Will removing myself as auth user lower or increase my score?

[halos24]

My scores are below but here is my scenario.  Currently I have the following debt:

- A CU loan it was $9100 about a month ago, but currently at $2200 and will be paid off in about a month or so.  THis is a signature loan.

- Orchard Bank- CL $300 owe $256

- JcPenny - CL $1500 owe $576 They jsut gave me the CLI last week

- CU Visa- CL $2000 owe $1958

- Merrick Visa New- CL $750 owe $0

- BB Mastercard New - CL$500 owe $0

- Kohl's- New CL $300 owe $56

- AE Store Card New- CL  $150 owe $33 (pay it off before the statement even drops

But I have two other cards showing on my report where I am an authorized user under my husband.

-Chase CL$2000 owe $1903

- Citi CL $1000 owe $898

My question is since I am already showing two cards close to the limit above is it affecting me more or helping me to have the two cards as an authorized user on my credit report?  I was thinking of removing myself since I now have a few cards myself.  I am trying hard to continue to have my fico go up (hoping to buy a new house in about a year).  I still have baddies on my reports some 30, 60 and 1 90 days late, but it has been 2 years since.  Since then clean and never late.  I actually just opened the Kohl's, AE, Merrick Visa, and BB MC. 

[MarineVietVet]

It's hard to say what might happen if you remove yourself. If these accounts are much older than any of yours then losing that credit history and AAoA is a negative for you but the high utilization on these cards is also hurting you.

What you can do is remove yourself for a few months and see what happens to your score. You can always have yourself added back on the accounts at some point in the future.

May I ask where you got your scores? No one has been able to buy their own Experian FICO score since February of 2009. Creditors can pull Experian and also there is a CU in Pennsylvania that supplies that information to it's members only. You can only buy true FICO scores at a few places. One place is here at myFICO. I suggest you do an internet search for "myfico discount codes" to save a little money. You can also purchase your Transunion score at www.transunioncs.com. At www.equifax.com EQ will still seel you an EQ FICO score but they make it very hard to find.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

[halos24]

Well that is one thing the accounts for both Chase and Citi are from 2004, so I sort of figured that would be a drawback of removing myself.  My oldest account on my own would be my CU Visa that is from 2007. 

Regarding the scores Experian was given to my from my CU.  Actually, my score when they pulled it was 641 on 09/11/10 and then I purchased it from FCR/Experian but yet it now says 599 as of 10/04/10???? Are these true FICO scores??

 EQ and TU are from myfico.  Should I rely that these would be accurate?  I signed up for myfico watch, and get alerts just hoping it is accurate. 

Thanks again, I am new to the forums although I have been reading for a while, I finally decided to take a stab at it and post. 

[MarineVietVet]

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@halos24 wrote:

Well that is one thing the accounts for both Chase and Citi are from 2004, so I sort of figured that would be a drawback of removing myself.  My oldest account on my own would be my CU Visa that is from 2007. 

Regarding the scores Experian was given to my from my CU.  Actually, my score when they pulled it was 641 on 09/11/10 and then I purchased it from FCR/Experian but yet it now says 599 as of 10/04/10???? Are these true FICO scores??

 EQ and TU are from myfico.  Should I rely that these would be accurate?  I signed up for myfico watch, and get alerts just hoping it is accurate. 

Thanks again, I am new to the forums although I have been reading for a while, I finally decided to take a stab at it and post. 

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I would still remove myself and see what happens to the scores but that's just me. It's not a move that can't be reversed.

The scores from your CU and myFICO are accurate but anything you buy from FCR and/or directly from the Experian website are not FICO scores and cannot be compared to FICO scores in any way.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

[halos24]

Got it!  So, for now I will certainly rather take the 641 that my CU gave me a month ago for Experian.  I was refinancing the signature loan I have and that is when she gave me my score.  I have a few inquiries since then, and 4 new accounts so not sure how that affected the score. 

I used the FCR as curiosity, so is that what is called a FAKO score?  What normally is the difference on these from FAKO to actual FICO scores?

[MarineVietVet]

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@halos24 wrote:

Got it!  So, for now I will certainly rather take the 641 that my CU gave me a month ago for Experian.  I was refinancing the signature loan I have and that is when she gave me my score.  I have a few inquiries since then, and 4 new accounts so not sure how that affected the score. 

I used the FCR as curiosity, so is that what is called a FAKO score?  What normally is the difference on these from FAKO to actual FICO scores?

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I actually don't know where the term "FAKO" first started. To me it's a combination of the words "FICO and "fake" Thus you get "FAKO". That's just how I see it. 

Experian, TrueCredit, and others use a different scoring formula and sometimes different scoring ranges than FICO. For instance the VantageScore that is sold uses a range of 501-990 whereas FICO has a range of 300-850. Sometimes FAKO's can be higher or lower than FICO scores pulled on the same day. It's an exercise in futility to try and compare the two.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work