Credit Cards Center Credit cards from our partners
Reply
New Member
Posts: 2
Registered: ‎02-03-2014
0

Charge off as an authorized account user

Hello everyone,

 

I have a charge off on  my credit reports, the CC has a balance of $9,000 at 100% utilization. I am listed as a authorized user so I was able to get it removed from my report today, I was told it will take 3-5 business days. Any idea how much this will affect my score?  It was last reported in Nov 13.

 

               thanks in advance for any help!

Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Charge off as an authorized account user

While a CO and the newness of the derog are impacting your score, it's impossible to give an estimate without knowing more information.  Did you pull your CS prior to the co?

New Member
Posts: 2
Registered: ‎02-03-2014
0

Re: Charge off as an authorized account user

unfortunately no, I had no idea that it was on there because I had not pulled all three reports until recently. I have never really tracked my score, and I recently was looking to get a loan and pulled one report and was disappointed in my Experian score of 639. So I pulled all three and noticed the issue and immediately called to have it removed.

Highlighted
Valued Contributor
Posts: 1,978
Registered: ‎04-07-2009
0

Re: Charge off as an authorized account user

Since you are an authorized user call the credit card company and ask to be removed.

Equifax My FICO score 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011
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.