topic Re: Removed as Authorized User in Rebuilding Your Credit

Removed as Authorized User

Queen_Etherea — Wed, 13 Jun 2018 17:31:46 GMT

Ok so my dad added me as an authorized user on his account about 2 years ago. His credit limit was $16,000, but he quickly added up the charges and used about 98% of that card. I know this has a HUGE impact on my score, as it shows I owe around $15,000 now and 95% of my credit is unavailable. I have 2 credit cards on my own, both of which I pay on time and have low utilization.

So anyways, my dad contacted his bank and had them remove me as an authorized user. This was about a month ago, but still hasn't been reported to any agencies. Should I just wait it out, or can I maybe open a dispute with TransUnion to move the process along? My credit has been at 595 for the past like 6 months and I've been working hard on trying to get it to the 700's, but I feel like this account is really holding me back.

Re: Removed as Authorized User

gdale6 — Wed, 20 Jun 2018 00:09:26 GMT

@Queen_Etherea wrote:
Ok so my dad added me as an authorized user on his account about 2 years ago. His credit limit was $16,000, but he quickly added up the charges and used about 98% of that card. I know this has a HUGE impact on my score, as it shows I owe around $15,000 now and 95% of my credit is unavailable. I have 2 credit cards on my own, both of which I pay on time and have low utilization.

So anyways, my dad contacted his bank and had them remove me as an authorized user. This was about a month ago, but still hasn't been reported to any agencies. Should I just wait it out, or can I maybe open a dispute with TransUnion to move the process along? My credit has been at 595 for the past like 6 months and I've been working hard on trying to get it to the 700's, but I feel like this account is really holding me back.

It should update at the regularly scheduled time for monthly reporting and if it doesnt then you can dispute to have it removed as not responsible for the account.

Re: Removed as Authorized User

silver_idle — Wed, 20 Jun 2018 00:19:56 GMT

You can generally dispute the AU account that is being reported and the CRA will remove it. I do not know if that option is still there it would be a option to to dispute an authorized user account or you could also dispute saying youre not liable and they will remove it within 30 days (usually in a couple of days).