topic Re: Affects of removing myself as an AU on a card in Credit Cards

Affects of removing myself as an AU on a card

crunching_numbers — Sat, 18 Feb 2012 20:10:29 GMT

If I have myself removed as an AU from one of my husband's cards, will it come off of my CR entirely? If not, do they immediately stop calculating the amount owed into my credit owed and usage? How long before I should see a change in CR and FICO's?

Re: Affects of removing myself as an AU on a card

Platinum — Sat, 18 Feb 2012 20:21:28 GMT

@crunching_numbers wrote:
If I have myself removed as an AU from one of my husband's cards, will it come off of my CR entirely? If not, do they immediately stop calculating the amount owed into my credit owed and usage? How long before I should see a change in CR and FICO's?

It won't come off automatically. You must dispute it with CRA's after you have removed yourself as AU with the card issuer. Primary cardholder must call.

Effects...depends on many factors. Is it positive or negative...how many more you have on your report...how old they are...what is your utilization ??? etc...

Re: Affects of removing myself as an AU on a card

Platinum — Sat, 18 Feb 2012 20:49:59 GMT

Is he maxed out on that card ?

Did he make any late payments ?

If yes, then it will help your score by removing it. If not, then it might hurt your score.

Re: Affects of removing myself as an AU on a card

crunching_numbers — Sat, 18 Feb 2012 21:22:03 GMT

Not completely maxed, but a balance of $16240 on a CL of $18800. One of the biggest hits to my FICO is total debt and utilization. Removing 16240 can ONLY help. He opened it in NOV07, but mt AAoA is 8 years, so I won't get hit that way. No lates or anything, just a huge balance. I am thinking that if I pull us off of some of each others accounts both of our numbers should come up, at least a little, when the total debt goes down.

Re: Affects of removing myself as an AU on a card

Platinum — Sat, 18 Feb 2012 21:30:02 GMT

@crunching_numbers wrote:
Not completely maxed, but a balance of $16240 on a CL of $18800. One of the biggest hits to my FICO is total debt and utilization. Removing 16240 can ONLY help. He opened it in NOV07, but mt AAoA is 8 years, so I won't get hit that way. No lates or anything, just a huge balance. I am thinking that if I pull us off of some of each others accounts both of our numbers should come up, at least a little, when the total debt goes down.

Correct.

Re: Affects of removing myself as an AU on a card

MarineVietVet — Sat, 18 Feb 2012 21:31:45 GMT

@crunching_numbers wrote:
Not completely maxed, but a balance of $16240 on a CL of $18800. One of the biggest hits to my FICO is total debt and utilization. Removing 16240 can ONLY help. He opened it in NOV07, but mt AAoA is 8 years, so I won't get hit that way. No lates or anything, just a huge balance. I am thinking that if I pull us off of some of each others accounts both of our numbers should come up, at least a little, when the total debt goes down.

You can always be added back onto this account if it seems like removing yourself was a not a good idea. Something to think about in the future.

Re: Affects of removing myself as an AU on a card

crunching_numbers — Sat, 18 Feb 2012 21:50:40 GMT

Thanks! If I have this right, since pulling each other off as AU's will basically cut both of our debt numbers in half, and I should go for it. We both have long (26 years) credit histories with AAoA's that are fine. Adding each other back later is always an option. Started to aggressively pay down the debt and hope to be done within 2 years. There really does not seem to be a down side. If there is some other factor that I am missing, please let me know. Do not want to make the numbers worse by mistake.

Re: Affects of removing myself as an AU on a card

Anonymous — Sat, 18 Feb 2012 22:11:42 GMT

@Platinum wrote:
@crunching_numbers wrote:
If I have myself removed as an AU from one of my husband's cards, will it come off of my CR entirely? If not, do they immediately stop calculating the amount owed into my credit owed and usage? How long before I should see a change in CR and FICO's?
It won't come off automatically. You must dispute it with CRA's after you have removed yourself as AU with the card issuer. Primary cardholder must call.
Effects...depends on many factors. Is it positive or negative...how many more you have on your report...how old they are...what is your utilization ??? etc...

Not true. If the CRA [b]doesn't automatically remove it[/b], then you will have to dispute. I just had myself removed as an AU and EX and EQ stopped reporting me, though TU continue.

The [b]e[/b]ffect will be that all information related to that account will disappear from your report like it was never there. How fast it happens depends on how fast the CRAs update.

Re: Affects of removing myself as an AU on a card

Platinum — Sun, 19 Feb 2012 00:09:19 GMT

@Anonymous wrote:
@Platinum wrote:
@crunching_numbers wrote:
If I have myself removed as an AU from one of my husband's cards, will it come off of my CR entirely? If not, do they immediately stop calculating the amount owed into my credit owed and usage? How long before I should see a change in CR and FICO's?
It won't come off automatically. You must dispute it with CRA's after you have removed yourself as AU with the card issuer. Primary cardholder must call.
Effects...depends on many factors. Is it positive or negative...how many more you have on your report...how old they are...what is your utilization ??? etc...

Not true. If the CRA [b]doesn't automatically remove it[/b], then you will have to dispute. I just had myself removed as an AU and EX and EQ stopped reporting me, though TU continue.

The [b]e[/b]ffect will be that all information related to that account will disappear from your report like it was never there. How fast it happens depends on how fast the CRAs update.

Well, I am sorry but I did not mean to say something that is not true. I had to remove my wife as AU at least five times and it never came off automatically. She always had to dispute it as: "no longer AU on this account" before it disappeared from all CRA's.

Re: Affects of removing myself as an AU on a card

MarineVietVet — Sun, 19 Feb 2012 00:21:48 GMT

@Platinum wrote:
@Anonymous wrote:
@Platinum wrote:
@crunching_numbers wrote:
If I have myself removed as an AU from one of my husband's cards, will it come off of my CR entirely? If not, do they immediately stop calculating the amount owed into my credit owed and usage? How long before I should see a change in CR and FICO's?
It won't come off automatically. You must dispute it with CRA's after you have removed yourself as AU with the card issuer. Primary cardholder must call.
Effects...depends on many factors. Is it positive or negative...how many more you have on your report...how old they are...what is your utilization ??? etc...

Not true. If the CRA [b]doesn't automatically remove it[/b], then you will have to dispute. I just had myself removed as an AU and EX and EQ stopped reporting me, though TU continue.

The [b]e[/b]ffect will be that all information related to that account will disappear from your report like it was never there. How fast it happens depends on how fast the CRAs update.
Well, I am sorry but I did not mean to say something that is not true. I had to remove my wife as AU at least five times and it never came off automatically. She always had to dispute it as: "no longer AU on this account" before it disappeared from all CRA's.

How about we agree that it's another YMMV situation? Because that's really what it is.

Re: Affects of removing myself as an AU on a card

Platinum — Sun, 19 Feb 2012 00:35:28 GMT

@MarineVietVet wrote:
@Platinum wrote:
@Anonymous wrote:
@Platinum wrote:
@crunching_numbers wrote:
If I have myself removed as an AU from one of my husband's cards, will it come off of my CR entirely? If not, do they immediately stop calculating the amount owed into my credit owed and usage? How long before I should see a change in CR and FICO's?
It won't come off automatically. You must dispute it with CRA's after you have removed yourself as AU with the card issuer. Primary cardholder must call.
Effects...depends on many factors. Is it positive or negative...how many more you have on your report...how old they are...what is your utilization ??? etc...

Not true. If the CRA [b]doesn't automatically remove it[/b], then you will have to dispute. I just had myself removed as an AU and EX and EQ stopped reporting me, though TU continue.

The [b]e[/b]ffect will be that all information related to that account will disappear from your report like it was never there. How fast it happens depends on how fast the CRAs update.
Well, I am sorry but I did not mean to say something that is not true. I had to remove my wife as AU at least five times and it never came off automatically. She always had to dispute it as: "no longer AU on this account" before it disappeared from all CRA's.
How about we agree that it's another YMMV situation? Because that's really what it is.

Exactly. It looks like it all depends on how that certain card issuer reports to CRA's.

Re: Affects of removing myself as an AU on a card

Anonymous — Sun, 19 Feb 2012 03:44:49 GMT

@MarineVietVet wrote:
@Platinum wrote:
@Anonymous wrote:
@Platinum wrote:
@crunching_numbers wrote:
If I have myself removed as an AU from one of my husband's cards, will it come off of my CR entirely? If not, do they immediately stop calculating the amount owed into my credit owed and usage? How long before I should see a change in CR and FICO's?
It won't come off automatically. You must dispute it with CRA's after you have removed yourself as AU with the card issuer. Primary cardholder must call.
Effects...depends on many factors. Is it positive or negative...how many more you have on your report...how old they are...what is your utilization ??? etc...

Not true. If the CRA [b]doesn't automatically remove it[/b], then you will have to dispute. I just had myself removed as an AU and EX and EQ stopped reporting me, though TU continue.

The [b]e[/b]ffect will be that all information related to that account will disappear from your report like it was never there. How fast it happens depends on how fast the CRAs update.
Well, I am sorry but I did not mean to say something that is not true. I had to remove my wife as AU at least five times and it never came off automatically. She always had to dispute it as: "no longer AU on this account" before it disappeared from all CRA's.
How about we agree that it's another YMMV situation? Because that's really what it is.

Sometimes I feel like this place is trying to mimic a kindergarten classroom. The fact is that you do not need to have them removed unless they are not automatically removed. Sure, you can call that a YMMV situation, but by the same reasoning, you can call just about anything discussed on these boards a YMMV situation. If we can't discuss differences of opinion or experience, everyone's posts should be "my experience is irrelevent, YMMV."