topic Re: Should I? in Rebuilding Your Credit

Should I?

NY_Beauty — Tue, 04 Dec 2012 22:46:06 GMT

Should I remove myself as an AU for this account? Is it helping or hurting me?

GECRB/SAM'S CLUB DC
P.O. Box 965005
Orlando, FL-328965005
(800) 234-7455
Account Number: XXXX Status: PAYS AS
AGREED
Account Owner: Authorized User High Credit: $4,149
Type of Account : Revolving Credit Limit: $5,300
Term Duration: Terms Frequency: Monthly (due
every
month)
Date Opened: 10/01/2006 Balance:
Date Reported: 10/01/2008 Amount Past Due:
Date of Last Payment: 10/2008 Actual Payment Amount: $375
Scheduled Payment
Amount:
$32 Date of Last Activity: 10/2008
Date Major Delinquency Months Reviewed: 23

Re: Should I?

sphinx313 — Wed, 05 Dec 2012 01:50:14 GMT

So it currently has a $4,000 balance or? If it has that high a balance it's probably killing your utilization depending on what kind of revolving credit you personally have. If it has a lower balance then there is no harm in keeping it as long as it stays current.

Re: Should I?

NY_Beauty — Wed, 05 Dec 2012 02:17:47 GMT

It's not mine so I have no control over how he's using it. I do know he is expecting a big bonus in a few months and will probably pay it down then. Since I am an AU I just wondered if I should hang tight or cut it loose. I suspect I will have to cut it loose before long anyway. Your thoughts?

Re: Should I?

sphinx313 — Wed, 05 Dec 2012 02:26:19 GMT

If you expect that you will just be cutting loose of the card soon then just get it over with now and don't benefit/lose because of it. Everything you do should be long term and positive not a hope that it works out.

Re: Should I?

annielorie — Wed, 05 Dec 2012 15:04:21 GMT

Call the CC company and get removed its hurting you alot and as an AU they have to delete from CR

Re: Should I?

NY_Beauty — Wed, 05 Dec 2012 16:52:46 GMT

I called today and had myself removed. I will be following up with a letter. Should I notify the CRA or should I just wait?

Re: Should I?

annielorie — Wed, 05 Dec 2012 17:35:40 GMT

The CC company should send you a letter that they are removing you from account and will notify the bureaus. When you get letter Call and asked it to be emailed send to CRA to have the account deleted. Dont wait on it as you want it removed asap Dont forget to let us know what your score is after it is dleted

Re: Should I?

NY_Beauty — Wed, 05 Dec 2012 18:17:00 GMT

I asked for a letter and they said they would send it to my ex (the account holder) go figure. I followed up with snail mail letters just to confirm my request. :smileyhappy:

Re: Should I?

annielorie — Wed, 05 Dec 2012 18:21:17 GMT

Call them back they need to send a copy to you as it is your report they are reporting on.

Re: Should I?

KevinBlock55 — Wed, 05 Dec 2012 21:51:43 GMT

Date of last payment was 2008. I think you just closed a card with 0% utilization. I dont think it had been used in awhile. The 4k was his highest balance reported, not current balance..

Re: Should I?

NY_Beauty — Wed, 05 Dec 2012 23:11:12 GMT

It doesn't matter. It's not my card. I am not going to stay on someone's card an an AU just because it helps my score. It was an oversight that I corrected.

Re: Should I?

sphinx313 — Thu, 06 Dec 2012 02:32:15 GMT

Well definitely check back with us on the score change if any.

Re: Should I?

NY_Beauty — Thu, 06 Dec 2012 04:16:41 GMT

Will do!

Re: Should I?

Shogun — Thu, 06 Dec 2012 04:22:14 GMT

NY_Beauty wrote:
It doesn't matter. It's not my card. I am not going to stay on someone's card an an AU just because it helps my score. It was an oversight that I corrected.

I like your style. Get your own credit going. I have no problem with AUs, but I believe your own credit and how you treat it is a true example of your credit worthiness.

Re: Should I?

annielorie — Thu, 06 Dec 2012 20:23:53 GMT

Shogun wrote:
NY_Beauty wrote:
It doesn't matter. It's not my card. I am not going to stay on someone's card an an AU just because it helps my score. It was an oversight that I corrected.
I like your style. Get your own credit going. I have no problem with AUs, but I believe your own credit and how you treat it is a true example of your credit worthiness.

+1000