@Anonymous wrote:
Uh oh-it is an Amex--the Costco one. We received a Costco membership as a present and he applied for the card and I actually asked to be added thinking it would help my credit.
I am going to call today and have myself removed. I am worried though because it sounds like Amex does not report accurately.
I called and then removed myself from the Chase card--when I called I asked when it would be reported to the credit bureaus and they said it was reported regularly and frequently -- I was nervous about this so I contacted Chase back asking if they could report to the credit bureau quickly and they sent me a form I faxed back to them in order to fulfill this request--so I will ask Amex if they will do the same.
The problem we had with the AmEx AU was that even though they did remove my husband as AU, the account continued to report on his reports. In the description it said that the account relationship had been terminated, but they continued to report the balance. We always pay before the statement cuts, but a large expense from our daughter's wedding reception came in on the statement date. So, for the first time, we've got a $3k balance reporting....not only on my reports, but still on my husband's. We think that maybe only TU was counting it in utilization...but we didn't think it should be reporting at all. We had to call AmEx's credit reporting segment that is only open M-F and get them to finally take it off. To talk to AmEx's credit reporting segment, you have to have a credit report in hand that is pulled specifically from one of the agencies (not through my FICO). We pulled one of my husband's reports through annualcreditreport.com. My husband was also an AU on my son's AmEx...and that one was still reporting with a balance as well, even though it also said account relationship terminated.
So...after we removed him as AU...we still had to go back to AmEx to get these two AU accounts to finally quit reporting. In case this happens with your AmEx, the best thing you can do is keep a zero balance on that card. That way, if it continues to report, until you can get it fixed for good, at least it won't impact utilization percentage.
