Authorized user on cc..remove or don't remove

[Anonymous]

Currently my TU score is 617 and I've been an authorized user on a credit card for 5 years which is my oldest line of credit, after that my only other line of credit is 6 months. The issue is the credit utilization on the card I'm on is at 90 percent but with always on time payments. Would it be better to get off the card and lower my utilization or stay because it's my oldest line of credit? Any help would be great!

[ezdriver]

Drop the au and get a couple of tradelines in your own name. Five years is too long to be relying on someone else's credit to support your own. 

[gdale6]

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@Anonymous wrote:
Currently my TU score is 617 and I've been an authorized user on a credit card for 5 years which is my oldest line of credit, after that my only other line of credit is 6 months. The issue is the credit utilization on the card I'm on is at 90 percent but with always on time payments. Would it be better to get off the card and lower my utilization or stay because it's my oldest line of credit? Any help would be great!

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Welcome to my fico

As already stated, drop yourself as AU its doing more harm than good. You want 3 cards minimum in your own name to help drive your Fico.

[Anonymous]

Agree with all the about posters...

[Anonymous]

I have been building my own credit and currently have three credit cards in my own name with perfect payment. Thank you for the replys. I just didn't want to drop off as the au and my score drop

[RobertEG]

.... but when the AU is removed, your score will then reoresent an assessment of your own risk.

With the AU, it does not.

A score improvment that a potential creditor sees as not having come about based on your history can easily be discounted.

[Anonymous]

Im sorry as im sure I seem and am super ignorant to this. Are you saying my score could go down when taking myself off as an AU?

[MarineVietVet]

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@Anonymous wrote:

Im sorry as im sure I seem and am super ignorant to this. Are you saying my score could go down when taking myself off as an AU?

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It's hard to say. The high utilization on that account is definitely hurting you but removing yourself from the account as an AU means you'll lose it's entire history and that might be even more damaging.

Take yourself off the account and see what happens to your scores.

You can always be added back in the future.

[Existentialist]

Here's the thing... DONT be overly concerned with your score(s) right now. Your focus (and goal) should be to build up your credit profile. Assuming your score(s) did drop it would only be temporary as continuing to build and maintain positive history will eventually offset. There is a tendency to overemphasize scores relative to credit which is a common mistake. Be patient stay focused and hav a workable plan toward building positive credit and the rest will work itself out. Good luck.

[Anonymous]

I was in a similar situation like you few months ago. I removed myself as authorized user and my score went up over 100 points. Not kidding. I applied for new credits and now I can say I have 5 new accounts in my name and score still going up. Went from 530 to 636. Now I have so many inquiries but I am done applying till next 2 years when all inquiries fall off the same month. Lol.