Wifes Credit Report question

Anonymous · ‎08-09-2016

I filed for bankruptcy in April, and it was discharged on Monday.

My question is we pulled my wifes credit report yesterday and saw that one of the credit card accounts that was a part of the bankruptcy was listed on her report still.

She was listed as an authorized user on the card.

Will this eventually fall off of her report or do we need to get that taken care of ourselves.

Will this account effect her credit report. It was showing 10000 dollars on her line of account balances.

Thanks

Anonymous · ‎08-09-2016

@Anonymous wrote:
I filed for bankruptcy in April, and it was discharged on Monday.

My question is we pulled my wifes credit report yesterday and saw that one of the credit card accounts that was a part of the bankruptcy was listed on her report still.

She was listed as an authorized user on the card.

Will this eventually fall off of her report or do we need to get that taken care of ourselves.

Will this account effect her credit report. It was showing 10000 dollars on her line of account balances.

Thanks

I don't know if anyone else will chime in, but here's what I think. If she was an Auth user, it will list it as such on her credit so it won't be as if SHE filed BK. It's just reporting as an auth user, and then the primary filed bk. It will affect her credit some, just since she won't have that account being reported as open/good standing on her report, so she's not really benefiting from it as if she would if it's open. I guess you COULD see if you could dispute it, or possibly call the creditor and ask for her to be taken off as auth user. I really haven't seen very many cases where one spouse files and the other doesn't. However in my financial background we do see that YES it's just an auth user, it's not as if they did a bk when making loan decisions.

Anonymous · ‎08-09-2016

I would dispute it with each of the CRA's as account not mine. This will get the AU removed.

This account is not helping her at all with a negative remark on it. Each lender (and computer generated code) treats AU's differently so I would get it removed to avoid any potential approval issues.

Scupra · ‎08-09-2016

@Anonymous wrote:
I would dispute it with each of the CRA's as account not mine. This will get the AU removed.

This account is not helping her at all with a negative remark on it. Each lender (and computer generated code) treats AU's differently so I would get it removed to avoid any potential approval issues.

This exactly! ASAP as well

Anonymous · ‎08-09-2016

Just so you know currently here is what it states on Equifax

Is it fair to say at some point this info will change to a delinquent account - there were no late payments associated with this account

Status as of Apr, 2016

Date opened Oct, 1997

Date of last activity Apr, 2016

Loan type Credit Card

Credit limit $9,900

Largest past balance $10,176

Account Type Revolving

Account holder Authorized User

Scheduled Payment Amount $508

Industry National Credit Card Cos.

Balance Current Status

$10,176 Pays account as agreed

Seven†year†payment†history

30 days late 0 times

60 days late 0 times

90+ days late 0 times

Worst†Delinquency

None Reported

Scupra · ‎08-09-2016

@Anonymous wrote:
Just so you know currently here is what it states on Equifax

Is it fair to say at some point this info will change to a delinquent account - there were no late payments associated with this account

Status as of Apr, 2016
Date opened Oct, 1997
Date of last activity Apr, 2016
Loan type Credit Card
Credit limit $9,900
Largest past balance $10,176
Account Type Revolving
Account holder Authorized User
Scheduled Payment Amount $508
Industry National Credit Card Cos.

Balance Current Status
$10,176 Pays account as agreed

Seven†year†payment†history
30 days late 0 times
60 days late 0 times
90+ days late 0 times

Worst†Delinquency
None Reported

It is going to change, yes.. She is an AU so it isn't her account. That's why it was recommended to dispute the account with all 3 CRA's as "not mine"

Anonymous · ‎08-09-2016

@Anonymous wrote:
I would dispute it with each of the CRA's as account not mine. This will get the AU removed.

This account is not helping her at all with a negative remark on it. Each lender (and computer generated code) treats AU's differently so I would get it removed to avoid any potential approval issues.

+1

Definitely dispute this off ASAP - it's not hers, so choosing 'I am not responsible" or the like will make it disappear - FICO doesn't wight as heavily for AU accounts as for owned accounts...but it still rates for them

Anonymous · ‎08-09-2016

Is it ok to do online or best to write a letter....for this type of issue

Anonymous · ‎08-09-2016

@Anonymous wrote:
Is it ok to do online or best to write a letter....for this type of issue

for an open and shut case like this one Online should get it done

Scupra · ‎08-09-2016

Agreed, online.. it should be straight forward