Account Name GEMB/LOWES Account # 79819234XXXX Account Type Revolving Charge Account Balance $686.00 Date Opened 6/1/2001
Account Status Open Mo. Payment $20.00 Close Account Details Past Due Payment Status Current High Balance $3,468.00 Limit $4,800.00 Terms Revolving Comments
It's the only positive account on my fiances credit report, he's an authorized user. Should we keep him on there or take it off? The thing I'm concerned about is the util. I'm a newbie to this stuff tho, so I really can't tell what it is.. any advise?
While the util is a tad high (14%), removing the acct would only hurt his score. If this is his only positive account, then likely he has no other open CCs. Removing it would kill his mix of credit and would see a significant score loss. Also, removing it could drop the AAoA. This acct is almost 8 yrs old. If his AAoA is younger than 8 yrs, he's see a large drop due to that too.