Credit Card Trade Lines
How The AU Process Works
IDS adds your name as an Authorized User (AU) on one of our high limit, low balance credit cards which has a long and perfect payment history. An AU is someone who cannot use the account, make any changes to it, nor do they have the responsibility to repay any balances that might be owed.
The original intent of the AU was to give Primary Cardholders the ability to add their children, spouses, friends or employees to their accounts so they could have access to the available credit. A coincidental benefit occurs during this process whereby the account history for that credit card appears on the AU’s (your) credit report, and it looks like that credit card’s history has been there since the account was first opened. This “coincidental benefit” gives you an immediate FICO® credit score boost.
While you do not receive the physical card or ability to use the credit line, you will receive the amazing benefit of having that particular credit card “copied and pasted” on to your credit report. This extreme increase in the limit to balance (utilization) ratio and overall average age of the revolving accounts on your credit report gives you the biggest possible FICO® score boost in less than 60 days; and it’s guaranteed!
Care to learn more about AU accounts? Click here for more information.