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Regular Contributor
brcamacho
Posts: 179
Registered: ‎07-27-2012

Is Wells Fargo Full of It?

Just got off the phone with Wells Fargo, i was speaking to them about removing me from a credit card that i was an AU on years ago that has some lates on it.  The lady i spoke to told me that even though there are negitives, its reporting as an Au and therefore does not hurt my credit?

 

Is she right?

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MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: Is Wells Fargo Full of It?


brcamacho wrote:

Just got off the phone with Wells Fargo, i was speaking to them about removing me from a credit card that i was an AU on years ago that has some lates on it.  The lady i spoke to told me that even though there are negitives, its reporting as an Au and therefore does not hurt my credit?

 

Is she right?


No she's not. An AU gets both the good and bad from the account they are added to. You are being hurt by these lates.

 

Call again and ask to be removed. Or get the primary owner to remove you.

Moderator Emeritus
tinuviel
Posts: 4,877
Registered: ‎11-02-2010

Re: Is Wells Fargo Full of It?


brcamacho wrote:

Just got off the phone with Wells Fargo, i was speaking to them about removing me from a credit card that i was an AU on years ago that has some lates on it.  The lady i spoke to told me that even though there are negitives, its reporting as an Au and therefore does not hurt my credit?

 

Is she right?


 

Nope. An AU inherits all of the history of the account, both good and bad. My DH was an AU on one of my old, closed accounts that had some lates on it, and it shows up as a negative on his reports.

 


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Regular Contributor
brcamacho
Posts: 179
Registered: ‎07-27-2012

Re: Is Wells Fargo Full of It?

Thanks i will call and have this done.  Im just doing some last minute credit tune ups before i app for a home.

TU-688 5/14 (WM TU) | EX-692 on 2/14 (FNBO EX) | EQ-666 on 01/13

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Valued Contributor
p-
Posts: 2,539
Registered: ‎06-05-2008

Re: Is Wells Fargo Full of It?


brcamacho wrote:

 Is Wells Fargo Full of It?


Yes... yes they are.

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