I had my sister add me as an AU to her Amex gold charge card in May of 2013. I had her add me with the hopes that I could get the card backdated to my 2009 Member since date from my corporate card.
I was able to get AMEX to change the memeber since date but it has never been reflected in the credit reporting. Now this card is hurting me, more than helping. Its showing as a new account opened in May 2013 and it also reports a balance every month since it is a charge card.
Im aware that most of the FICO models dont count the balance in scoring except for the TU 98 on here but what about the debt to income ratio?
The card recently reported the balance at 23K. I had requested a credit limit increase on my Amazon card and it was denied. Letter listed escalating debt as the first denial reason. My util without the AMEX was at 30% so I was wondering if the AMEX is causing that denial.
Im going to have my sister remove me. Should I dispute with the CB's as not mine or write a letter stating that I am no longer an AU and woudl like this account removed form my CR?
Any insight on this is much appreciated.
Simply have her SM or call Amex to delete you as AU, then dispute the account as not yours a couple days later. It will be gone within 30 days.