Remove maxed out Authorized User account?

BuffaloBoy · ‎04-02-2015

I am an Authorized User on a 1 year old credit card with a $4000 limit and a $4100 balance.

Should I ask to be removed as an authorized user on this account?

Anonymous · ‎04-02-2015

@BuffaloBoy wrote:
I am an Authorized User on a 1 year old credit card with a $4000 limit and a $4100 balance.

Should I ask to be removed as an authorized user on this account?

Yes. It's very bad for your credit score. I'd close it unless the owner of the account has plans to pay it down it immediately to below 10%

RobertEG · ‎04-02-2015

Being maxed out indicates living on credit.

With no more ability to increase balance, chances of delinquency may skyrocket.

I would get removed ASAP.

Anonymous · ‎04-02-2015

Hmm.. Wouldn't it then show up on the CR as has having been removed with a high balance?

And does in not then continue to show on your CR for 7 years? Or have I got it all back-to-front again?

H.

tonyjones · ‎04-02-2015

@RobertEG wrote:
Being maxed out indicates living on credit.
With no more ability to increase balance, chances of delinquency may skyrocket.
I would get removed ASAP.

Most lenders don't care about AU accounts I thought. I know when I recon'd with Chase/Barclays, they didn't take the AU balance into consideration at all. I think this is because the AU can be removed at any time, unlike the Primary.

@Anonymous wrote:
Hmm.. Wouldn't it then show up on the CR as has having been removed with a high balance?
And does in not then continue to show on your CR for 7 years? Or have I got it all back-to-front again?

H.

When it's removed since it's AU it disappears completely. It's not like closing a individual account.

Current Fico Scores: (November 2025)

BuffaloBoy · ‎04-03-2015

Trust me, they care.

When the balance went up $4,000 - my score dropped 30 points.

gdale6 · ‎04-03-2015

@tonyjones wrote:
@RobertEG wrote:
Being maxed out indicates living on credit.
With no more ability to increase balance, chances of delinquency may skyrocket.
I would get removed ASAP.
Most lenders don't care about AU accounts I thought. I know when I recon'd with Chase/Barclays, they didn't take the AU balance into consideration at all. I think this is because the AU can be removed at any time, unlike the Primary.

@Anonymous wrote:
Hmm.. Wouldn't it then show up on the CR as has having been removed with a high balance?
And does in not then continue to show on your CR for 7 years? Or have I got it all back-to-front again?

H.
When it's removed since it's AU it disappears completely. It's not like closing a individual account.

It depends on the lender some stay with "relationship terminated" and the balance zeroed out for the AU.

tonyjones · ‎04-03-2015

@gdale6 wrote:
@tonyjones wrote:
@RobertEG wrote:
Being maxed out indicates living on credit.
With no more ability to increase balance, chances of delinquency may skyrocket.
I would get removed ASAP.
Most lenders don't care about AU accounts I thought. I know when I recon'd with Chase/Barclays, they didn't take the AU balance into consideration at all. I think this is because the AU can be removed at any time, unlike the Primary.

@Anonymous wrote:
Hmm.. Wouldn't it then show up on the CR as has having been removed with a high balance?
And does in not then continue to show on your CR for 7 years? Or have I got it all back-to-front again?

H.
When it's removed since it's AU it disappears completely. It's not like closing a individual account.
It depends on the lender some stay with "relationship terminated" and the balance zeroed out for the AU.

How about American Express?

Current Fico Scores: (November 2025)

gdale6 · ‎04-03-2015

@tonyjones wrote:
@gdale6 wrote:
@tonyjones wrote:
@RobertEG wrote:
Being maxed out indicates living on credit.
With no more ability to increase balance, chances of delinquency may skyrocket.
I would get removed ASAP.
Most lenders don't care about AU accounts I thought. I know when I recon'd with Chase/Barclays, they didn't take the AU balance into consideration at all. I think this is because the AU can be removed at any time, unlike the Primary.

@Anonymous wrote:
Hmm.. Wouldn't it then show up on the CR as has having been removed with a high balance?
And does in not then continue to show on your CR for 7 years? Or have I got it all back-to-front again?

H.
When it's removed since it's AU it disappears completely. It's not like closing a individual account.
It depends on the lender some stay with "relationship terminated" and the balance zeroed out for the AU.
How about American Express?

dont know

takeshi74 · ‎04-06-2015

@BuffaloBoy wrote:
I am an Authorized User on a 1 year old credit card with a $4000 limit and a $4100 balance.

Should I ask to be removed as an authorized user on this account?

Revolving Utilization falls under Amounts Owed. Given the relative size of the slice, I'd say yes.

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

@tonyjones wrote:
Most lenders don't care about AU accounts I thought.

@BuffaloBoy wrote:
Trust me, they care

Some do, some don't. Don't rely on generalizations like the ones above. If one is counting on accounts where one is an AU to improve credit then one should avoid tradelines with high utilization, derogs, etc.

@BuffaloBoy wrote:
When the balance went up $4,000 - my score dropped 30 points.

Your score and whether a given creditor factors in accounts where one is an AU are two entirely different things.