Reply to Adding 18 year old as authorized user on credit card - yay or nay- for building their credit score

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'll have to look into it.  I added my son when he was 16.  He's been used it through high school and college and he just graduated from college.  He doesn't have any credit cards of his own yet and uses a debit card for his personal charges.  I'll report back on whether it made any impact on his credit.[/quote]

PP here. OK, I just ran a credit check on my son who has been an authorized user on my card since he was 16 (22 now).  He has a credit rating of 756 and it shows a total debt of $11K (which is our current AMEX balance).  I guess he does have credit!!  This was not what I expected to find.
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So your debt is reflected on his report? That may not advantageous when he needs a car loan on his own, as his debt to income ratio will be affected by your debt.[/quote]

This is one of the reasons the CC the kids were on as "authorized users" with me was a new card specifically for that purpose.  I don't charge to it, only the kids use it.  And I pay it off frequently so there is never more than 25% usage shown[/quote]

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