topic Re: What to do AU Amex account? in General Credit Topics

What to do AU Amex account?

Anonymous — Thu, 13 Mar 2008 17:35:53 GMT

I have an AU account on my parent's Gold Amex that is drastically improving my history on all three CR's. The problem is that on TU it reporting the recent balance and the high balance the same which makes it a 100% UTL on that card and brings my total UTL to around 40%. If I dispute with TU and they remove then my history will go from 4 years to 2 years and my total UTL will go to less then 10%.

I feel it would be better to have less history with lower utlization fico score wise? I am just afraid that if I dispute with TU it could be deleted from EX & EQ as well which would lower my history drastically and not affect that utilization since it is not being figured in on those reports.

What would y'all do? Has anyone disputed an AU account with one and not had it deleted from the others? Has anyone had it deleted from multiple or all three my just disputing with one?

Message Edited by hgolf1848 on 03-13-2008 10:35 AM

Re: What to do AU Amex account?

Anonymous — Thu, 13 Mar 2008 19:28:20 GMT

hgolf1848 wrote:
I have an AU account on my parent's Gold Amex that is drastically improving my history on all three CR's. The problem is that on TU it reporting the recent balance and the high balance the same which makes it a 100% UTL on that card and brings my total UTL to around 40%. If I dispute with TU and they remove then my history will go from 4 years to 2 years and my total UTL will go to less then 10%.

I feel it would be better to have less history with lower utlization fico score wise? I am just afraid that if I dispute with TU it could be deleted from EX & EQ as well which would lower my history drastically and not affect that utilization since it is not being figured in on those reports.

What would y'all do? Has anyone disputed an AU account with one and not had it deleted from the others? Has anyone had it deleted from multiple or all three my just disputing with one?

Message Edited by hgolf1848 on 03-13-2008 10:35 AM

No experience disputing AU.......or even being an AU........however when FICO 08 is implemented(some are guessing around May) AU will no longer be calculated in score.

Re: What to do AU Amex account?

fused — Thu, 13 Mar 2008 19:36:58 GMT

I would say don't worry about this account reporting on TU. While the TU score you pull from this site will include charge cards in revolving util because it's using an older TU scoring version (Empirica 98), most CCCs, banks and lenders are using a newer TU scoring version (Empirica 04) which does not include charge cards in revolving util calculations.

Re: What to do AU Amex account?

Anonymous — Thu, 13 Mar 2008 20:28:17 GMT

That is great to know. I did not realize that.

I had thought about the Fico 08 situation, but with the push backs that have already happened I thought I would just leave alone b/c I will be looking for a house in October time frame and thought if they hadn't implemented 08 yet the history would help my score. I just didn't want the uti to hurt it.

Thanks for the replies.