AU Late Payment and Max Out

Anonymous · ‎09-07-2007

Hi Guys, this forum is a god send, thank you for all the help from everyone.

This is my first post so bare with me. I recently called Chase because I was an AU on 2 of my mom's CC and asked to have them removed from my CR. Card(A) had a large balance which was killing my DTI but great credit history for a number of years. Card(B) was at 0% UTIL but had a late fee 1.5 years ago, which concerned me. Did I do the right thing?

Thanks

Anonymous · ‎09-07-2007

The UTI on card A was hurting, but the Hx removal may hurt you worse... How long is the rest of your Hx?

Also if card B had a large available CL it will also impact your own Revolving UTI%

At the end of the day the AU should have been temporary anyways, but these are things to consider when having the TLs removed from your CRs.

Good Luck.

Rob

Anonymous · ‎09-07-2007

Thanks Rob

I was kinda worried about the Hx being an issue...I have closed CCs from 10 or so years back but with these two AU cards gone it leaves only my current CC of about 6 months open and a couple of new CCs I just opened. (CAP1 and Express) On Card (A) it did have a nice 7600.00 limit but had a balance of about 5500.00. Overall I guess you're right since they wont be counting AU cards soon anyway it wont matter what I would have done.

Thanks alot for the advice

Message Edited by alexsandoval25 on 09-07-2007 12:05 PM

Anonymous · ‎09-07-2007

alexsandoval25 wrote:
Thanks Rob

I was kinda worried about the Hx being an issue...I have closed CCs from 10 or so years back but with these two AU cards gone it leaves only my current CC of about 6 months open and a couple of new CCs I just opened. (CAP1 and Express) On Card (A) it did have a nice 7600.00 limit but had a balance of about 5500.00. Overall I guess you're right since they wont be counting AU cards soon anyway it wont matter what I would have done.

Thanks alot for the advice

Message Edited by alexsandoval25 on 09-07-2007 12:05 PM

advice for the future: Never close a CC unless you must....it gives you HX......do not use Cap1 onless you must...only use 1 time a year & PIF...they do not show CL only high bal. which hurts UTIL

Anonymous · ‎09-07-2007

Thank Happy

I didnt want to use CAP1 since Id read so many horror stories but figured i'd get approved easy. I only plan to use them for my Gym Membership and PIF each month. Now, I've heard they where going to start to show limits which is another reason i did it, well see.