About Lnwright42

Lnwright42 · ‎February 5, 2019

This did the trick!! Thank you so much. My score increased by 104 points just by specifically asking for what you suggested.

Lnwright42 · ‎February 5, 2019

UPDATE: Thanks for all the responses and help! I got my dad to call American Express again and specifically tell them to close the account in my name, instead of just removing me as an authorized user. They did so at the beginning of January, so it has now been reported to the credit bureaus and my score increased by 104 points! Thanks for the advice!

Lnwright42 · ‎January 4, 2019

Thanks for your help and suggestions. Update: Amex had not “closed” the account under my name, but had basically “paused” my status as an authorized user. They’ve now changed the account to closed and said that it should show on my credit report in 30-45 days. Crossing fingers to see a big difference in my credit score. Thanks again!

Lnwright42 · ‎December 21, 2018

Your parents did it well! My parents ingrained a strong work ethic in us and encouraged us to stay away from depending on credit cards. So, at 25 years old, I had paid for college, a car, rent and all of my other bills in cash. I was ready to buy a home, but couldn’t because I had NO established credit. I spent 2 years building credit just to be approved for a home loan. DEFINITELY educate your kids about the healthy way to use credit. It’s sad that we have to be indebted to a card or bank in order to make large purchases, but that’s the world we live in!

Lnwright42 · ‎December 21, 2018

As a 25 year old, I had no credit as I’d lived on the “dont buy it unless you have cash for it” mentality. When ready to buy a house, I spent 2 years building credit. I was added as an authorized user on my parents Amex to help bump my score. Well, I’ve been a homeowner for over a year now and have been removed as an authorized user on the card. However, it still shows on my reports and affects my score because it looks like my debt to income ratio is very high. Do I need to file something to have it removed from my profile or will their spending continue to affect my credit score for a certain number of years?

Date Registered	‎December 21, 2018 4:39 AM
Date Last Visited	‎February 5, 2019 4:45 AM
Total Messages Posted	5
Total Cheers Received	7

Re: Timeline for a credit line to be removed

Re: Timeline for a credit line to be removed

Re: Timeline for a credit line to be removed

Re: Credit card advice for parents

Timeline for a credit line to be removed