Credit Cards

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
Established Member
SCAREDCROW
Posts: 27
Registered: ‎10-12-2007

Authorized User on Card with High Balance

Options

‎03-12-2009 08:37 AM

I am an AU (Authorized User) on someone's card that now has a very high balance.  I've got my own credit and really don't need this AU card.  Now, my scores are being negatively impacted, because of the high balance on that card.  If I am removed as an AU on that card, will that card AND it's associated balance be dropped from my report, and improve my score?  If anyone has information or experience with this, I would appreciate your input.

Message 1 of 2 (444 Views)
 
Reply
Moderator Emerita<br>Community Leader<br>Epic Contributor
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,112
Registered: ‎04-01-2007

Re: Authorized User on Card with High Balance

Options

‎03-12-2009 10:19 AM

Yep, get it off of there.

Some banks will allow the AU to call and ask to get off the card; others require the cardholder to do so.

Once removed, it should disappear from your reports the next time that it normally updates. AmEx seems to stay on reports, which is bizarre, but it shows that it is canceled and doesn't report a balance.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 2 of 2 (428 Views)
 
Reply

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+