topic Re: Being removed as an "Authorized User" in General Credit Topics

Being removed as an "Authorized User"

Anonymous — Tue, 16 Oct 2012 23:10:20 GMT

How long does it take for credit bureaus to update when someone has been removed as a authorized user? Thank you

Re: Being removed as an "Authorized User"

llecs — Wed, 17 Oct 2012 00:04:51 GMT

It varies per creditor. The one and only time we removed an AU from Citi it disappeared within a week.

Re: Being removed as an "Authorized User"

pat0812 — Wed, 24 Oct 2012 02:25:08 GMT

I would say it would be removed the next time the CCC updates the Credit bureaus, for most cards, 2-3 days after the statement cut date

But again it's really depends on the CCC.

Re: Being removed as an "Authorized User"

Anonymous — Wed, 24 Oct 2012 13:34:51 GMT

If you ar ethe individual being removed as an AU, just dispute the account as not yours or one of the other similar categories (if disputing online). I have had some removed in as little as one day after doing this. My wife added me to some of her store cards and I didn't want them on my CR so I took this approach. I don't like waiting so if I noticed they were not removed in a week, I disputed and like I said Transunion was the next day and the othres would remove in a few more days.

Re: Being removed as an "Authorized User"

ShiningDown — Fri, 26 Oct 2012 20:27:53 GMT

Does it say terminated or is it gone completely. I don't want my husbands accounts on my report either so can I have them removed completely.

The DH initials are not working for me.

Re: Being removed as an "Authorized User"

Bearclaw — Mon, 03 Dec 2012 01:07:04 GMT

To add to this... Being removed as an authorized user--Does it have a negative effect?

Re: Being removed as an "Authorized User"

llecs — Mon, 03 Dec 2012 03:41:23 GMT

@Bearclaw wrote:
To add to this... Being removed as an authorized user--Does it have a negative effect?

YMMV.... removing it can improve your FICO, drop your FICO, or leave it unchanged. It depends on what is being removed in relation to your credit w/out that CC. The primary factors include impact to your average age and length of history once the AU drops, impact to utilization once dropped, and impact to mix, if any, if dropped.

Re: Being removed as an "Authorized User"

Anonymous — Tue, 04 Dec 2012 19:02:42 GMT

I had a grand ol' time with Amex and Equifax when removing myself from my mothers account a while back. Amex removed me as an AU then I disputed with the credit bureaus to have them removed from my report. Experian and Transunion had no problem removing it for me, Equifax though, was another beast. I was in the process of buying a home so this was all time criticial...long story short, I was able to get it removed after going back and forth with Amex and Equifax. Though it was frustrating, it's something you need to staty on top of until you get the results you want. For me it was the utilization of my moms account that was killing me.

Re: Being removed as an "Authorized User"

webhopper — Tue, 04 Dec 2012 19:17:35 GMT

I would call the credit card company and ask them to delete the tradeline.... once you have done that, submit disputes to all three credit reporting agencies. To submit a dispute, you can contact the credit reporting agencies using these contacts: CRA phone and fax numbers

Re: Being removed as an "Authorized User" (does it help or hurt)

Anonymous — Tue, 04 Dec 2012 21:00:29 GMT

I have been caught up with two different, but yet similar problems based on being an AU to wives...

Scenario 1. 1st wife opened Capital 1 account in 1997. Limit $1,400. Perfect payments until after our divorce. Balance normally 0, then one 30 day late June 2010. We closed the credit card September 2011.

Query: Since the CC is closed, there should no longer be a utilization affect, Correct?

Query: Since the CC is closed, the damage, if any, to longevity of accounts has already occurred, Correct?

Query: Since the 30 day late is relatively old, is there any benefit to my FICO score to have the AU report eliminated to remove the late?

Scenario 2. My new wife added me to her BofA Visa Card in September. 2012. Opened in 1994. Limits, to $100,000, but can only carry a balance to $20,000. The credit limit is reported as 0, so I asked TransUnion to investigate. In doing so, they removed the account from TransUnion. They claim the AU account had no impact on my credit. However their reports say my available credit is limited, and my credit card longevity is too short. I only have two CC cards, both issued in 2004, the first with a $5,000 limit with a 0 balance (but no new reporting dates), and the second has a $3,000 limit with a $ 900 balance. I do have a 2002 Heloc with a $100,000 limit with balance of $53,000.

Query: Should I ask my wife to limit the card to 20k so that it will be reported with an actual credit limit (suggestion of BoA), or leave the AU CC off my credit report, get my name of the AU CC altogether, or do nothing. I can't figure out what to do.... CC accounts (including Heloc) are too new at 8 to 10 years?

Any guidance is appreciated.

Re: Being removed as an "Authorized User" (does it help or hurt)

llecs — Tue, 04 Dec 2012 21:52:04 GMT

@Anonymous wrote:
I have been caught up with two different, but yet similar problems based on being an AU to wives...

Scenario 1. 1st wife opened Capital 1 account in 1997. Limit $1,400. Perfect payments until after our divorce. Balance normally 0, then one 30 day late June 2010. We closed the credit card September 2011.
Query: Since the CC is closed, there should no longer be a utilization affect, Correct?
Query: Since the CC is closed, the damage, if any, to longevity of accounts has already occurred, Correct?
Query: Since the 30 day late is relatively old, is there any benefit to my FICO score to have the AU report eliminated to remove the late?

Scenario 2. My new wife added me to her BofA Visa Card in September. 2012. Opened in 1994. Limits, to $100,000, but can only carry a balance to $20,000. The credit limit is reported as 0, so I asked TransUnion to investigate. In doing so, they removed the account from TransUnion. They claim the AU account had no impact on my credit. However their reports say my available credit is limited, and my credit card longevity is too short. I only have two CC cards, both issued in 2004, the first with a $5,000 limit with a 0 balance (but no new reporting dates), and the second has a $3,000 limit with a $ 900 balance. I do have a 2002 Heloc with a $100,000 limit with balance of $53,000.
Query: Should I ask my wife to limit the card to 20k so that it will be reported with an actual credit limit (suggestion of BoA), or leave the AU CC off my credit report, get my name of the AU CC altogether, or do nothing. I can't figure out what to do.... CC accounts (including Heloc) are too new at 8 to 10 years?

Any guidance is appreciated.

#1 The account is going on 16 years old. While util isn't an issue since it is closed and paid, and the late's damage is relatively gone, the only other factor is the age. If the AAoA (Average age of accounts) is 16 years or older, then this account would be younger relatively speaking. I suspect otherwise, right? If your AAoA is younger, then removing it will lower that AAoA and risk a lower score. Also if this account is your oldest overall or oldest revolving account, then you also risk a loss if removed.

#2 FICO will be ignoring the balance and the CL when factoring your score. FICO will ignore HELOCs, LOCs, and CCs above a certain limit. That limit is unknown and varies by FICO version, but it's around half of that. So, if that $20k cap were removed, and all $100k were used, it shouldn't have any FICO impact. That limit is in place because many borrowers took a 2nd on their mortgage in the pre-inflation days and lenders did so via a HELOC which is scored like a CC. So in order for folks not to be penalized for having a 2nd mortgage if created via a HELOC, a cap was placed for scoring purposes.

In your case, even if a CL showed of $100k, FICO would ignore it. FICO will still ignore the CL at $0 anyway and any balance that went along with it. No worries there.

A dispute will most usually remove an AU TL. I disgree with TU's CSR though. Most have no clue on FICO scoring. Now the score they push is a FAKO called a VantageScore and at one point the Vantagescore they offered excluded AUs from scoring. That's no longer the case though. FICO still includes AUs and it could have helped your score if older than your AAoA or among your oldest accounts.

If you have the ability to re-add yourself, I'd suggest it for the history alone.