Regular Contributor
NY_Beauty
Posts: 193
Registered: ‎11-10-2012
Should I?

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
Orlando, FL-328965005
(800) 234-7455
Account Number: XXXX Status: PAYS AS
AGREED
Account Owner: Authorized User High Credit: $4,149
Type of Account : Revolving Credit Limit: $5,300
Term Duration: Terms Frequency: Monthly (due
every
month)
Date Opened: 10/01/2006 Balance:
Date Reported: 10/01/2008 Amount Past Due:
Date of Last Payment: 10/2008 Actual Payment Amount: $375
Scheduled Payment
Amount:
$32 Date of Last Activity: 10/2008
Date Major Delinquency Months Reviewed: 23

Amex Green Amex Gold Delta Rewards Discover IT CU Rewards Visa Closed on my new home 5/2013!

Established Contributor
sphinx313
Posts: 567
Registered: ‎02-12-2011
Re: Should I?

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.



Starting Score: 532/564 10/21/12
Current Score: TU: 594 EQ: 628 EX: 617 BoA Credit Pull Denial Letter 2/20/2013
Goal Score: 700


Take the FICO Fitness Challenge
Regular Contributor
NY_Beauty
Posts: 193
Registered: ‎11-10-2012
Re: Should I?

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?

Amex Green Amex Gold Delta Rewards Discover IT CU Rewards Visa Closed on my new home 5/2013!

Established Contributor
sphinx313
Posts: 567
Registered: ‎02-12-2011
Re: Should I?

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.



Starting Score: 532/564 10/21/12
Current Score: TU: 594 EQ: 628 EX: 617 BoA Credit Pull Denial Letter 2/20/2013
Goal Score: 700


Take the FICO Fitness Challenge
Valued Contributor
annielorie
Posts: 1,207
Registered: ‎02-19-2012
Re: Should I?

Call the CC company and get removed its hurting you alot and as an AU they have to delete from CR


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

Lowes7,000 Discover More 2800. Jcpenny 6,000
Chase freedom 800 Never take NO for an answer!!
Regular Contributor
NY_Beauty
Posts: 193
Registered: ‎11-10-2012
Re: Should I?

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? 

Amex Green Amex Gold Delta Rewards Discover IT CU Rewards Visa Closed on my new home 5/2013!

Valued Contributor
annielorie
Posts: 1,207
Registered: ‎02-19-2012
Re: Should I?

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


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

Lowes7,000 Discover More 2800. Jcpenny 6,000
Chase freedom 800 Never take NO for an answer!!
Regular Contributor
NY_Beauty
Posts: 193
Registered: ‎11-10-2012
Re: Should I?

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.  :smileyhappy:

Amex Green Amex Gold Delta Rewards Discover IT CU Rewards Visa Closed on my new home 5/2013!

Valued Contributor
annielorie
Posts: 1,207
Registered: ‎02-19-2012
Re: Should I?

Call them back they need to send a copy to you as it is your report they are reporting on.


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

Lowes7,000 Discover More 2800. Jcpenny 6,000
Chase freedom 800 Never take NO for an answer!!
Established Member
KevinBlock55
Posts: 74
Registered: ‎07-10-2012
Re: Should I?
Date of last payment was 2008. I think you just closed a card with 0% utilization. I dont think it had been used in awhile. The 4k was his highest balance reported, not current balance..