Should I remove myself as an AU for this account? Is it helping or hurting me?
GECRB/SAM'S CLUB DC
P.O. Box 965005
Account Number: XXXX Status: PAYS AS
Account Owner: Authorized User High Credit: $4,149
Type of Account : Revolving Credit Limit: $5,300
Term Duration: Terms Frequency: Monthly (due
Date Opened: 10/01/2006 Balance:
Date Reported: 10/01/2008 Amount Past Due:
Date of Last Payment: 10/2008 Actual Payment Amount: $375
$32 Date of Last Activity: 10/2008
Date Major Delinquency Months Reviewed: 23
So it currently has a $4,000 balance or? If it has that high a balance it's probably killing your utilization depending on what kind of revolving credit you personally have. If it has a lower balance then there is no harm in keeping it as long as it stays current.
It's not mine so I have no control over how he's using it. I do know he is expecting a big bonus in a few months and will probably pay it down then. Since I am an AU I just wondered if I should hang tight or cut it loose. I suspect I will have to cut it loose before long anyway. Your thoughts?
If you expect that you will just be cutting loose of the card soon then just get it over with now and don't benefit/lose because of it. Everything you do should be long term and positive not a hope that it works out.
I called today and had myself removed. I will be following up with a letter. Should I notify the CRA or should I just wait?
The CC company should send you a letter that they are removing you from account and will notify the bureaus. When you get letter Call and asked it to be emailed send to CRA to have the account deleted. Dont wait on it as you want it removed asap Dont forget to let us know what your score is after it is dleted
I asked for a letter and they said they would send it to my ex (the account holder) go figure. I followed up with snail mail letters just to confirm my request.