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eabscb · Joined: 23 Feb 2008 Posts: 9 3.77 Dollars($)

I'm an authorized user on two credit card accounts, and have been making the payments for a few years. All is reflected as such on credit reports. Do those payments count in DTI? Thanks!

banker0679 · Posted: Tue Feb 26, 2008 10:56 pm Post subject:

No it doesnt, but you will need to show proof that they're not your account. Most lenders will require documentation from the creditor (Statements or letter)

Samantha

Right banker, it doesn't affect because the poster is an authorized user on the credit card accounts. And, the new model of FICO score does not include authorized user information into account. Therefore, the debt to income ratio which includes calculation of total debt and income ratio of a borrower does not consider the credit performance of the authorized user.

Hope this helps...

God bless you.

Samantha

eabscb · Joined: 23 Feb 2008 Posts: 9 3.77 Dollars($)

Sorry for my ignorance, but when did (does) the new FICO model go into effect? Is the account information supposed to even be reflected on the credit report? Or, does the new model only effect calculations? Thanks!

gmakerley · Posted: Wed Feb 27, 2008 10:51 am Post subject:

i cant answer the last question, but i will concur that your debt ratio will not be affected by the monthly obligations on those cards.

in my shop, and in others i have worked in, we use the information from the credit report showing that you are an authorized user to eliminate those debts from consideration, without getting additional documentation from you.

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DTI Calculation - ???