topic Re: Removing myself as authorized CC user in General Credit Topics

Removing myself as authorized CC user

Anonymous — Tue, 12 Mar 2013 16:05:34 GMT

I'm currently an authorized user on a credit card in my wife's name. It is being reported on my credit report, but due to a recent 30day slow, it's dinged my report some. If I remove myself as an authorized user of the card, will the account be removed off my fico? Thanks!

Re: Removing myself as authorized CC user

Anonymous — Tue, 12 Mar 2013 17:29:15 GMT

Yes, it will be removed for all scoring purposes.

Re: Removing myself as authorized CC user

Anonymous — Tue, 12 Mar 2013 18:50:21 GMT

blockquote>

guiness56 wrote:

Yes, it will be removed for all scoring purposes.

I appreciate the response, guiness56. Now to determine what's more beneficial--the 6 yr history of this account w/ last month's 30day late, or no acct record at all...<

Re: Removing myself as authorized CC user

Anonymous — Tue, 12 Mar 2013 19:36:34 GMT

A recent 30 day will certainly have a big negative impact on your score. Did you see a drop?

Without this account, what is your AAoA?

Personally, I would rather have a clean report than lose points for AAoA.

Re: Removing myself as authorized CC user

RobertEG — Tue, 12 Mar 2013 20:23:56 GMT

An additional plus would be that after deletion of the AU, your credit report and resulting score will then reflect only your own actual history, and thus risk.

Whenever a score is based in part on reported history of another, a credtior cannot, if they desire, determine your own personal score based on only your own history.

They cant "back out" history of another.

Re: Removing myself as authorized CC user

HiLine — Wed, 13 Mar 2013 04:28:13 GMT

Follow up question - will there be any traces left from being an authorized user?

Re: Removing myself as authorized CC user

llecs — Wed, 13 Mar 2013 04:29:12 GMT

@HiLine wrote:
Follow up question - will there be any traces left from being an authorized user?

The TL will completely disappear once removed as an AU.

Re: Removing myself as authorized CC user

Anonymous — Wed, 13 Mar 2013 04:44:46 GMT

All of its history, payment info, etc. Like it never existed.

Re: Removing myself as authorized CC user

HiLine — Thu, 14 Mar 2013 01:01:46 GMT

Ah I see! Thanks for your responses!