topic got 'authorized user' charge off deleted in Rebuilding Your Credit

got 'authorized user' charge off deleted

new_earth — Fri, 29 Mar 2013 10:39:41 GMT

I was an authorized user on another person's Chase CC account a few years ago and they went into money problems and it was charged off @ over $13,000

It was showing on my report since I was an authorized user. I just succesfully got it deleted from EQ. How much do you think my score will go up or nothing at all? I *think* it made my TU score go up about 30 points. TU is 608 now and was apparently 579 before because I just found a denial letter from when i tried to apply for something a month or two ago that said my TU Fico was 579. Just wondering about EQ.

Re: got 'authorized user' charge off deleted

Jaxavier — Fri, 29 Mar 2013 11:55:01 GMT

Should be about the same but that also depends on whether your Eq and TU reporting have the same data reporting. If it was your last negative you could expect a huge jump (triple I figures)

Re: got 'authorized user' charge off deleted

new_earth — Fri, 29 Mar 2013 23:04:36 GMT

score just went down 20 points from inquiries I am hoping it will go back up once it registers the deleted charge off, then I guess down again with the new CC, then up again when I start making payments on it. A patient journey I guess!

Re: got 'authorized user' charge off deleted

Anonymous — Fri, 29 Mar 2013 23:10:22 GMT

@new_earth wrote:
score just went down 20 points from inquiries I am hoping it will go back up once it registers the deleted charge off, then I guess down again with the new CC, then up again when I start making payments on it. A patient journey I guess!

20 points for inquiries...how many?

Was the balance of the CO CC factored into your utilization? If it was, depending on what else is on your reports, you may see a good increase.

Re: got 'authorized user' charge off deleted

new_earth — Fri, 29 Mar 2013 23:15:17 GMT

I think I have 11 total but the majority of them are probably from the last two weeks. I had been trying last week to refinance my car, then this week trying to open a card to help fix my credit.

I am hoping the deleted CO just hasn't made an impact on the score yet. I am not even sure how that account affected my score or what the utilization was, i just know the balance was at $13,000 over and was closed/charged off to collections. Not to me though, it was someone else's main account.

No more apps for quite a while !

Re: got 'authorized user' charge off deleted

Anonymous — Fri, 29 Mar 2013 23:14:37 GMT

Congrats

Re: got 'authorized user' charge off deleted

Anonymous — Fri, 29 Mar 2013 23:19:49 GMT

@new_earth wrote:
I think I have 11 total but the majority of them are probably from the last two weeks. I had been trying last week to refinance my car, then this week trying to open a card to help fix my credit.

I am hoping the deleted CO just hasn't made an impact on the score yet. I am not even sure how that account affected my score or what the utilization was, i just know the balance was at $13,000 over and was closed/charged off to collections. Not to me though, it was someone else's main account.

No more apps for quite a while !

Depending on the score model, Auto Loan inquiries made within a 14 - 45 day period only count as one.

I know it wasn't yours. I was trying to figure out how much your utilization may drop if that was included.

Re: got 'authorized user' charge off deleted

new_earth — Sat, 30 Mar 2013 01:36:16 GMT

other than the car refinancing, I did apply for a lot of things the last two days trying to establish an account. Also still confused on all the wording and how the credit reports work so I may have not answered your question accurately lol.