does closing authorized user card hurt the authorized users credit?

[Anonymous]

Sorry if this has been covered, but I cldn't find it. I am an authorized user on my moms amex...if she takes me OFF as an authorized user, will that negatively affect my credit? there is a $3k balance, but again, its in her name, I'm just an authorized user I'm trying to buy a car, PIF most of my credit cards, and get my score up THANK YOU FOR YOUR HELP!!

[fused]

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2007credit wrote:
Sorry if this has been covered, but I cldn't find it. I am an authorized user on my moms amex...if she takes me OFF as an authorized user, will that negatively affect my credit? there is a $3k balance, but again, its in her name, I'm just an authorized user I'm trying to buy a car, PIF most of my credit cards, and get my score up THANK YOU FOR YOUR HELP!!

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How long has the account been open? What is the credit limit? And are there any late payments reporting on this card? It sounds like you don't have any other CCs or other loans in your credit file, is this true?

[Anonymous]

HOW LONG HAS THE ACCOUNT BEEN OPEN? 1-2 YEARS credit limit..5k NO late payments I have plenty of other CC and car loans..they are all paid as agreed...this card was opened as a easy way for me to buy things on line for my mom...shes 75 years old and can't work a computer Thank you so much for your help!

[fused]

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2007credit wrote:
HOW LONG HAS THE ACCOUNT BEEN OPEN? 1-2 YEARS credit limit..5k NO late payments I have plenty of other CC and car loans..they are all paid as agreed...this card was opened as a easy way for me to buy things on line for my mom...shes 75 years old and can't work a computer Thank you so much for your help!

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Well the utilization is rather high at 60% on this AU account so it may be hurting you some. If you are thinking of buying a car you should pull your three scores and reports at this site if you haven't already. When apping for a big ticket item, you should always know where you stand. Never shop around unless you know your scores.

[Anonymous]

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@fused wrote:

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@Anonymous wrote:
HOW LONG HAS THE ACCOUNT BEEN OPEN? 1-2 YEARS credit limit..5k NO late payments I have plenty of other CC and car loans..they are all paid as agreed...this card was opened as a easy way for me to buy things on line for my mom...shes 75 years old and can't work a computer Thank you so much for your help!

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Well the utilization is rather high at 60% on this AU account so it may be hurting you some. If you are thinking of buying a car you should pull your three scores and reports at this site if you haven't already. When apping for a big ticket item, you should always know where you stand. Never shop around unless you know your scores.

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@fused wrote:

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@Anonymous wrote:
HOW LONG HAS THE ACCOUNT BEEN OPEN? 1-2 YEARS credit limit..5k NO late payments I have plenty of other CC and car loans..they are all paid as agreed...this card was opened as a easy way for me to buy things on line for my mom...shes 75 years old and can't work a computer Thank you so much for your help!

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Well the utilization is rather high at 60% on this AU account so it may be hurting you some. If you are thinking of buying a car you should pull your three scores and reports at this site if you haven't already. When apping for a big ticket item, you should always know where you stand. Never shop around unless you know your scores.

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Thanks... I did and they are low..but because my CL's are mostly over 50% and I am paying these down to just under 50% before I get the lease.....but I don't want to make thigs WORSE by taking myself off of this account as an AU Since the balance will still be there, will it hurt my FICO"S thanks again

[fused]

When are you planning on buying a car?

[Anonymous]

as soon as i can get these scores up....i'm assuming its gonna take me 30 days..and I am going to lease it...thanks

[fused]

Here's a good read. GL

http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&message.id=1231

[Anonymous]

Her AMEX limit was just raised to $8k so won't that help the Utilization? Ive chosen to keep it on for now......