October 8, 2007

Removing an Authorized User….Why Not?

Filed under: Credit Cards,Credit Reports,Credit Scores

Thanks for the quick response to my question (Fire and Credit)

The accounts I was speaking of, I am just an “authorized user” and not a co-applicant. 

Would these vanish from my report if I’m removed as an authorized user, or would they still be there?

Sarah

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Hi Sarah,

They’ll still be there unless you authorized user skedaddle.  Keep in mind that FICO will no longer count authorized user accounts next year.  The change is supposedly in effect for Equifax already.  In light of the pending FICO algorithm changes and the fact that lenders do calculate a debt-to-income (DTI) ratio, moving forward, having an authorized user account on a credit report may be more of a liability than an asset.

Thanks for the questions and hope this helps.

Paul

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