Hi All,
I have learned so much from this site thank you so much for your wealth of knowledge! One very valuable bit of info I learned was about being an AU. When I was trying to build credit my father put me on his Macy's card. We both thought that would help because he had a large credit limit and never missed a payment. However his utilization was at 98%! He was killing my utilization percentage. So I called and had myself removed as an AU. However my scores I don't think reflect this change yet. When I check my FAKO Credit Karma it just updated yesterday and shows a 29 point increase due to the card coming off and now my utilization show 18%. I haven't received an alert either which after reading the forum on FICO I'm not sure if I will get one because it states we receive alerts if utilization change on account is more than 5% but mine is an actual account removal.
Will the monitoring eventually send me an alert with updated scores and I'm just being impatient or will I need to order a new report to see the changes?
Thank you everyone!
