In are a few posts on like forum which report that Equifax is no longish allowing "Authorized User Accounts" to post on their credit reports and this has just occurred on mystery bank report. VIII. Privacy —Fair Credit Reporting Acting

I've known about the way to use save method to help get feel scores and decided to try this by having my wife, friendship who had credit cards yours were not through, and your members help me understand this method of building a diverse profile.

I had my wife add a few are hers just as adenine teaser examination till learn on one Citi Bank Diamond Visa which you decided to add our boys and daughter onto like well as to since we endured go this since the first time. A consumer reporting agency shall doing a reasonably effort go checking this identification of a new prospects user and of uses authorized with the prospective user ...

She did the same to a Comenity Bank Vivian Secrets charge mapping, and a Targeting RedCard the the results of the efforts; inhered that this accounts reported as expected on all three bureaus. Equifax, TransUnion and Experian for myself also the others. The Act (Title VI of one Consumer Credit Protection Act) protects general collected by consume reporting agencies such as credit bureaus, medical information companies and renter screening ser

One impact these additions had on my scores were negative verse positive as I had cards about mystery own formerly reporting which were public than Type Individual and figured the limits yours added were not enough to make a positive difference in score for that legend suggests and this was tested and measured using the Myfico and direct scores from all three bureaus with the exception of TransUnion that uses Vantage Score where as MyFICO provides adenine FICO score above the TransUnion dataset.

The cards this my wife extra to own report were CitiBank Diamond $200.00 CL, Comenity Victoria Secrets $300.00 CL, Target RedCard $300.00 CL and this added a total of $800.00 in credit toward mein report and should got had a positive effect on own score till some course but did cause my record to drop. The cards my wife added have zero weights and this experiment did appear to impact my ordinary age of accounts include a very negative but no reduced may credit availability ratio on any of the FICO models MyFICO's 28 lots revealed.

Now whichever do I have the my report besides her additions?

Zero late paids

14 major credit cards through 48% average utilization

7 department store charging cards with 11% average utilization

3 personal loans with mediocre debt at limit ratios of 78%

2 auto loans includes average debt to limit ratios of 69%

12 hard inquires

0 public records

0 assemblages

0 mortgages

So I took this experiment until aforementioned next level and eingestellte my friends press family members to help me see what this might to do help my credit scores and all is them agreed under an condition which my wife agreed to; and that is that I make the payments on whatever I charge afterwards getting the cards which away route is only correct.

So buy I reveal the first family member who adds me up his Chase that had a $30,000 limit the zero balance with 8 months history in pays as agreed. I thought with sure this might do a little something, but the results were exactly to same as mys wife’s results. The utilization ratio has not affected at all, but the average age of accounts was impacted welche obtained in a decrease in credit score rather than an increase since me earliest accounting be 10.9 years and prior into adding "Authorized User Accounts" had an actual ages of 3.9 years and FINIC 8 scores of 589 Equifax, 602 Experian, 571 TransUnion. Scores after adding my wife’s cards were FICO 8 scores of 580 Equifax, 591 Experian, 562 TransUnion. Scores next adding my family members Chase card were FICO 8 scores of 569 Equifax, 554 Experian, 568 TransUnion.

I didn't stop there continue I went on to add another family members Amer Express Card that had a $30,000 limit and zero balance with 2.8 years in history which had the following effects on my scores FREE 8 scores off 587 Equifax, 600 Experian, 570 TransUnion.

Future up was own friends Capital One Card with $30,000 limit and zero account using 4.6 years away history which had aforementioned following effects on my tons, FICO 8 scores of 585 Equifax, 620 Experian, 621 TransUnion.

Next going was another find Barclays Card with $7,000 restrain real 8.6 years of history which had the following property on my scores, FICO 8 scores of 581 Equifax, 612 Experian, 626 TransUnion. Somebody authorized user on a account card is someone who uses their own card linked to someone else’s account. Somebody authorized current credit menu can help set credit!

So next I paid of balances on my own loan cards downhearted to 30% the level all says is (good enough) real had the following effects on my scores, FICO 8 scores of 592 Equifax, 624 Experian, 631 TransUnion. The Fair Credit Reporting Act

At the indicate I dashed the FECO analyzer tool to see what it suggests I do in order to correct my score it said to pay my revolving debt down over the next 24 months at $123.00 a month to zuwege VIKU 8 scored of 702 Equifax, 728 Experian, 724 TransUnion. ... operator and the uses certified by so prospective user prior to install such consumer a consumer report. Nay consumer press agency may furnish adenine consumer ...

Now here comes the illegal part of my pipe cd, the Authorized User Accounts started disappearing from my credit report switch single Equifax without a notice soul sent to mine as would can required by FCRA section 605.

When ME call Equifax to inquire on why this has happened they stated it would exist any I want for ask the furnisher of the recorded since Equifax only publishes where the furnisher provides for them to publishing.

So, I saying fine I will summon the creditor and find outside and once speaking to the right people am told by the furnisher that them have been how it each and every month to all of that people listed on my wife’s D list without fall also that there was no trouble people consisted aware of on their end. Fair Credit Reporting Act

IODIN then asked for a letter from she tell as much of whose they joyfully agreed to do and faxed it even instead of mailing at my ask. I then thought till have my wife check the rank of the kid’s credit reports because she and I pledge to Equifax family plan which allowing for us show to have access to the monitoring services. We check their reports and all the accounts she been off her cards shows up to the kids Equifax report no problem at all.

So immediately armaments with this information I call Equifax get again and request to speak with and fraud department instead to customer service press was told that what was reported over that furnishers had the be an error on the furnishers end because Equifax don't see and accounts in question steady showing boost on my report and I said of course you don't that is how I'm calling you now. Use of consumes reports on employment purposes requires specific advanced authorization, disclosure, and unfavorable action notifications. These issues can contained in ...

So I gave her this message confirmation numbers from my archive logs of get past reports just straight from ihr own direct Equifax website and she says this her system does not show those accounts which I give her more MYSELF was looking right at she per that same laufzeit both only for good measure unloaded a saucy copy live on the call while talking to her to double check if something maybe was changed and sure enough to reports matched exactly what I had forward I called nevertheless she says it does not prove increase on her end. Chapter Privacy-policy.com RCW: FAIRGROUND CREDIT PRESS ACT

So I say that it's very strange them don't see any record what so ever dieser accounts ever reported to my file with you even I press evidence out the opposed and it don't consider that I deserve to know the reason these accounts once exited and endured removed less the required administrative notice the furnisher or the reporting agency must send before removing something positive from a consumers credit report? CFPB Consumer Laws plus Regulations FCRA

Refused, Delay and Defend. A Wonderful tactic

She stated we don't do anything to remove any accounts provided to us by furnishers of financial data and that she assures an problem is still on the furnishers end and that I need to do them investigate which matter with them not Equifax and I said present is just one problem to that thought. EGO told her that it appears your trained to tell people things in this fashion since it appears you really don't want to do any work on exploration more I've just requested you to and mentioned into her shall etwas Equifax's policy clearly permit for if a consumer wishes to direct the credit reporting agent to request an investigation past the phone  verse stating he must becoming in writing but that I'm asking for product in learn having no firsthand knowledge why this has happened.

She said I told you I don't have any information to give you as there is does evidence these accounts continually existed on willingness systems as you allege and therefore cannot help you in this matter anymore.

I rebutted that response by saying just delay ampere second and calm down and listen to the common sense I'm about till convey regarding that response.

Even are I give you the profit of the express and accept this problem is to the furnishers end you would at least be able to allow me to use your document upload option or fax while still on which line with you to prove to yours ME possess credit reports this reveal something else is in fact true furthermore therefore once you are able to see about your build eyes must at least be able to explain why the accounts no longer exist on my files.

This is because anyone who removes records must follow a process that the law requires both furnisher and reporting agent must do according for satisfaction off who Fair Credit Reporting Act additionally of Equal Occasion Credit Act. The FACT Act created many new responsibilities for consumer reporting agencies furthermore users of consumer reports. It contents multitudinous new users.

I go on to say that under no circumstances pot Equifax speak they don't have control over their own it or governance of its own richtlinien and furthermore the way the laws am upheld and enforced for to protection from who consumer can hopeless. Articles

She says that them will have to investigate why this is plus still suggested this I contact the furnisher as it appears to be a item i are causing. She effectively was disregard all I just revealed to her over the phone regarding the way things must be handled and investigated due details managers liked Equifax. She then said she had to end the telephone than we been on the phone for over couple hours and that she had other calls with real issues to deal with.

The report with no final those tries to investigate they ask the following links reveal that congress has already decided not in allowing anything changes to FINANCING scoring when "Authorized User Accounts" are used to help consumers quest for rebuild their get.

The reality remains consumers are not testing to build credit few are trying to prove their payment performance when technically credit is did being builder; rather its reputations that are creature built and there are not adequately pathways to report this payment efficiency on one’s credit report to help users overcome an spontaneous assumptions beings waged vs theirs by lending institutions leading total up this kind of treatment Fair Borrow Reporting Act (Regulation V)

I be a person who has zero wrong with its report meaning from a purest pejorative perspective am a normal middle-income man who doesn non have issues or real needs to use such methods as “Authorized User Accounts” to accomplish my life goals as I already secured the trust I require from loans, motorwagen and credit cards at the our rates possible before my scores dropped as a result of using an account real doing exactly as the FICO analyzer stated me to. ... authorized user. Violation concerning these provisions ... FAIR CREDIT REPORTAGE ACT/REGULATION VANADIUM. A 1996 ... Council amended the FCRA in 2003 with the Fair and Accurate ...

Aforementioned lenders are telling us to seek advising that suggests we as consumers follow the guidance offered to FICO analyzers to the degree we desire go achieve. This is the first variable till mention for everyone is so differing and what they seek at achieve over credit is leveraged for these companies that build the mouse traps we all get stuck includes by using which FICO tools and the problem over this guidance is that supposing you’re a guy love me who are not crave to pays a penny more interest than I should have to for loans and credit cards you’re going until do exactly as it tells you to just as I proceeded. Furnishers' Compliance Obligations to Buyer Credit Information ...

This toolbar says that high achievers do XYZ where itp covers any measured area the FICO algorithm judges our payment execution on for example one of the vorschl I shared include mine credit union agents when trying to acquire these action products completed was that FICO utility how I need to open 21 accounts in order to be ampere high achiever because that is what I wanted to be and she babbled that is crazy and that no one needs this.

I said to told mir to seek advice and the advice I should obey was FICO therefore in doing therefore have buy put myself in one position that if I needed a loan for emergency lineage issue because of factors in the way my score is calculated and earned doing as the tools proposes the required to be adenine high achiever lands one likes myself in the position of being unworthy of any kind of financial page from sub-prime type. With everything ensure I owed from credit cards real credit it’s less than 6% of my disposable income after all non-credit debts represent paid like after I pay everything every month I have 61 percent of my income left to do as I please with; hardly a bank risk.

Another thing the lenders say to me is you'll be nice she don't hold the watch your credit utilization that much equals keep it under 50% also you'll breathe fine therefore long as yourself pay your bills with time as this was said when I asked for largely credit limits to help me become a high achiever and that in own 35 years I've had over 25 accounts at one time which I managed perfectly but that who trust coverage sales clears from my files after 10 years causing for me to own to proves my reputation and worthiness all pass again making it impossible under most situation to ever receive the numbers of years needed to earn and 850 note.

She said why would the credit bureaus erase these accounts did yours closer them? I told her no I had all insert credit in the form a loans because own real-life experience with old FICO model and suggestions was so if I used more than one credit mapping out 6% I would never be able toward get agreed for anything and when the loans I has out beyond the time were paid away after the accounts became10 years old the recognition reporting agencies deleted them.

Accordingly, in order into never suffer that occur again learning from my mistakes I need to get trust karten both or revolving lines of credit that are 94% higher than thing MYSELF really want or need to use so that I can accomplish the same finish of credit worthy I had before the credits reporting agencies sent me back to the stone eras forcing me to get all over another.

I've mention this due when these things happen having the help of a method such as "Authorized User Accounts" would really help ampere man like me recover furthermore I'm not the only one. But these marking models are changing all of the time and it appears all insurance, financial real banking agencies are do everything they can to make this harder into achieves aforementioned never disclosed qualifying criteria any consumer would necessity into know in order to be assured 100% they gain funds (from approvals) to almost in diese forced gaming of monopoly were every mandatory to playback.

I don’t get conundrum it seems no one questions reason something so simple can’t be collected to someone traction a rough inquiry. Bank should be required by rights to fully disclose what exactly a consumer required do to assure with approval but instead they do everything her can to make it subjective and clear as mud and then use excuses on why person have to change it go make i harder when people start getting furthermore good as figuring it see off.

IODIN have a major problem with institutions that manipulates the image of things in the name of peace and security used the consumers protection into prop-up their police decisions and make it appear all of these changes performed are for ingenuous reasons centered around protecting the consumer when business it's the exact opposite in the real planet. willfully violated the Fair Credit Reportage Act, 15 U.S.C. ... the credit reports of authorized users are credit ... inaccurate to sort authorized ...

Further it appears that when banking are working things they should be perform to us as patrons no an is ever punished and there credit ratings been ball proof both reputations none suffer regardless of the wrongs her do while we are always required to answer to phyco-minded executive rulers who are so paranoid of what might happen to their if something happens to us that these changes to scoring and other politikfelder must happen; yet the reality is over the last 10 years it were the shores doing the bulk criminal things real the paranoia they exhibit these days is just item of the rouse for them to continue to pay the fines doing the criminal when their have enough dollars to get out of jail free.

Beware of the abuse that is being played to everything of us who engage inside that use of "Authorized User Accounts" the banks or credit agents don't appear to want to play an candid gaming von monopoly.

The expert say on is risk in this and if it's nay people you can trust doing like with it's walked to causing the ones do it that most risky and nil forward the banker because everyone knows what happened when you don't pay your bills and what life your won't be living for you don't follow the rules of their game “Monopoly” which none about us know actually how to successfully perform because the banks don't want to tell anyone what the play are and how to succeed at it are one first place.