AU help!

[Anonymous]

Quick question. My mother accepted a BT offer from Wamu 2 months ago, during the app process she put me down as an additional card holder, my SSN# was not given. I received a card from Wamu with my name on it, but I felt for sure since my SSN# was not given it would have no impact on my credit. Well.. i check my CR today and I'm on an as AU and the WAMU debt is included in my debt to credit ratio. I'm thinking i need to have her call and take me off.  Is it hurting me??

[Anonymous]

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turbowrx wrote:

Quick question. My mother accepted a BT offer from Wamu 2 months ago, during the app process she put me down as an additional card holder, my SSN# was not given. I received a card from Wamu with my name on it, but I felt for sure since my SSN# was not given it would have no impact on my credit. Well.. i check my CR today and I'm on an as AU and the WAMU debt is included in my debt to credit ratio. I'm thinking i need to have her call and take me off.  Is it hurting me??

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Okay, if the card is maxed or has a high balance, yes, it is hurting your credit score but not for long.  FICO08 is going to be doing away with the AU impact on the score.  I would adise anyone thinking of becoming an AU on an account to ask the person adding you to add you to a card on which they keep a low balance.  Is the history on the card a long one?  If not that could also effect you.  If it is an old account the uti may not be hurting you as much as the age is helping you.

[Anonymous]

It could be hurting you depending on where you Util is, but all the CRA are taking AU out of there scoring models starting in 08'.  So it won't make a difference for long!

Message Edited by chiwiseguy on 12-08-2007 09:16 AM

[Anonymous]

No she just opened it 2 months ago.  I understand it was a kind jesture of hers, but I have her on the phone with them now removing me. The balance is high because of the BT but I see that its really hurting me.

Message Edited by turbowrx on 12-08-2007 09:19 AM

Message Edited by turbowrx on 12-08-2007 09:20 AM

[Anonymous]

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turbowrx wrote:

No she just opened it 2 months ago.  I understand it was a kind jesture of hers, but I have her on the phone with them now. The balance is high because of the BT but I see that its really hurting me.

Message Edited by turbowrx on 12-08-2007 09:19 AM

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Definitely not good as in addition it would reage your credit fle as much s a new card approval.

[Anonymous]

Thanks guys!!!!