@CH-7-Mission-Accomplished wrote:
@AzCreditGuy wrote:
@CH-7-Mission-Accomplished wrote:
@AzCreditGuy wrote:
There's a lot of information on AU here and it seems everyone agrees that the AU no longer benefits the AU for scores. I was under the impression as well.
On Sept 13th score of 800
7 personal CC
1 AU CC
$154 balance on my personal Cap1 cc
1 inquiry
On Sept 24th score 791
7 personal CC
$154 balance on my personal Cap1 cc
1 inquiry
I am at AZEO now and have removed the AU penalties that were affecting me before. I assume I am now being penalized for the high AZEO vs a low balance or that the AU CC did matter on my credit report?
Question: Did the AU account update to show ownership as "terminted," but stay on your reports, update to a zero balance and continue to report the account history?
TU has fully removed AU account from my report...I checked on Experian and TU Website itself
Can I ask who the lender was? Did you specifically request that it be deleted from your reports or did you just ask to be removed as an AU?
The reason I ask is that I have never had an AU account, where I asked to be removed, fall of my reports. They just update ownership to "terminated," update the balance to zero, keep the history and move to the closed accounts section. I've had accounts with AMEX, Chase, BofA, Cap 1, Barclay's, Discover, BECU ... and none of them fell off my reports when I asked to be removed. Had I told them I wanted the account deleted entirely, I'm sure they would have, or I could dispute them off, but there is zero reason to want to get a satisfactory AU account removed from your reports. It will continue aging for 10 years, the balance will be zero (no matter the actual card balance) and the credit history remains. Also, you can be added back as an AU at any time. I did this recently as my "terminated" accounts were terminated four years ago and I wanted to get them active again so they update the last four years' worth of history and extend the 10-year fall-off date, and then I will have myself terminated again. You can be added and removed as often as the primary cardholder is willing to accomodate you.
I also don't believe the AU fraud detection is a real thing. There are companies that engage in business (of which we shall not speak its name), some of them quite large, and they would not stay in business were this true. One of these businesses uses John Ulzheimer, a former FICO executive, as their spokesperson. He would not associate his name with a fake business.
https://johnulzheimer.com/
Also, how on earth would FICO know the address of the primary cardholder and whether they share your last name? That data doesn't appear anywhere in your reports. I think we are giving them too much credit.
I know at one time the credit bureaus stopped counting AUs at all, and as I understand it there was such a ruckus that they backed off. I don't think you can count some AUs and disregard others. Call me skeptical of that claim. I believe it's urban lore.
There is no lender, I am choosing to be proactive and removing AU from my accounts since I no longer need them. AU accounts have been on my credit profile since prob 2000 and removed by legal letters (when they were still showing up) and than put back on again for my rebuild. I can say for sure, they are not showing up on my TU and have been fully removed.
Experian is a different story as I asked Chase to remove my AU and they said they did, but I still see Chase on my EX
JPMCB CARDExceptional payment history
Account info
Account nameJPMCB CARD
Account number40xxxXXXXXX
Original creditor-
Company sold-
Account typeCredit card
Date openedAug 26, 2003
Open/closedOpen
StatusOpen/Never late.
Status updatedJun 2023
Balance-
Balance updated-
Credit limit$11,300
Credit usage-
Monthly payment$0
Last Payment DateMar 23, 2023
Highest balance$11,450
Terms-
ResponsibilityAuthorized user
