Your trolling is weak. Again, I don't care about your financial position, how you had to ask your parents to add you to their card, etc. You gave advice, I gave advice; OP can choose to do what he wants. Some cards do it that way, some don't. Some there must be a complete app filled out, just as if you were taking out a joint account. Again, some report as if you had been on the card from the beginning, while others start counting when you are added. A recently opened account, no matter how well paid, will not score the same as a 5 year old account with the same pay history. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
N/A credit score.
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