Need some advise!

  • Thread starter bradfordrodgers
  • Start date

B

bradfordrodgers

Ok here is my dilemna. Back in 2002, I was new in the credit arena. I
had literally no credit score. So, my mother added me as an authorized
user. About a year later,it did help me to aquire a mastercard, good
year card, target and mervyns charge card for a total credit of about
2,000 dollars.
The problem is my mother got sick and maxed out her credit card of
about$7,000 dollars. And it reflects on my credit score(630) with an
extreme high balance. If she took me off as an authorized user, would
this help or hurt my credit?

Would appreciate some input
Thanks

Brad
 
J

John A. Weeks III

Ok here is my dilemna. Back in 2002, I was new in the credit arena. I
had literally no credit score. So, my mother added me as an authorized
user. About a year later,it did help me to aquire a mastercard, good
year card, target and mervyns charge card for a total credit of about
2,000 dollars.
The problem is my mother got sick and maxed out her credit card of
about$7,000 dollars. And it reflects on my credit score(630) with an
extreme high balance. If she took me off as an authorized user, would
this help or hurt my credit?
I think you need to get your name off of this card no matter
what the impact to your credit record. Depending on how you
were added, it is possible that if she stops paying the bill,
they could come after you.

-john-
 
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B

bradfordrodgers

You are probably right. I do help her with the payments. ALthough she
makes only the minimum of 230, which will rise to 280 this december
because of new regulations.
If I got off as an authorized user now, since my credit relatively
young, could it hurt it?
Whatever I beginning t think the concept of an authorized user is
dangerous one
 

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