@mspiggybank wrote:
Hi All: Looking for advice on whether or not to "close" an account. I'm an authorized user on my ex-husband's credit card. I've asked him to remove me, but he hasn't yet (recently divorced). Before I push the issue, I wonder if you nice folks can help me with some strategic thinking. He pays the bill every month on time, but his credit card is at about 95% utilization. For example, his balance just increased by $200 and it caused my score to drop 7 points. His one credit card is almost equal to the balance on my three cards put together. So, my utilization is showing at 48% even though my cards are paid off. HOWEVER, his account is the oldest on my credit report by far. I consolidated my student loans last year, so now they are technically only 1 year old. My credit cards range from 5 - 8 years old. His card is 18 years old. I'm looking to move in 2 months so don't want to tank my credit right now. Do you think that removing his card will cause a big drop b/c of the age of my accounts? My scores are around 650 right now so I'm really not able to absorb a huge drop while I'm applying for apartments. Would you recommend keeping the card on there until I confirm an apartment or remove it immediately because of the utilization issue? Thanks in advance for any advice!
Util does more of a sting than age. If he wont remove you. Not knowing which lender your talking about. You can call and explain the situation and ask to be removed.
