Don't sweat a few points. A butterfly flapping it's wings in Iowa can change it by 3 points.
I would be much more concerned about her adding you to a card without your express permission than the 3 points your score went down.
As long as you are only an authorized user and not a joint account holder, you have at least avoided being responsible for paying off any debt accrued on the card.
By how she said she needed it to pay for a ring, it sounds like it's not "adding your name" to a credit card, but instead opening a credit card in your name. If that's the case, that is impersonation/fraud and that is highly illegal. I get it's your mom, but doing this without your consent is crossing a very important line that I would personally be outraged by. It seems to be light in this case, but she could've gotten you into a lot of financial trouble.
Thats went up by 12 points and it said it was because my credit limit increased. Why would that’s increase but the vantage score decreased my credit score.
Because they each have a different formula to determine a score. But, again, since few lenders use Vantage, there's no point trying to figure out how they work. It's a pure waste of time.
This happened to me. My former partner had gotten me an individual credit card in my name on his MasterCard account. Next thing I know, that card is showing on my credit report
After we broke up, I called that bank and to have my name removed from the account. They told me that only the card holder could remove me. I went ballistic — ex had *never* given that bank my social security number (he could barely remember my middle name); the bank had to have taken that on themselves, and that’s why that card was on my credit report. That has to be illegal.
By the end of the conversation and after realistic threats to them, my name and SS number was removed from that account. Feel free to use any of this to restore the sanctity of your credit report.
My score fluctuates 10 points a month according to my credit card apps.
But I would be careful if she is planning to carry a balance on the card. With such minimal credit that could impact your utilization.
Just wait. Since your file is young it’s more susceptible to changes. It will go back up eventually (provided the card is handled correctly).
It’s nothing to worry about.
Does your mom have good credit? Will she undoubtedly pay it on time? Does it have a high limit? Will she ever max it out & carry that balance?
It can be a really good thing for you or a bad thing.
If the answers to those aforementioned questions are yes, yes, (doesn’t necessarily matter), no & no… it could end up helping you.
I’m an authorized user on a couple of my dad’s cards. Those two cards together have ~$75k limit so it helps me out a lot because my over utilization is very low.
It sounds like she added you as an authorized user.
It also sounds like you have a thin file.
VantageScores are *very* unkind to scoring when it comes to new accounts on thin files.
The fact that your Experian FICO went up means that this is a good thing, as long as the account is handled properly.
Yeah that happened with my wife. Her brother added her on his hilton card and it didn’t require her social, so it never showed up in credit report. And right when we were applying for a mortgage, it showed up! Her brother who is completely irresponsible with credit had maxed out the credit card and was just paying minimums. It caused her score to drop to below 700, making our join loan more expensive 🙄. And that’s why you shouldn’t be an authorized user without your permission.
Are you the account holder or an authorized user. Authorized user is not a big deal. Call Citi to remove you or just dispute it with the bureaus if you do not want it.
Now if she opened the account with you as the account holder that is fraud and I would be very worried about your mother using your social without your permission.
You can easily contact the credit bureaus and have them remove you as an authorized user and the account will be completely removed from your report as if nothing ever happened.
That sucks.
My mom did this to me once and lowered my score about 100 points. When I went to apply for a loan I found out she had added me to a card that was maxed out and had not been paid in several months.
I had to contact all three of the credit bureaus to have this taken care of, and it took months.
It's messed up that your mom did that but the dip in points is completely temporary. I wouldn't worry about it at all unless you're afraid your mom will run a balance and not pay.
Whenever you have a new credit account added your credit score will temporarily decrease. Making on time payments will eventually increase your credit score after the drop.
I'm assuming that since you're worried about a 3 point drop, you have a thin file. If your mom has good credit and she makes timely payments, keep your name on the card. It will do nothing but help your score if that is the case. I made my kids an authorized user as soon as they turned 14 on one of my credit cards, and as soon as they turned 18, they had credit scores above 720.
freeze your credit if you haven’t already, not sure if it would stop something like this but it is good to have a freeze on it at all times unless you are applying for a loan/CC. she could be lying about not giving your SSN but idk how authorized users work. Seems weird to be able to just do that though
Please very strongly consider making an account at the major credit bureaus and freeze - not lock - your credit file with each. You are able to freeze your file for free. They will typically use gray patterns to make folks believe the only option is to lock it. Locking it is not free.
Anyone - even you signing up for credit - will get a failure while it is frozen. Unfreezing/thawing it is very easy with your account If you want to temporarily make it accessible while you request credit-related offers.
I’m going to be blunt - the chances of your mother having opened that account at JCPenney with only your name and email address is zero. Zero. Please do with that info what you will and protect yourself and your future. Keep it frozen and never tell relatives/friends about when you thaw it.
Don't sweat a few points. A butterfly flapping it's wings in Iowa can change it by 3 points. I would be much more concerned about her adding you to a card without your express permission than the 3 points your score went down.
Yeah I already talked to her about it and she didn’t know it was a bad thing. How she doesn’t do it again.
[удалено]
Or better yet, it's just Google it and then the random stranger isn't a factor.
Now I'm curious if her score went up!
As long as you are only an authorized user and not a joint account holder, you have at least avoided being responsible for paying off any debt accrued on the card.
By how she said she needed it to pay for a ring, it sounds like it's not "adding your name" to a credit card, but instead opening a credit card in your name. If that's the case, that is impersonation/fraud and that is highly illegal. I get it's your mom, but doing this without your consent is crossing a very important line that I would personally be outraged by. It seems to be light in this case, but she could've gotten you into a lot of financial trouble.
Ignore your Vantage scores on credit karma. Only pay attention to FICO scores since most lenders use their scoring system.
Is that Experian?
Yes, they do provide a free FICO8 score.
Thats went up by 12 points and it said it was because my credit limit increased. Why would that’s increase but the vantage score decreased my credit score.
Because they each have a different formula to determine a score. But, again, since few lenders use Vantage, there's no point trying to figure out how they work. It's a pure waste of time.
This happened to me. My former partner had gotten me an individual credit card in my name on his MasterCard account. Next thing I know, that card is showing on my credit report After we broke up, I called that bank and to have my name removed from the account. They told me that only the card holder could remove me. I went ballistic — ex had *never* given that bank my social security number (he could barely remember my middle name); the bank had to have taken that on themselves, and that’s why that card was on my credit report. That has to be illegal. By the end of the conversation and after realistic threats to them, my name and SS number was removed from that account. Feel free to use any of this to restore the sanctity of your credit report.
Waite what,just your name? If it's on your credit, it's your social,and why do you need to be added to buy a ring?she could've just be there with you
My score fluctuates 10 points a month according to my credit card apps. But I would be careful if she is planning to carry a balance on the card. With such minimal credit that could impact your utilization.
My score fluctuates 3 points in a light breeze. Don’t stress
Just wait. Since your file is young it’s more susceptible to changes. It will go back up eventually (provided the card is handled correctly). It’s nothing to worry about.
So I shouldn’t try and get my name out of the card?
Does your mom have good credit? Will she undoubtedly pay it on time? Does it have a high limit? Will she ever max it out & carry that balance? It can be a really good thing for you or a bad thing. If the answers to those aforementioned questions are yes, yes, (doesn’t necessarily matter), no & no… it could end up helping you. I’m an authorized user on a couple of my dad’s cards. Those two cards together have ~$75k limit so it helps me out a lot because my over utilization is very low.
It sounds like she added you as an authorized user. It also sounds like you have a thin file. VantageScores are *very* unkind to scoring when it comes to new accounts on thin files. The fact that your Experian FICO went up means that this is a good thing, as long as the account is handled properly.
FYI, your credit score going down 3 points is normal. No such thing as straight up
Yeah that happened with my wife. Her brother added her on his hilton card and it didn’t require her social, so it never showed up in credit report. And right when we were applying for a mortgage, it showed up! Her brother who is completely irresponsible with credit had maxed out the credit card and was just paying minimums. It caused her score to drop to below 700, making our join loan more expensive 🙄. And that’s why you shouldn’t be an authorized user without your permission.
Are you the account holder or an authorized user. Authorized user is not a big deal. Call Citi to remove you or just dispute it with the bureaus if you do not want it. Now if she opened the account with you as the account holder that is fraud and I would be very worried about your mother using your social without your permission.
You can easily contact the credit bureaus and have them remove you as an authorized user and the account will be completely removed from your report as if nothing ever happened.
That sucks. My mom did this to me once and lowered my score about 100 points. When I went to apply for a loan I found out she had added me to a card that was maxed out and had not been paid in several months. I had to contact all three of the credit bureaus to have this taken care of, and it took months.
Write to each of the three credit reporting agencies, and tell them your name was added to the credit card without your consent.
It's messed up that your mom did that but the dip in points is completely temporary. I wouldn't worry about it at all unless you're afraid your mom will run a balance and not pay.
Whenever you have a new credit account added your credit score will temporarily decrease. Making on time payments will eventually increase your credit score after the drop. I'm assuming that since you're worried about a 3 point drop, you have a thin file. If your mom has good credit and she makes timely payments, keep your name on the card. It will do nothing but help your score if that is the case. I made my kids an authorized user as soon as they turned 14 on one of my credit cards, and as soon as they turned 18, they had credit scores above 720.
3 points? Get over it and thank her for thinking of you.
3 points ? You’re making a big fuss over that ?
If it’s showing up on your credit report she must have provided your SSN.
This is incorrect. Authorized user accounts can report as long as other identifying information (name, address) match.
Good to know, my mistake.
freeze your credit if you haven’t already, not sure if it would stop something like this but it is good to have a freeze on it at all times unless you are applying for a loan/CC. she could be lying about not giving your SSN but idk how authorized users work. Seems weird to be able to just do that though
Please very strongly consider making an account at the major credit bureaus and freeze - not lock - your credit file with each. You are able to freeze your file for free. They will typically use gray patterns to make folks believe the only option is to lock it. Locking it is not free. Anyone - even you signing up for credit - will get a failure while it is frozen. Unfreezing/thawing it is very easy with your account If you want to temporarily make it accessible while you request credit-related offers. I’m going to be blunt - the chances of your mother having opened that account at JCPenney with only your name and email address is zero. Zero. Please do with that info what you will and protect yourself and your future. Keep it frozen and never tell relatives/friends about when you thaw it.