AU Score Decreased 14 points! Please help!

[BearWebb85]

So my father agreed to add me as an authorized user on his Discover card.  The card has 20 years of on time payment history (no lates), a credit limit of $12,000 and the balance is never over $500 that is carried on the card.  When the account posted to my Experian FAKO score I saw a 43 point increase.  I got notification today that the account had posted to my TransUnion account.  So when I pulled my FICO score my score went from a 599 to a 585.  Nothing else on my report changed.  Any idea as to why this occured?

[madmann26]

AAOA change/rebucket, assuming that the history was reported along with it.

[BearWebb85]

What do you mean exactly?  Sorry I a newbie just starting out my journey repairing my credit.  Thanks for the help!

[madmann26]

There are a lot of things that affect AAoA.

Based on your average AAoA (and other factors), you are grouped together with people that have similar histories. This is called the bucket. Rebucketing occurs when things affect your credit report, either positively or negatively change certain things. AAoA, BK, CO, CA, etc affect the bucketing process. I'm sure there are probably others but hopefully you get the jist of it.

For 14pts, I wouldn't worry about it really. You'll get it back.

[BearWebb85]

That was very helpful.  My AAoA before this was 5.5 years, so adding a card with a 20 year life probably put me in a new bucket?  Over time will being a AU on this card since it has such a good standing & credit history benefit me? 

[madmann26]

It will help, yes.

Some companies don't weight AU accounts as much as your own accounts. There are some theories as to who does/doesn't but I think that would show up on the creditors internal scoring system.

[BearWebb85]

Thanks for the info!  I am in the midst of really rebuilding from the ground up.  I have 8 CO's on my credit report & 6 collections.  I have succesfully GW 3 of them and they should be removing in the next 30-45 days.  Otherwise I have a Capital One (secured) & a FingerHut account.  Both I keep my utilization around 7% on.  Will it just take a few months for my credit score to adjust to its new bucket and then see a nice increase?

[madmann26]

Are the CO's from previous CC's?

If so, pay those first. Thank me later.

[BearWebb85]

The CO's are from CC's.  Hoewever, the CC's sold the debt to CA's.  I have tried to call the OC's and they give me the CA contact.  I have been able to pay off all of the CA's except 2.  I am still working to get PFD with them (Asset Acceptance & Millenium).  I am writing GW letters each month to all of the CC's that were CO that I have paid.  None of them have budged so far in removed the paid CO's but I plan to keep sending them letters each month.  I also have 2 Satisfied Judgments on my reports from 3 years ago.  Not sure if it is possible to have these vacated or not?  Any additional info to help me continue to progress forward would be greatly appreciated!

[madmann26]

The judgements (satisfied or not) are the score killers here. The 2 CO's are hurting but not like the judgements.

Get the plaintiff's attorney to file a motion to vacate, that will remove the judgements.