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College and University Discussion
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]My anecdote I am "only" an AU on my DH's cards, and the mortgages we currently have are all in his name, and our cars are all cash. My TransUnion Credit Score is Excellent and has increased over the past 2-3 years even though I don't have any primary accounts in my name. [/quote] Please be aware that this could be a problem for you if he dies first. You may not have access to the accounts from death until after probate. You need to be a primary holder on at least one account with sufficient cash to live on for a year.[/quote] +100 when my dad died last year, mom lost the use of the main card they used because dad was the account holder. Fortunately, she did have a card in her name that she could switch to. Spouses really need to have their own cards, even if you only use one actively.[/quote]
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