User of Card in wife's name.

[Anonymous]

Hi, everyone. I have a question about a CC account that shows up in my CR. The card is my wife's and I'm just an authorized user on the account. I f I remove it will it help my score? My score watch says revolving balances are too high. This card has a limit of $9,500 and is $8,000 right now. I have 2 other cards that are 80% usage and 2 that are less than 50% usage. Thanks for the help! 

[haulingthescoreup]

Hi, welcome to the forums!

Yes, it will probably help, although since you have two other maxed-out cards (= 80%), it might not make that much of a difference.

[Anonymous]

Thanks. Working on paying those down too! Any other opinions?

[MarineVietVet]

I agree with HTSU that it might help but it's hard to say before the fact. What you can do is remove yourself from this account and see what happens to your score. If the results are not to your iiking you can always be added back on.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800, 10/10-813
TU - 10/10-774
You can do the same thing with hard work

[Anonymous]

You don't need to ask for opinions. Add up all your debt and all your CLs*. Calculate your % utilization with and without your wife's card and compare. Calculate your average age of accounts for both situations and look for drastic swings.

From your post it sounds a bit like a wash, but calculating should give you a better idea.

*Watch out for signature cards and the likes.

[Anonymous]

Thanks vet for the response and for your service to the country.

[Anonymous]

Thanks Ulan. Will do.