Merchandise cards to lower util

[Rlupo810]

Are there any of these that still help that will give a good limit? I am on my fathers cards as an au and while the history has been helpful in my ability to reestablish myself creditwise, he has about 90% util
On each of his cards and pays the minimum.

Any advice please.

[RobertEG]

There are two reasons to consider removing yourself from that card as an AU.

First, % util is one of the higher-weighted scoring factors, and a 90% util is likely hurting your overall score.

Second, the presence of any AU account in your report automatically means that your score is no longer representative of your own personal risk assessment.

Some creditors will discount the value of any score if they do a manual review and see the presence of an AU.

[Rlupo810]

I am afraid of how bad it will hurt my reports to lose the history.

[rmduhon]

AAoA counts for 15% of your scores, utilization counts for 30-35% of your scores. So you are actually losing points with those AU cards

[Rlupo810]

It's not so much my average age that I'm worried about as much as my payment history as those are the only revolvers I've had on my reports and the past few years.. does anyone have experience with my Jewelers club or could suggest any other merchandise card that could help me with my utilization or should I just absolutely drop the authorized users off my reports?

[Anonymous]

Have you tried explaining this to your father?  Sounds like he could use the help as well...

[Rlupo810]

I have and he does need it, but he is very stubborn and refuses to make more than the minimum.

[fltireguy]

Your father is a credit card bank's dream...

You need to get OFF of his maxed out cards as a AU. It's probably doing you far more harm than it is doing good..  Whats keeping your scores down btw?

[Rlupo810]

It's currently being held down by about 7 collection accounts and multiple late payments due to me allowing my ex-fiance to handle the finances and her pocketing the money.. I recently was approved for a discover secured which is a $300 limit and also a creditone is also $300 limit but that was only this month yep

[Rlupo810]

Do you have any ideas on what I can do to build my credit into rhe 700s.. I'm currently around 550 across the board