Removed as AU on spouse Capital One QS ($2,000 CL with $1600 balance) and will see how long it takes to update to CRA. I am performing this test to see what affect this has on FICO scoring. Current fico are 666, 644 and 669. Utilization currently 33%.
I anticipate that Utilization will drop to 21%. But the 5 year history with perfect payments may hurt AAofA.
Will report once changes have een reported. If I do not like the ROI for this action, I can always be added back on as AU.
@slund5499 wrote:Removed as AU on spouse Capital One QS ($2,000 CL with $1600 balance) and will see how long it takes to update to CRA. I am performing this test to see what affect this has on FICO scoring. Current fico are 666, 644 and 669. Utilization currently 33%.
I anticipate that Utilization will drop to 21%. But the 5 year history with perfect payments may hurt AAofA.
Will report once changes have een reported. If I do not like the ROI for this action, I can always be added back on as AU.
AAoA isnt going to be affected unless you asked for total removal of the account. AUs typically update to 0 balance, the CL is removed from your overall available CLs and a notation of relationship terminated is added.
Will the history still report or will that get wiped with the balance and CL?
@slund5499 wrote:Will the history still report or will that get wiped with the balance and CL?
History is retained, the CL still shows its just not incl in utilization
The the balance and Cl will not be included in utilization? If so, then my utilization should drop and score should go up a few points.
@slund5499 wrote:Removed as AU on spouse Capital One QS ($2,000 CL with $1600 balance) and will see how long it takes to update to CRA. I am performing this test to see what affect this has on FICO scoring. Current fico are 666, 644 and 669. Utilization currently 33%.
I anticipate that Utilization will drop to 21%. But the 5 year history with perfect payments may hurt AAofA.
Will report once changes have een reported. If I do not like the ROI for this action, I can always be added back on as AU.
Your score increased from July 2014 to February 2015 because of what that changed in your file? You were added as AU on your spouse's card?
What month were you added as AU?
What was the driver of that ~70 point increase in scores in the last 8 months?
Not true on the 70 point driver. I have been on both of my spouse's 5 year old Cap One as an AU since she opened them.
70 Point driver....contributors:
CLI:
Capital One #1 AU from $500 to $2000 (June 2014)
Barclay CLI from $500 to $1000 (Aug 2014)
Capital One #1 AU from $2000 to $2500 (December 2014)
Capital One #2 AU from $500 to $2000 (December 2014)
New Accounts
November 2014:
Victoria Secret $350
Overstock $250
Abercrombie $250
Buckle $350
Installment loan (12 month) $2000
First Premier $300
December 2014:
Express $300
New York & Co. $350
Macy's $800
January 2015:
Walmart $700
February 2015
Amex Delta Skymiles $1000
Bank America Secured $500
Previous US Bank Secured graduated $300
Previous Wells Fargo Secured graduated $300
Overall utilization fell from $72% to 33%
Total Available Credit increased from $1600 to $14850
Other factors:
FP Charge off account PIF
Collection account removed from CR
2 Unpaid Tax lien still remains on TU (3rd from TU and all 3 from EQ and EX removed (unpaid).
Ok, that is critical additional information.
Your opening post could be significantly clarified with this information... Scores are a journey and removing an AU link is only one step of many you've taken in the last year. Any attempt to extrapolate your particular result in the next few weeks needs a heavy qualifier:
YMMV
Good luck, and good job on cleaning up your file!