High Credit Usage Question

[Anonymous]

I am getting ready to finish graduate school and trying to get my financial house of cards in order.

I have several credit cards in my name that range from 2-5 years in age, and they are all current with zero balances.

I am also an authorized user on three of my parents' accounts which are all over 10 years in age, yet while they are current, they are all practically maxed out--usage is over 80%.

Due to those accounts, my overall credit usage is currently at 83%.

Would it be better for me to be removed as an authorized user so that I just have my three accounts on my credit?

Thank you in advance for your advice.

[RSX]

Yes. Get removed. The high Util is hurting more than the extra Age gives you

[AllZero]

Agreed with the above.

In addition, once AU is off your reports, you may be penalized for going all zero. You want to report credit usage. Have a $5-$10 statement report. For optimized scoring; aggregate utilization 8.9% or below, individual utilization 28.9% or below. See AZEO, All Zero Except One card reporting a balance.

[tcbofade]

Yes.  It was awesome of your parents to help you get your credit started, but now it's time to lose the AU affiliation if you don't need it.

[CreditInspired]

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@Anonymous wrote:

I am getting ready to finish graduate school and trying to get my financial house of cards in order.

I have several credit cards in my name that range from 2-5 years in age, and they are all current with zero balances.

I am also an authorized user on three of my parents' accounts which are all over 10 years in age, yet while they are current, they are all practically maxed out--usage is over 80%.

Due to those accounts, my overall credit usage is currently at 83%.

Would it be better for me to be removed as an authorized user so that I just have my three accounts on my credit?

Thank you in advance for your advice.

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Yes, yesterday!

[CreditInspired]

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@tcbofade wrote:

Yes.  It was awesome of your parents to help you get your credit started, but now it's time to lose the AU affiliation if you don't need it.

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Excellent point Tcbofade. Thanks for saying it. 

[Anonymous]

+100 to the above. And then when your score comes up, go get you a couple more. Then retire to the Garden for a while, at least 12 months for maximum score increase. Permanently, if you don’t need anything else.

[CreditInspired]

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@Anonymous wrote:
+100 to the above. And then when your score comes up, go get you a couple more. Then retire to the Garden for a while, at least 12 months for maximum score increase. Permanently, if you don’t need anything else.

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Yeah, right 😂🤣😆 @Anonymous. Tell that to the MF masses. I cant wait to start applying again. So sad--it really is 🙁

[Anonymous]

@CreditInspired He still a newbie we haven’t rubbed off on him yet, give him a little time! 😉

[CreditInspired]

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@Anonymous wrote:
@CreditInsired He still a newbie we haven’t rubbed off on him yet, give him a little time! 😉

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🤣