No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hi all,
This is my first post so please bear with me! I was - emphasis on the past tense - an authorized user on my parent's AMEX (they live close by and occasionally ask me to grab things at the store, etc). They never carry a credit card balance.
Now flash forward and during my current mortgage application (slated to close 30 June) learn my parents have charged $17K on their AMEX and it's dinging all my scores 14-20 points. My father called and closed the card immediately. I called the AMEX Credit Bureau Union and they assured me the $0 balance would reflect on my credit reports shortly.
Two follow up phone calls to AMEX, and even attempted disputes with Experian and Equifax, and I'm still showing an active AMEX with a $17K balance that I want GONE. During my last call to AMEX on 30 April they confirmed they're reporting $0 to all three bureaus and it would be reflected no later than 5 May. 10 days later it's still showing on all three reports.
When I call AMEX they say they're doing the right thing, when I call the bureaus they sall call AMEX. What's the best way forward for me to get this account successfully reflecting $0? Should I ask AMEX to send me a letter, open disputes with all bureaus, and attach the letter?? Appreciate thoughts/wisdom!
The solution is simple.
Get yourself removed as an AU, and the account reporitng deleted.
While they are still reporting the account to your credit file, closing the account does not result in the balance becoming $0.
It simply means the card is no longer upen for further charges.
Thus, it is unclear as to how continued reporting of the debt on the account is inaccurate...........
@Anonymous wrote:Hi all,
This is my first post so please bear with me! I was - emphasis on the past tense - an authorized user on my parent's AMEX (they live close by and occasionally ask me to grab things at the store, etc). They never carry a credit card balance.
Now flash forward and during my current mortgage application (slated to close 30 June) learn my parents have charged $17K on their AMEX and it's dinging all my scores 14-20 points. My father called and closed the card immediately. I called the AMEX Credit Bureau Union and they assured me the $0 balance would reflect on my credit reports shortly.
Two follow up phone calls to AMEX, and even attempted disputes with Experian and Equifax, and I'm still showing an active AMEX with a $17K balance that I want GONE. During my last call to AMEX on 30 April they confirmed they're reporting $0 to all three bureaus and it would be reflected no later than 5 May. 10 days later it's still showing on all three reports.
When I call AMEX they say they're doing the right thing, when I call the bureaus they sall call AMEX. What's the best way forward for me to get this account successfully reflecting $0? Should I ask AMEX to send me a letter, open disputes with all bureaus, and attach the letter?? Appreciate thoughts/wisdom!
Welcome to My Fico
Simply open disputes with all 3 CRAs disputing as "I am not responsible for repayment of the debt, was only an AU, please remove the entry from my credit file"