How do lenders look at AU utilization

[Anonymous]

Hello Fico Fam!  

So how do lenders look at util on accounts that you are AU on?  I'm AU on a card my DM has and the balance went up significantly as they are remodeling their kitchen...I dropped my EX Fico 8 19 points when it reported which was a bummer because end of the month I was considering apping for either Amex Hilton Surpass or Amex Gold....oh well.  

Thanks for your input in advance, and who knows maybe I will find myself in the credit garden in addition to my Veggie Garden!

edited for grammatical issue

[coldfusion]

The automated algorithms generally screen out AU accounts when evaluating your credit profile.  They generally aren't relevant when determining creditworthiness since you aren't personally liable for payment.  At one point there was a budding and ethically challenging cottage industry that abused the practice and the industry's response was in effect to choose to ignore them when making actual credit decisions.

[Anonymous]

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@coldfusion wrote:

The automated algorithms generally screen out AU accounts when evaluating your credit profile.  They generally aren't relevant when determining creditworthiness since you aren't personally liable for payment.  At one point there was a budding and ethically challenging cottage industry that abused the practice and the industry's response was in effect to choose to ignore them when making actual credit decisions.

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Thanks for that info! Shame my score tookt he hit, it was at 691 EX now its 672 EX, and for reference the Amex Fico8 reports as 673.

I'm presuming that I'd need to wait a bit and get the scores higher to be approved for another Amex...currently 0 in the Deathmedic911, you preapproved language when I "test the water".

[W261w261]

I would take a shot at the Gold card.  If it matters, go for the rose gold.  Women seem to love it.  You have an Amex card already, so it's going to be a SP.  There's some anecdotal evidence (including mine) that Amex for some reason does not use real-time scores.  So if yours just came down, if you app now, it might see a 691 for you, in spite of it showing you a 673.  Go figure, but that's what has apparently happened between the left and right hand.  And anyway, what do you have to lose?

[yoshee08]

My mortgage lender took it into consideration. I'm going through UWM as the lender, and they don't seem to care that its an AU. Since its on my report they factored it in.