Credit Cards Center Credit cards from our partners
Reply
New Member
Posts: 2
Registered: ‎10-31-2010
0

"Authorized Account" question

[ Edited ]

I just checked my credit reports for the first time in over a decade. (I used to be the lead programmer on a credit decision engine, but it was a long time ago).

 

My wife and I were married in August of 1999. We were separated in August of 2008 because I got fed up with her spending habits. We are in the process of getting divorced now.

 

On my reports, there is a tradeline for a credit card that was opened 10 months after we were married, and "Settled—less than full balance" the month that we were separated. Under account holder, it says "Authorized Account." 

 

I didn't pledge my credit when my wife applied for this card. I wasn't aware that I was an authorized user. I was never informed that negative information was being placed on my credit report -- neither by my wife, nor by her creditor.

 

Am I stuck with this tradeline?

 

 

Valued Contributor
Posts: 2,736
Registered: ‎08-13-2009
0

Re: "Authorized Account" question

If you are an authorized user, you can remove yourself from the account.   When that is done, it should delete the entire tradeline from your credit report.

 

Try the cc issuer first.  If there is no luck there, then dispute it (in writing) with the CRA as not yours/authorized user/unaware of the account.  

 

My suggestion is to keep a close watch on your credit report from here on out.

 

My suggestion is to "opt out" on with each CRA now.

 

My suggestion is put a "fraud alert" on with each CRA now.

Senior Contributor
Posts: 3,626
Registered: ‎10-13-2009
0

Re: "Authorized Account" question


IOBA wrote:

If you are an authorized user, you can remove yourself from the account.   When that is done, it should delete the entire tradeline from your credit report.

 

Try the cc issuer first.  If there is no luck there, then dispute it (in writing) with the CRA as not yours/authorized user/unaware of the account.  

 

My suggestion is to keep a close watch on your credit report from here on out.

 

My suggestion is to "opt out" on with each CRA now.

 

My suggestion is put a "fraud alert" on with each CRA now.


 

+1

 

Further, if you haven't done so already, now is the time to close any joint accounts and ensure that your wife is not an authorized user on any of your accounts unless you are comfortable bearing ultimate responsibility should things go sour.

 

In addition, there are times when even authorized users bear responsibility even though they are only a supplemental cardholder.  This is especially true with AmEx.  If you are an authorized user on any of your wife's accounts, you should try and immediately remove yourself.

 

There are also the effects of living in a community property state, if applicable, that you should go over with your attorney.  It would be sad to find that the bad financial habits you are trying to minimize come back and bite you in the rear still later.

IAALBNYL
Highlighted
New Member
Posts: 2
Registered: ‎10-31-2010
0

Re: "Authorized Account" question

Thanks guys!

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.