Will the bank change my interest rates if and when the Authorized User credit cards fall off my credit report?

Once you finalize a loan with a bank or credit union, the financial institution is contractually bound to honor the terms of that agreement. That means your rate cannot be changed simply because you are no longer an Authorized User on an account as long as the loan processing has been closed. However, if the tradelines fall off of your credit report before the loan has closed, the terms may be changed based on the standard policies of the financial institution to which you applied.

Powered by BetterDocs

Leave a Reply

Your email address will not be published.

WITHIN JUST 90 DAYS

PAST CLIENTS SAW A 129 POINT
CREDIT SCORE INCREASE

SEE OUR PRICING PLANS

FREE CREDIT REPAIR CHEAT SHEET

WAIT! BEFORE YOU GO

DID YOU KNOW…

NEGATIVE ACCOUNTS CAN BE REMOVED EVEN IF YOU DIDN’T PAY

AFTER PAYING A NEGATIVE ACCOUNT, IT WILL STAY FOR 7 YEARS

YOUR CREDIT SCORE WILL DROP AFTER PAYING A NEGATIVE ACCOUNT

FREE CREDIT REPAIR CHEAT SHEET