Ok so my dad added me as an authorized user on his account about 2 years ago. His credit limit was $16,000, but he quickly added up the charges and used about 98% of that card. I know this has a HUGE impact on my score, as it shows I owe around $15,000 now and 95% of my credit is unavailable. I have 2 credit cards on my own, both of which I pay on time and have low utilization.
So anyways, my dad contacted his bank and had them remove me as an authorized user. This was about a month ago, but still hasn't been reported to any agencies. Should I just wait it out, or can I maybe open a dispute with TransUnion to move the process along? My credit has been at 595 for the past like 6 months and I've been working hard on trying to get it to the 700's, but I feel like this account is really holding me back.
@Queen_Etherea wrote:Ok so my dad added me as an authorized user on his account about 2 years ago. His credit limit was $16,000, but he quickly added up the charges and used about 98% of that card. I know this has a HUGE impact on my score, as it shows I owe around $15,000 now and 95% of my credit is unavailable. I have 2 credit cards on my own, both of which I pay on time and have low utilization.
So anyways, my dad contacted his bank and had them remove me as an authorized user. This was about a month ago, but still hasn't been reported to any agencies. Should I just wait it out, or can I maybe open a dispute with TransUnion to move the process along? My credit has been at 595 for the past like 6 months and I've been working hard on trying to get it to the 700's, but I feel like this account is really holding me back.
It should update at the regularly scheduled time for monthly reporting and if it doesnt then you can dispute to have it removed as not responsible for the account.
