topic Re: Removed AU, will it improve my score? in Credit Cards

Removed AU, will it improve my score?

vaupinya1 — Sun, 05 Aug 2007 01:18:16 GMT

I'm an authorized user on my brother's credit card. His balance is about $7200 and the credit card company closed the account when he called to make payment arrangements. If I have all CA remove this AU, do you think my scores will increase?

Re: Removed AU, will it improve my score?

fused — Sun, 05 Aug 2007 01:34:27 GMT

vaupinya1 wrote:
I'm an authorized user on my brother's credit card. His balance is about $7200 and the credit card company closed the account when he called to make payment arrangements. If I have all CA remove this AU, do you think my scores will increase?

I'm a little confused with your post. The CC is closed with a balance, right? Was the account sent to a CA (collection agency)? FYI you are not responsible for one cent of this balance.

Re: Removed AU, will it improve my score?

vaupinya1 — Sun, 05 Aug 2007 02:29:08 GMT

This account appears on all 3 of my reports and I know that I'm not responsible, but feel like it hurting me. I have disputed this with all CA. This account is not in collections.

Re: Removed AU, will it improve my score?

Tuscani — Sun, 05 Aug 2007 05:18:19 GMT

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&thread.id=4008

Re: Removed AU, will it improve my score?

vaupinya1 — Sun, 05 Aug 2007 10:44:51 GMT

Yes, it closed with a balance and was not sent to collections. The account appears on my reports as though its my account. I just learned from this site that I could have it removed!

Re: Removed AU, will it improve my score?

Revike — Sun, 05 Aug 2007 16:27:31 GMT

vaupinya1 wrote:
Yes, it closed with a balance and was not sent to collections. The account appears on my reports as though its my account. I just learned from this site that I could have it removed!

Have your brother call the CCC, request that they remove you as an AU on that account, and request that they cease reporting that account to the CRAs as belonging to you. Once you have been removed as an AU, if the account keeps showing up on your CR, dispute it with each CRA.

Message Edited by Revike on 08-05-2007 09:27 AM

Re: Removed AU, will it improve my score?

fused — Mon, 06 Aug 2007 19:04:30 GMT

Dispute it with the CRA as not mine.