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Authorized User advise

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Anonymous
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Authorized User advise

Hello all long time lurker of the fourum. My question is I'm on my brother's account as a authorized User he informed me that the uti is over 50% and the bill is due on the 12th if he removes me now will I Dodge the report coming on the 15th?
Message 1 of 6
5 REPLIES 5
Kforce
Valued Contributor

Re: Authorized User advise


@Anonymous wrote:
Hello all long time lurker of the fourum. My question is I'm on my brother's account as a authorized User he informed me that the uti is over 50% and the bill is due on the 12th if he removes me now will I Dodge the report coming on the 15th?

1) Depends on issuer, maybe, maybe not.

 

2)  Fico scores and utilization are numbers that are always changing.

      They only count if you are trying to get a new CC or other loan, else it's just a number.

       If your brother is going to pay it down before you need a loan, who cares ?

       If this is an unusual occurrence, write it off as such

 

3)  If he often has high utilization.

     You need to decide if it might be wise to be removed

     Only you know if this a norm or unusual event

 

Message 2 of 6
Anonymous
Not applicable

Re: Authorized User advise

I'll probably just remove myself... I'm at 8% total uti across all 3 bureaus with 6 accounts reporting on each and just reached 700 for the first time in my life and don't want to lose points after only a week.
My brother has no late payments or negatives ever on that account and always keep his UTI at around 20% but this one payment will just be the minimum payment at a 50% UTI on the card
Message 3 of 6
FlaDude
Valued Contributor

Re: Authorized User advise


@Anonymous wrote:
I'll probably just remove myself... I'm at 8% total uti across all 3 bureaus with 6 accounts reporting on each and just reached 700 for the first time in my life and don't want to lose points after only a week.
My brother has no late payments or negatives ever on that account and always keep his UTI at around 20% but this one payment will just be the minimum payment at a 50% UTI on the card

Forget the 50%, the bolded part alone is probably not doing you any favors. Is this card a lot older than your own cards? If so, that could impact oldest and average ages. If not, then drop it.

Scores: March 21 FICO 8: EX 810, TU 808, EQ 813
AoOA: closed: 36 years, open: 25 years; AAoA: 11.8 years
Amex Gold, Amex Green, Amex Blue, Amex ED, Amex Delta Gold, Amex Hilton Surpass, BoA Platinum Plus, Chase Freedom Unlimited, Chase Amazon, Chase CSP, Chase United Explorer, Citi AA Plat, Sync Lowes, Sync JC Penney - total CL 145k
Loans: Chase car loan (35k/6yrs 0.9%)
Message 4 of 6
CreditInspired
Community Leader
Super Contributor

Re: Authorized User advise


@Anonymous wrote:
Hello all long time lurker of the fourum. My question is I'm on my brother's account as a authorized User he informed me that the uti is over 50% and the bill is due on the 12th if he removes me now will I Dodge the report coming on the 15th?

UT has no memory. So, if scores drop this month, and he PIF next month, scores will go back up.


|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macys $24.2K || NFCU CLOC $15K || NFCU Platinum $15K || CitiCostco $12.7K || Chase FU $12.7K || Apple Card $7K || BOA CashRewards $6K
Message 5 of 6
Anonymous
Not applicable

Re: Authorized User advise

Thank you for the advice I think I can relax now lol it's just been a long flight to get where I'm at
Message 6 of 6
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