topic Re: au account in Understanding FICO® Scoring

au account

pkenn — Thu, 07 May 2015 00:14:37 GMT

ok, heres my question... i have 7-8 cc's ranging from $3000-$16000 limits. three have a balance of 40% or less on them and the ave age is 2-3 years. im also a AU on my wifes cap one for the past 8 years which has a $20k limit but she just made a $10k business purchase on it.... so i was wondering everyones thoughts on what would happen if i had her take me off as an AU? would my score dump or go up? id lose available credit, but debt as well and id lose that older account????

Re: au account

jamesdwi — Thu, 07 May 2015 00:23:34 GMT

What is your overall UTL with and without the wife's card?
What is your current Credit scores?

What is the purpose for improving your score, new credit applying for a loan?

Will the wife's card be paid off soon, and will she continue to use it for large purchases?

Re: au account

pkenn — Thu, 07 May 2015 00:29:25 GMT

UTL is about 25% without my wifes card

current scores are 690's

looking for a loan,maybe up my CL'S

She makes big prchases probably 2 times a year and pays them off in a few months.

Re: au account

Cookie2120987 — Thu, 07 May 2015 00:41:10 GMT

I personally wouldn't worry about it all that much, if she's going to pay it off within a few months it won't hurt you that badly, unless you really want new credit sooner rather than garden a bit until she pays it off

Re: au account

jamesdwi — Thu, 07 May 2015 00:45:14 GMT

as Cookie said, garden work on paying down your credit cards perferably have only one card report with 9% or less. A loan is usually manual review, they will see that you are only a AU on the card and not responsible or you can mention it the account becomes an issue. Lowing your UTL and gardening should get your score over 700 and get you a better APR on the loan.