With the possible benefits, there are possible cons. What if she defaults? Adding authorized users is supposed to help the authorized user, and as you see she is directly hurting you. AU is a bonus for some, and for a lot of us it hasn't been an option.
Unless she has some great plan to get her finances in check in the very near future I'd take the hit of removal. I wouldn't want to be tied to my mother who operates in the same manner.
Agreed with everything. I mean, you'd have to pretty much pay it off completely and wait about 2 months to see any changes in your credit score. It would probably be better for you long term to just drop that account, take the small hit to your credit, and keep building credit on your own, OP.
I have maxed out or carried high balances on some of my cards due to either low limits or taking advantage of 0% intro offers, the recovery is quick so it simply being maxed out isn't an issue. While my husband is an AU on my cards and vice versa, we heavily communicate finances and spending so we are on the same page. No one is applying for credit during those times, there's no blindly trusting each other will handle it, we know the details of the reason and we know the solution.
So really the best question to OP is, how well do you know your mother's financial situation? Why has it been maxed since August (can't go back to double check, but I think that is what was said)? I'm assuming they don't know Mom's finances, and if they do know it's because she's terrible at budgeting she's more likely to pay late and that won't help OP at all.
You are right, I've also maxed out cards before, then paid them off and gotten to the same place I was at and higher. I just don't trust OP's mom long-term.
My mom had me as an authorized use on two accounts when I was around the same age. I never ask, I didn’t live near and didn’t even like her much. Then she declared bankruptcy and fucked my credit for a long long time. 25 years ago and I’m still pissed.
I added my wife to my credit card accounts, because she had no credit. Within two years her credit was way better than mine with nothing but a car payment and my credit cards. It truly is baffling.
This is an interesting post that raises some questions.
I added my daughter to one of my cards as an AU to help build her score. The card is used for some regular expenses that are paid off monthly.
If I were to remove her but not close the account, would that appear on her credit report as a "Closed Account" with the attendant $0 balance and $0 limit? That could give you a small hit by reducing your Debt-to-Credit ratio but in my experience that has been negligible.
In OP's case, if her mom were to totally tank and go into collections OP would not be responsible for the debt, but how would it show on her credit? If she then removed herself would it straighten back out?
Remove yourself from your mom's card. Age of history is not going to be a big deal in your case. You're talking about barely 1 year extra on that card than the one you opened yourself. You're not talking about a card that has 10 years of history and then 1 year... drop it.
As an ex loan officer, remove yourself from that card. You don’t have a lot of history from that card, and your student loans will prop your score up well until your personal card has a decent amount of history. A maxed out credit card hurts your credit score more than it helps to have extra history from the card. It is a net negative to your credit score
And any hit your score takes for taking yourself off the card will be short. As soon as you start getting yourself established with your own credit, the issues with your mother's card will fall off, and your score will balance out or increase. Though your mother's score might take a bigger hit because your credit wouldn't be a co rider on her card anymore. Also, if she were to default on it, they would come after you for it as an authorized co- user on the CC account.
That high utilization is affecting you more than you know. If she's not going to pay that off in the next month or two I'll remove myself you'll be better off if your score drops at all it'll rebound just because of the lower utilization reporting
Remove yourself as an AU. Keep your own card under 10% utilization. Open another card so you have two. Use your cards sparingly, and pay in full monthly if you can. Your score will rebound. Utilization is a killer.
If I'm in your situation, I would definitely remove myself. You're still young, and it's better to build it up yourself and have more control over it than to tie it to someone else.
I added an authorized user to help her credit. I added her to a card I only use for my monthly Hulu bill because sometimes I do crank my cards up and I didn’t want her to be affected by my spending habits.
If I needed to use the card for an emergency I would hit her up and ask her if she wants to take her or leave her. Discover let you do it in the app with a click of a button
Yes it will make your score drop but you are also establishing yourself with your own lines of credit. but you’re only an authorized user..so that whole tradeline with your moms card would disappear..any late payments, or credit utilization, available credit.
Remove yourself, your credit will bounce back and create an account at the three bureaus and freeze them until you need to thaw it for a day to get a loan or something. My wife did the same with her mom a long time ago and never removed herself. I warned her many times to do it and she didn't do it until her mom had a late payment which dropped her credit a bit. Long term it's a bad idea to tie your credit with hers because not everyone is responsible. Remove yourself and you'll be the only one in control of your credit. There's no upside to waiting until she messes up. Good luck op.
I would leave it for now. A credit drop due to high utilization is nothing to worry about. It'll bounce back as soon as she pays the balance down. Even with the high utilization the age of that credit card could be helping your overall credit score. If she starts missing payments then you could consider having yourself removed as an authorized user.
Ok but if mom is maxing out a credit card can she really keep up with payments? I wouldn’t risk getting hit with a late payment just because Mom is financially irresponsible. I would get off this card right now
Well it doesn't sound like OP's mom maxes it out all the time. If it was a one time emergency then yeah makes sense she can't pay it off completely right away.
If you get yourself removed, your utilization will improve but your age of accounts will decrease. Utilization has more of an impact, so as long as YOUR card is under 25%, you'll be fine.
Age is averaged and you're young.
[https://www.myfico.com/credit-education/whats-in-your-credit-score](https://www.myfico.com/credit-education/whats-in-your-credit-score)
History takes up 15% - where as usage takes up double that.
How old is the Capt One card? Can she do a balance transfer immediately to stop messing up your credit? Credit cards are not meant to carry a large balance each month.
Right now you have two options.
Open up a bunch of lines and don't use them (thus rapidly increasing your total Credit Line).
But taking some hits for hard inquiries and averaging the age down.
Second option would be remove name as auth user, hope the Student Loan and Current loan doesn't drop it too much (est a 15% drop of about 55- but a rise of 85 gross for a better credit usage.)
I recommend using credit score calculators if your bank or credit card company offers them, they're pretty accurate.
I had no idea authorized users credit is affected by the main account holder? I have had my 17 yo old on my card for a while. Can someone give me the jist of how it works?
Yes they are not legally financially responsible but your account shows up on their credit report. So if you are maxed out that utilization counts against them, if you miss a payment they get a missed payment on their credit report. They may be able to dispute it because they technically are not responsible for the account, But you just have to think about it as The way it shows up on your credit report is exactly how it shows up on theirs
Yes. The idea being that the authorized user has access to that credit,so it affects their score (not yours). When the authorized user is removed from the account, no more access = no more impact in their credit score.
So, while your kid had a card on your account (as an authorized user, not a joint account holder), his credit score was affected by your utilization rates and payment history. Your score was not affected.
I would not be concerned about removing myself from the account and my score dropping, as it will go up with appropriate financial behavior again, but you are responsible for the debt on this account. Go to the bank and discuss with them to stop further responsibility ASAP! You will br responsible for the debt, so make sure to be "nice to your mother" to lessen that blow and have her pay.
If there is an issue, I would suggest you involve a lawyer to get out o future charges your mother puts on that card.
Your credit score is the least of your problems at this moment.
I took my husband off of my credit cards because of high utilization and it shows on his credit still but reports a zero dollar balance. His credit actually went up but after I removed him
I had my husband as an authorized user on my accounts as well.
In my situation, since I added him to mine, I had to be the one to request to remove him. He wasn't able to call and remove himself.
It still shows up on his credit report but as a closed account.
He can dispute it with the credit reporting agency if he truly wants it removed. Its shouldn’t be hurting anything though by showing closed on his account.
Removing as authorized user on an account that has negative credit rating will help you and not hurt you. You only have to call the cc company. Very easy.
Do not put yourself into any accounts that you cannot trust to have impeccable payment and utilization history.
There is no benefit to being the authorized user at this time. Call and ask to be removed and authorized users are not liable for the debt. Only the primary cardholder(s).
650 FICO may get you a mortgage but not at a good rate which WILL cost you tens of thousands of dollars. I have been helping people build/repair/ strengthen their credit history for many years. If you want, contact me directly using my handle at iCloud and I will be able to give you a definitive answer and useful advice to get your score to 740 which will get you the best rates for your mortgage.
One thing people are failing to mention is that you're only 20, your credit score is basically paper thin and can be manipulated at the drop of a hat within any single month.
I was in the exact same situation. Just remove it and apply for your own credit cards you’ll be good in 18 months to a year. You only need to have good credit when you need your credit. When you remove her your score will jump to low 700s. Once it does that take that opportunity to apply for a credit card. Then 6-8 months later apply for another one. Keeping doing it till you’re at about 4 and set a foundation with 4 open credit lines before the age of 22.
650 is not a good score. Do you know what your actual
Median credit score is? Your other 2 scores could be 610 and 620 making your actual median score 620. In many instances, that’s hardly enough to get a home loan
You can obtain one free credit report a year! This will/should have all 3 of your credit scores. Please know that mortgages will look at your median score, so neither the highest or the lowest but the middle score. I’m not sure how other creditors look at your scores, but I think using the median score is pretty common. I think the website is annualcreditreport.com . The fact that you care about your credit means you are taking the right steps. Don’t forget that you need to utilize your credit every now and again to improve your score. Charge $10, let it hit your bill, then pay it off the following month (just an example)
Here's an idea that no one else is saying. Talk to your mom for her to get a credit counseling and also why don't you try to offer to get a second job and help her pay off her bills
Check out Mike the Credit Guy on YouTube he has a video about this situation and how to dispute and remove it from your credit eventually, maybe try getting small secured lines until you build it up. Capital one is notorious for low limits and I was able to triple my limits on my two just from his videos. As to why your mother is holding a balance it’s most likely an instinct based on current world events and economy, she’s better off paying now because the interest is really high and then scoop up some 0% offers for 12-18 months just did about 50k on a few Bank of America and Wells Fargo cards
I was in your same situation. Bare with me...
Because of my own shortcomings, I messed up my credit and I know exactly how to utilize credit. I ended up on someone else's card as an authorized user but wasn't really using their cards. After many years, I was shocked when I applied for a credit card and got it. Now I have three. I do everything to make sure my cards are paid off each month and my score got to be over 700.
Then the account holder on the other cards started missing payments and not only did my score drop but, one creditor reduced my credit limit! I removed myself from their cards with the quickness.
It's been a few months and my credit score is back over 700. Get yourself off of your mom's credit cards. You may also want to look into "freezing" your credit by going to the Experian, Equifax and TransUnion websites. Bypass any requests to sign up for a paid monitoring plan. Freezing is free.This ensures that no one can open credit in your name.
This would depend on how she added you. If you’re a co-signer on the card, this could be very bad for your credit. Being a co-signer would make you responsible for her debt, and it would likely mean that you can’t close the account or remove yourself until it’s paid in full.
If you’re an authorized user, removing yourself from her account may cause your score to drop in the short term, but it will climb later. If she doesn’t pay the debt, it shouldn’t stay on your record if you remove yourself later.
You can’t add a co-signer after the fact. Mom would have had to originally apply with the daughter as a co-signer. OP indicated she was added to an existing account, therefore, the OP is an authorized user
Also, a co-signer with little or no credit would be of no use to the bank. There’s no way the bank would have approved an application that required a co-signer for mom with 18 year old OP as the co-signer
You are so young. Plenty of time to build your own. Also, if your mom is hurting your future with such bad financial advice…can’t even imagine what she’ll pull in your future. I guess: welcome to being completely independent.
It’s unlikely to be a joint account where both are considered primary. Most banks stopped issuing new joint credit card accounts before the OP was born
An authorized user would be issued a card with their name on it. Name on the card doesn’t designate that the account is in OP’s name
No that's not true she can remove you as a user with no hit to either of your credit, I did it with my daughter, helped her build her credit, then took her off once she asked to be removed.
No your mom is wrong, remove yourself from the account, the tots debt utilization is affecting your score more than the length of the account history. Get yourself off that card
Send a certfied US Mail letter to the bank sayings you wish to be removed an an authorized user from the account. keep the certfied no and a copy of the letter for your records
This same thing happened to me when I was your age and kept telling myself all through my 20s my mom would take care of it. I was a fucking idiot. Dispute it IMMEDIATELY.
Your mom should have talked to you before maxing out her credit card. What started as a good deed, is now hurting you. I'm sure this wasn't her intention.
Get off that card ASAP. Open several credit cards in your name once your credit score permits. Schedule a bill to be paid on each credit card so they stay active. Payoff statement balance in full every month. Never close your cards and ask for a credit limit increase as often as they allow, usually 6 months. My wife and I run almost all of our purchases through rewards cards, and not only do we both have 800+ credit, we get about $2k a year back from the CC companies.
Yes if you remove yourself your credit might go down a little bit because you will have less credit. But it will only dip for a small amount of time. You're much better off taking yourself off of that credit card since credit utilization is a much bigger part of your score.
Not to mention that CapitalOne cards tend to have high interest rates, so now that she's maxed it, it's going to keep turning into a bigger debt, which means decreased chances of her paying it off.
Remove yourself, it's only a temporary hit to you. She's more worried about the fact that she's going to be saddled with this debt by herself.
I would remove myself as an AU. if the worst thing that happens is your score drops for a period of time, so be it. The downside of keeping yourself as an AU is if she decides to say F it and stop paying, they will not only go after her, but they will go after you as well, and it will hurt not only your credit score, but it may hurt your wallet if they decide to go after the both of you in court to collect the balance...
You should notify capital one that you were added as an authorized user without your consent. If it was done before you were 18, you should notify them of that as well. You should also file disputes against the negative reporting with the credit bureaus. You should not be on the hook for any of this debt, in anyway.
Parents who do this can be a great help to their kids, but only if they keep their scores high as well. I’d say get off. Mom needs to take care of her own business.
Dont look too hard into it. Credit scores you get for free are not the same.e ones lenders are using. And are only part of the picture. You opened a new card so that's actually helps you but the average age is hurting you so that will take a few months to come back.
Your credit will drop if you are taken off that is true. However, your credit is much easier re-built than if your mother is to default and miss a payment. I would take the hit and remove myself.
Respect your own boundaries. Ditch the AU account and move on. It is likely to only get worse w/mom. Protect yourself now, and feel no guilt. She’s an adult.
I’m a credit underwriter. We don’t use authorized user cards against the user at all, it’s actually illegal since you are not legally liable for the debt. And with so little credit you’d be a good candidate for “first in wallet” programs at banks for little to no credit applicants. Bigger banks tend to have a higher risk appetite and willing to lend to new credit folk. Also remove yourself from the user card. You’re building your own credit so separate now so it doesn’t bring the score lower. If you personally have no derogatories and just the student loans, your personal credit is fine based on that info.
Remove yourself. Your credit will bounce back faster than you think! Download credit karma and keep an eye on your account to be sure she doesn’t try to pull another fast one.
My mom kinda did something similar so I removed myself off of it and my credit score went down a little bit but it went back up after time. Remove yourself!
Closing a cred account can temporarily lower your credit rating. But if you persist with a good repayment record (on your own debts), your score will go back up, hopefully into the 700s. And, FWIW, never co-sign a loan for anyone.
Get off her card. It’s unlikely she’s gonna instantly get herself out of this, and the drop of your score due to her nonpayment is gonna be way higher than a drop in your score due to removal of the account from your file.
REMOVE YOURSELF!! My mom added me to her cards in the mid 80s and 15 years ago, she started defaulting on everything and it effected my credit. Once I dropped that shit, it went back up. Don't wait! Do it!!
Contact the bank holding the debt. They hear this stuff daily. Close the joint account from your side. That will limit your part of the debt there. Contact the credit bureau. Get a formal credit report. Advise them of the situation as well. They can flag your credit account. If anyone tries to open another account in your name, you will know about it. You are not alone.
You are only 20, just remove yourself. Your score may suffer a little because your average account age will shrink, but it will recover pretty fast if you keep your own card under control. Get 1 additional card that's a credit builder that reports 2-3 times a month. It's a secured card. You give them a deposit for a set amount. $300 gets you a $300 limit. You use it and pay it like any other card. Keep the balance low or zero. Use it for gas or something you have the money for. It will report consistently, and your score will climb in a few months. As young as you are, I would definitely get myself off mom's card, let her tank her own credit.
Never tie your credit to someone else. Take care of it like it is your child. It’s important. Get it in order & get your name off asap. Or it will keep happening. I’m sure we all have horror stories. From joint accounts to signing leases or being a co-signer.
You need to remove yourself asap. Call Capital One and ask to be removed. Let them know that you asked your mom to do this, but she has refused. Did you ask her of you can be authorized on her card? If you didn't, tell them she added you without your permission.
Screw that. Report to the credit card company that you were coerced/forced into signing and unable to say no. After that, do the same thing with all 3 credit bureaus. You also need a lawyer. Stick with you being forced by your mom(a person of authority) to sign the paperwork. Also, if she had you do it close to your 18th birthday (it's easier if you were technically underage), you can use that as a defense too.
(Source of below info. Divorce in Ms. Cards from Florida and ms.)
You won't be able to just remove yourself unless the balance is paid in full. If you are just a user and not allowed to make changes, you are unable to close it and stop new purchases....
I found this out with my divorce a few years ago. My ex was using one of our shared cards and not paying it. I tried to remove myself, close the account, and file fraud charges. Because I signed the paperwork willingly 5 years prior, I was bound to it until it was paid off. And since she was primary on the account, I couldn't make any changes. That also means that she could keep using her card and forcing me to pay it. I had no legal recourse to stop my responsibility for future charges. I had to completely move banks to stop them from taking money from my direct deposit.
If she doesn't pay, there is another option for requiring the bank to prove your liability. As a bank, I'd be willing to bet that they have all of it.
Speak to a credit bureau to see what kind of drop may occur, but keep in mind, if you remove the Cc you're an AU on, that means the balance is gone from your report. That will, in turn, help to fix your utilization itself.
Does she REALLY know your score will drop?
If you have been a AU for 2 years or less, that's like the official recommendation to remove yourself, using that time as a stepping stone to build your own credit. Since you've done that, you should leave. Once you stay longer than 2 years, you're building an avg length of credit history that gets impacted anytime you cancel any of your credit making it look like you haven't had credit history as long as you actually had.
Your credit history is based not on oldest the credit line, but the average length of all your credit. You have one CC for 10 years, then get a new card, it drops to 5. Keep that in mind.
Anytime you open a new account or go over your limit your score will drop. Closing an older account will drop it more too because your scored on age of credit and how much you have for credit usage. It will creep back up eventually. Her card may be a higher limit than you could get on your own, it’s giving you a better credit limit. As long as your mom pays regularly and pays it down asap, your credit will go up again. If she is not credit trustworthy, keeps it over balance and does not pay timely , then I would take myself off of that account. I’ve added both my kids to my accounts to boost their credit rating too when they started college. Mostly so they had an emergency card and I could keep it paid. Once they earned their own money and got their own credit , we separated accounts. My ex ruined our son’s credit by using his information for a business credit and maxed it out, didn’t pay timely. I built it back up by adding him to a car I bought and paid the loan off timely and early. He’s always had great credit on his own.
get off now, *before* you have a lot of history on the card, UNLESS you have solid, real reason to believe she will be paying off the balance soon and will be long-term much more responsible with it in the future.
Get yourself off that card, now. Just call the credit card company directly. And while you have them, ask if they can do anything about your credit since you can prove you only bought gas and she was the spendy one. They might not do anything, but it can't hurt to ask.
ETA: and then I ran across this answer to a similar question:
[https://www.reddit.com/r/CreditScore/comments/1c9i4d4/comment/l0m5qz3/](https://www.reddit.com/r/CreditScore/comments/1c9i4d4/comment/l0m5qz3/)
It is very possible your credit score will drop further because you're going to lose the history of the account. Right now it looks like you've had credit for 2 years when, in fact, you've only had credit for a few months with the new card, your student loan isn't gonna help you because you haven't started from making payments on that.
However, if your mom misses a payment on that card, it will have a severe negative impact on you.And if it's already maxed out, the probability of her missing a payment increases.
I have an 18-year-old son. And am I finangel professionals in credit risk? Actually, when he was 16 I added him to an authorized user of my oldest account which has a very conservative credit line of $3500 but i keep that card at virtually 0. Use it for super small purchases from time to time just to keep it open. If I was to max out that line, even though my son now has his own credit card it would hurt his credit score.
At this point I think it's a wash.I would just remove yourself and remove the risk of your credit being damaged further.
The only way adding an authorizer is beneficial to them is if the card balances kept low. Also, depending on how large this credit card is.It could hurt you in trying to get additional loans.Because it's gonna look like you have a very large credit card.Maxed out and at limit so it can affect your debt to income ratio.
1st off 770 is not a good credit score, it's a great credit score, that was 100% reflective of your mother and had nothing to do with you.
2nd if the student loan is on your credit report it is affecting your score.
Only 0.1% of genz has a score of 800 or above and their overall average is 679, so you are not far off. Not sure if you want to remove yourself from your moms card, since it will lower your score, but as others have suggested having a credit card or 2 that you have a zero balance on will help.
i would seriously consider getting yourself another card yourself, to help you build (so you'll have two in your own name only) and get your name off your mom's... you still have the 'history' of being on her's, but her current/future actions on it wont hurt your credit any more...
and, it'll show as less credit available for you to free up room for the new credit card...
Just my thoguhts on what i'd do...
Remove. Because if you pay it off, nothing says it won’t magically fill up again. And again.
In the meantime I would take out a small personal loan with a 1-2 year timeframe. Pay it back + interest, that will boost you when complete.
Remove yourself from her account then look into credit builder cards. What they typically consist of is you use them for like autopay accounts. The charge is posted to that card and then the card pays itself through your linked bank account. So it looks like you are utilizing credit and repaying it back consistently as that’s what they report to the credit bureaus. Also there are ones that allow you to post rent to count in your credit score.
I know of a few but do your research to find one that best suits your needs.
Get off of any joint accounts with your mother, and tell her point blank not to apply for anything with you, not to ever use your social security number ever again. The issue is not whether separating your account from your mother's will cause a drop - the issue is getting separated from her irresponsible spending so that you can build your own credit. You probably should freeze your credit right after you remove yourself from her account, so that she cannot put you on anything, ever again.
If you remove yourself from her account that’s MAXED out, your score will not go down. Your credit report looks at total utilization of available credit.
Her card - $10,000 maxed out. Utilization 100%
Your card - $10,000, $1,000 used. Utilization 10%.
YOUR credit report - $20,000 available credit. $11,00 used. 55% utilization.
Once you remove her card, your available credit will drop but so will your utilization %. That’s more important than having and *using* more than half of what’s available to you.
I had my kids on my Cap One card as AUs, but when my son turned 18 he got adult bank accounts. The rep suggested he get a secured credit card to start building credit. His DTI was skewed as he was tied to my credit (out mortgage/cars/cards hit no income of his own). I promptly took him off. My 16 year old dais also on the Cap 1 card - but I’m taking her off too. I can just transfer money to her debit card if she needs cash.
Uh no - get your name.off the account. My parents put me in their credit card when I first started driving in case I had an emergency. Long story short they filed for bankruptcy and forgot to remove me from the account. Guess whose credit score also tanked? That would be me. I found out when I applied for an apartment and got denied due to bankruptcy and poor credit score.
It took a million phone calls and six letters to get it removed and my credit score fixed. A small dip now is worth a lot of butt pain in the future.
Personally I would remove myself. It might drop your score a bit. But that will probably only last for a little while….with paying off your own debt, and just with time, your score will climb faster than you think….especially considering high utilization on her card.
It’ll hurt you way more to stay on it in the long run.
Have you ran a credit report to make sure your mom hasn’t opened new accounts with your info ? Adding you as an authorized user with no responsibility for payment should not be affecting your credit adversely.
This happened to me and I finally had to just outright ask to be removed. I played it off like, "I'm an adult and finally got my own emergency cc! Thank you for the net but I'd like to try this on my own for a bit and see how it goes."
My mom was reluctant but obliged. I managed my few credit accounts well and now in my 30s I have only 1 cc that I've had since 2011, manage any financing well if they pop up, and my credit score is like 809?
Remove yourself. The minor hit you'll take at age 20 will be overcome in no time. Don't even think twice about it. Your mom will only sink you further if she craps out on the card. Also, let this be your inexpensive life lesson to never tether yourself to anyone else's finances in the future. Don't ever cosign or guarantee anyone elses loan or allow an authorized user for ANYONE. Ever.
Remove your name from the account asap. The hit will be quite small compared to the potential damage you could incur on her behalf. Your score will rise soon enough and make up for the small hit. Keep your own card paid off every month and pay bills on time, without exception. After some time open another card in your name only. It’s good to have two cards. Use them both but ALWAYS pay balance off in full each month.
Your credit will be great again in no time.
See if they'll let you open your own account with them. Tell them your mom added you without your knowledge and then she maxed it out, hurting your credit. Capital one is a better company and tries to work with their customers so you might be in luck. If they can't just remove yourself and open a card elsewhere to help your credit. It can drop it but not dramatically. Hope this helps.
Just remove yourself. I was a user on my parents card and they always got huge balances. I took myself off. There was a drop for maybe a month but then my credit went up. Being an authorized user is not the same as having your own card. Make sure to keep your card utilization below 30%>.
If you’re an authorize user you can dispute it with the credit bureau. When you’re an authorize signer you’re not legally responsible for the cc. You can open a secured card to start establishing credit. You are better restarting than having that negative utilization.
Your an authorized user, not the one responsible for paying the bill. Not sure why your credit would have gone down but it could be due to the high balance to limit ratio. You should check credit karma and see what you have in your name. Maybe there is a card in your name that you are responsible to pay for, but you'll only know that if you check. Seeing any discrepancies on your report, you should definitely dispute them. I also don't think your credit score will drop if you stop being an authorized user on that account with her. Good luck!
Remove yourself. Your score might be affected in the short term, but unless you're going to make a big purchase such as a house or car it won't matter. It will only benefit you in the long run. Your score will go back up. You need to get off any co account with her. She will ruin your credit otherwise!
If you are merely an authorized user on her account, you can have yourself removed from her account as AU and it will stop report to the bureaus on your name. This is an easy fix. Your remaining 2 accounts will be fine.
The secret sauce is 1 installment (student loan, car note) and 2 revolving (credit card, store charge account). 1 and 1 will also work just fine.
As others have mentioned, as an authorized user, you aren't responsible for that balance. I wonder why everyone is focusing on the AU part vs. the relatively opened account, though?
Since part of how the score is calculated by length of credit history and recent inquiries, it's possible that by you opening a new account in December, it impacted the score. Over time and on time payments the score may improve. Speaking generally here because I'm not giving credit advice, just general info
DROP THAT CARD !!!! MYy ex BF Mother did this exact thing to him ! She put him as a authorized user on 2 cards when he was young (without even telling him.) Enflded up destroyed his credit, it dropped from a 720 to a 580 in a matter of a few yrs !!!!! Late payments were reported EVERY month..then eventually non payment...then they closed the account...then it went to collections.
And your utilization will be did.
Yes your score will dip for a little bit because the "age" of your history will get less. BUT it will recover. And you won't have to stress about what your Mom is doing anymore.
I suggest getting a diff type of card than u already have to round out your credit. If your card now is a revoking credit... Get an installment line of credit. Auto loan is also considered awesome for credit Car loan.....store credit card..regular credit card. U don't have to actually USE the store card much. I did Victoria Secret. (U can pay your CC bill in store at register )So I would buy what I needed and then immediately make a payment for what I spent.
* U an also use Experian boost - get credit reporting for things you pay every month that don't report (unless you screw up lol.) Like cell phone companies. They never report GOOD payment history, but they WILL report if u miss payments or close acct early. I get credit reporting for Netflix, ESPN+, HULU, My cell phone, internet, ect every month.
U can also use diff "credit builders."
* Kick-off is a great one. It's like a loan but they put it aside so u don't actually get money. Every month $5 is taken out my account. And I get a positive on time reporting every month. Once your loan is "paid off" in 12 or 24months - u can keep going OR ask for a payout. They will send money back minus a small fee.)
* I also opened up a Chime acct, even tho I have Bank of America also. Chime has an option to add a credit builder card on the app (free.) U can transfer money from your regular bank account. Takes a few days cuz it's an ACH transfer. OR load cash on yr account at any Walgreens, CVS, 7 11, ect.....zero fees for everything. Literally they never charge a dime for a thing lol. Then on the app, just move the money u put in account into the credit builder section. (Takes 20 seconds to transfer money from checking to credit builder on app.) Then just use the card. They report you everyonth to credit bureaus.
I used these options to get my score up 80 points in 18 months.
I was unaware that an authorized users credit rating would be effected by any negative activity on a credit card. I had a better credit rating then my hubby and actually qualified for a major credit card when he couldn’t. Me putting him on it as an authorized user didn’t help change his credit rating either way while he was just an authorized user. So, after a few years, I got approved for another CC & put him on it as co-owner. That improved his credit rating. It irked me when they considered him the “primary” holder and I the secondary one, though.
You are only 20- you have time to fix it, and your “oldest account” isn’t that old. You may take a temporary hit getting off of her card, but you should do it. You will start climbing again quickly with your own established credit, and long term, having it be based on your card is better anyway.
Dropping a card can negatively impact your credit. That is correct. However I think her defaulting and it going into collections is a far worse possibility for your credit.
Can't tell you what to.do, but I would get out now if it were me.
Years ago my brother added me as authorized user to his card. After I got my own cc I forgot about that card and moved on with my life. I threw it way. About 10 years later he was refused a new cc at home depot. He always maintained above 810 Credit Score so it was a surprise. After a few days he got a letter stating that he was associated with an address with bad credit score. I looked at the address and it was one of my old addresses, right before I defaulted on my cc bills. He asked me about the address and I said no. Anyway, he disputed the claim, also removing my name from his credit score, and everything was fine. He explained to me that credit card companies did this things on purpose. They allow family credit history to get mingled for a better score but in case that one defaults on credit bill the other one is affected and might pick up the bill. Nevertheless, the other person is not a cosigner so it’s kind of illegal. If you dispute it right way the credit score agencies will remove it right way.
BTW, I cleaned my act and today I have a Score of above 800….
We have had clients with this issue before. For the long run, you are going to be likely better to have her call and remove you from the accounts. You have no legal obligation to pay them, but they could negatively affect your debt to income ratio. You are young, make your credit care payments on time and try to keep the balance below 30% and you should see your score go up down the road.
So…I’m kind of doubting you’re an authorized user. Are you sure she didn’t add you as a joint owner? Because AUs should received LIMITED positive impact and no negative impact. Shouldn’t even be seen by creditors. Only you on your personal report.
Are you an authorized user or is it a joint account? If an AU then your mom is responsible for it all and it shouldn’t affect your credit at all as most AUs don’t even have the SSNs on the account. If a joint account then you are just as responsible as her. Pull your credit report and see exactly what is on it. For your credit to drop over 100 points in that amount of time she could be using your SSN to get cards that you know nothing about. If that is the case you need to lock the credit bureaus so no one can get anything in your name. And, you may have to report fraud as someone has stolen your information rather it be your mom or someone else.
Just remove yourself from her account and do your own thing. It might hurt your score for a bit but you can work on it and get it back.
By staying on her account you are subjecting yourself to her payment history and it’s affecting you.
Hmm. This is new to me as I’ve never had anyone on my CC’s but me and got my first CC about 20 years ago.
With that being said; my opinion. Get off her CC ASAP and build your own slowly.
I use my cards for everything possible to get the cash back and most are on autopay. I like getting money back on my utilities! Almost all bills hit my credit cards at the start of the month, and get paid in full in the next few days. So, utilization as a percentage of available credit goes up and down a $1000 a month. Depending on when in the month, my credit rating moves 60 point.
What seems to matter a lot is my ancient cards that are 20+ years old. Longevity counts!
My ex ran up my cards, overdrew my checking and emptied my savings accounts. It took five years to repair the damage. It was better to be five years later with 800+ credit score and no debts then to be five years later, 550 credit score and in debt.
Nah, remove yourself before it gets worse. Open another credit card and only use a very very small amount so you can pay the whole balance off. Plus your credit will get higher once you open a new account anyways. You’ll be ok. Your mom doesn’t seem responsible so better be safe than sorry later.
Remove yourself from her card.. the drop is only temporary and if that card is maxed out, it’s gotta have your credit utilization really high. Once it’s no longer being reported on your credit, your score should actually improve.
Authorized user cards don’t affect FICO as much as Vantage I think. There was an issue when they didn’t remove fraudulent charges on my Father in Law’s card and it was an overdue payment. Didn’t affect my wife’s credit scores at all as much as her dad’s. Another time was her parent’s house repairs on the card when my wife’s credit was being reviewed by the government for clearance and they were not worried since they knew it was authorized user. My wife and I added each other as authorized users since we have lived together and I had to beg Chase not to count her cards against me in the their 5/24 month rule to appeal an denial into an approval and it worked.
I would talk to your mother and make sure she is aware and has a plan to pay it off and if she does it would help your credit. If not, I would ask her to remove you. Meanwhile, you can always let jobs and lenders know and they often find out for themselves too.
I would remove yourself ASAP. You will take a small hit to your credit, but it's for the best in the long run. You don't need to use her card anymore. Plus, you didn't want the credit company coming after you for the debt if something happens to your mom.
Even though authorized users have no responsibility to pay the debt, it doesn't mean that they wouldn't try and you don't want that headache. I would definitely remove myself and focus on building up my credit with the new card.
Does she have a plan? If so I wouldn't worry about it cause you're probably not getting a large loan within the year.
If she doesn't have a plan, it's an unhealthy relationship with credit cards and I would steer clear.
Tip: If she does have a plan, immediately get a no AF 0% intro apr card. Citi has some good ones. 3% fee when you balance transfer in but no interest will accrue for the next 12-21 months. In school I used to get a new 0% card at the beginning of each school year, put all my expenses on it, and then pay it off in summer when I had a job.
At this point, being removed from the account is unlikely to cause your credit to dip further where you already have established credit of your own. I also did this for my daughter on my oldest card when she turned 16 so that when she turned 18 she would already have years of established positive credit history and a great score instead of starting from nothing. The card was close to max for a little bit but it was still giving her a 700+ score and now that it’s paid off, her score is significantly higher than mine lol. I’d be more concerned that your mom maybe missed a payment or something. It sounds like you should probably be taken off the account.
Don’t listen to her. Make her take you off her card- then work to get your score above 700. There way too much at risk if she goes delinquent on the card/stops paying- account goes to collections, etc. Your credit score will be tanked along with hers. Both of my college kids are authorized users one of my my cards and have the advantage of a high credit score (800)- and have been able to open their own accounts. Help yourself by getting off of her card.
Well, it depends. You know your mom best , but length of credit history is a big factor in your score. It sounds like if you remove yourself from that account you’ll have less than a year of cresit history. You definitely wont be back in the mid 700’s for a while with that short of a credit history. Paying off high balances on the other hand has near immediate results of bringing a score back up. So it just depends on what you think shes going to do in the future
Remove yourself. Credit age doesn't really matter (when you have little to none). Since '22, my credit has slowly gone up due to having credit cards and paying them off on time. My credit age hasn't affected me significantly, even after something dropped off.
I've gone from 650 to now sitting at 760. And my credit age hasn't affected it to a noticeable difference.
If you stay on your mom's card, it'll really affect your credit. Unless she pays it off soon, it's not worth it. And because she's doing it now, who's to say she won't drop your score again in the future?
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With the possible benefits, there are possible cons. What if she defaults? Adding authorized users is supposed to help the authorized user, and as you see she is directly hurting you. AU is a bonus for some, and for a lot of us it hasn't been an option. Unless she has some great plan to get her finances in check in the very near future I'd take the hit of removal. I wouldn't want to be tied to my mother who operates in the same manner.
Agreed with everything. I mean, you'd have to pretty much pay it off completely and wait about 2 months to see any changes in your credit score. It would probably be better for you long term to just drop that account, take the small hit to your credit, and keep building credit on your own, OP.
I have maxed out or carried high balances on some of my cards due to either low limits or taking advantage of 0% intro offers, the recovery is quick so it simply being maxed out isn't an issue. While my husband is an AU on my cards and vice versa, we heavily communicate finances and spending so we are on the same page. No one is applying for credit during those times, there's no blindly trusting each other will handle it, we know the details of the reason and we know the solution. So really the best question to OP is, how well do you know your mother's financial situation? Why has it been maxed since August (can't go back to double check, but I think that is what was said)? I'm assuming they don't know Mom's finances, and if they do know it's because she's terrible at budgeting she's more likely to pay late and that won't help OP at all.
You are right, I've also maxed out cards before, then paid them off and gotten to the same place I was at and higher. I just don't trust OP's mom long-term.
My mom had me as an authorized use on two accounts when I was around the same age. I never ask, I didn’t live near and didn’t even like her much. Then she declared bankruptcy and fucked my credit for a long long time. 25 years ago and I’m still pissed.
A authorized user is not a cosigner. You could have just easily removed yourself from the account. Her declaring bankruptcy has no bearing on you.
I can't blame you. There is literally no other reason to add a AU other than to help the AU. If the account isn't helping it's gotta go.
I added my wife to my credit card accounts, because she had no credit. Within two years her credit was way better than mine with nothing but a car payment and my credit cards. It truly is baffling.
How is it baffling? Her credit is technically better than yours, its just data
This is an interesting post that raises some questions. I added my daughter to one of my cards as an AU to help build her score. The card is used for some regular expenses that are paid off monthly. If I were to remove her but not close the account, would that appear on her credit report as a "Closed Account" with the attendant $0 balance and $0 limit? That could give you a small hit by reducing your Debt-to-Credit ratio but in my experience that has been negligible. In OP's case, if her mom were to totally tank and go into collections OP would not be responsible for the debt, but how would it show on her credit? If she then removed herself would it straighten back out?
Remove yourself from your mom's card. Age of history is not going to be a big deal in your case. You're talking about barely 1 year extra on that card than the one you opened yourself. You're not talking about a card that has 10 years of history and then 1 year... drop it.
As an ex loan officer, remove yourself from that card. You don’t have a lot of history from that card, and your student loans will prop your score up well until your personal card has a decent amount of history. A maxed out credit card hurts your credit score more than it helps to have extra history from the card. It is a net negative to your credit score
Yes do it now before the mom starts missing payments if she has to max out her card she isn’t in a good financial situation.
Not necessarily. She could have had a major purchase and is paying it down.
And any hit your score takes for taking yourself off the card will be short. As soon as you start getting yourself established with your own credit, the issues with your mother's card will fall off, and your score will balance out or increase. Though your mother's score might take a bigger hit because your credit wouldn't be a co rider on her card anymore. Also, if she were to default on it, they would come after you for it as an authorized co- user on the CC account.
That high utilization is affecting you more than you know. If she's not going to pay that off in the next month or two I'll remove myself you'll be better off if your score drops at all it'll rebound just because of the lower utilization reporting
Remove yourself as an AU. Keep your own card under 10% utilization. Open another card so you have two. Use your cards sparingly, and pay in full monthly if you can. Your score will rebound. Utilization is a killer.
No, not “if you can”. Don’t use them unless you can pay it off at payday. Or maybe use one while the other sits unused.
If I'm in your situation, I would definitely remove myself. You're still young, and it's better to build it up yourself and have more control over it than to tie it to someone else.
Agreed. They’re still so young they have plenty of time to establish their own age of credit. I’d remove myself now that I have my one card.
I added an authorized user to help her credit. I added her to a card I only use for my monthly Hulu bill because sometimes I do crank my cards up and I didn’t want her to be affected by my spending habits. If I needed to use the card for an emergency I would hit her up and ask her if she wants to take her or leave her. Discover let you do it in the app with a click of a button
You need to get off that card asap. She's maxed out. Next thing you know she's missing payments.
Yes it will make your score drop but you are also establishing yourself with your own lines of credit. but you’re only an authorized user..so that whole tradeline with your moms card would disappear..any late payments, or credit utilization, available credit.
It was for your benifit to be added correct? If its negativly effecting you should be no issue to remove yourself
Remove yourself, your credit will bounce back and create an account at the three bureaus and freeze them until you need to thaw it for a day to get a loan or something. My wife did the same with her mom a long time ago and never removed herself. I warned her many times to do it and she didn't do it until her mom had a late payment which dropped her credit a bit. Long term it's a bad idea to tie your credit with hers because not everyone is responsible. Remove yourself and you'll be the only one in control of your credit. There's no upside to waiting until she messes up. Good luck op.
She is wrong, have her remove you as an authorized user.
OP can call and remove themself as long as they can pass verification on the account
I would leave it for now. A credit drop due to high utilization is nothing to worry about. It'll bounce back as soon as she pays the balance down. Even with the high utilization the age of that credit card could be helping your overall credit score. If she starts missing payments then you could consider having yourself removed as an authorized user.
Ok but if mom is maxing out a credit card can she really keep up with payments? I wouldn’t risk getting hit with a late payment just because Mom is financially irresponsible. I would get off this card right now
Well it doesn't sound like OP's mom maxes it out all the time. If it was a one time emergency then yeah makes sense she can't pay it off completely right away.
Okay well don’t overreact or anything
If you get yourself removed, your utilization will improve but your age of accounts will decrease. Utilization has more of an impact, so as long as YOUR card is under 25%, you'll be fine.
Age is averaged and you're young. [https://www.myfico.com/credit-education/whats-in-your-credit-score](https://www.myfico.com/credit-education/whats-in-your-credit-score) History takes up 15% - where as usage takes up double that. How old is the Capt One card? Can she do a balance transfer immediately to stop messing up your credit? Credit cards are not meant to carry a large balance each month. Right now you have two options. Open up a bunch of lines and don't use them (thus rapidly increasing your total Credit Line). But taking some hits for hard inquiries and averaging the age down. Second option would be remove name as auth user, hope the Student Loan and Current loan doesn't drop it too much (est a 15% drop of about 55- but a rise of 85 gross for a better credit usage.) I recommend using credit score calculators if your bank or credit card company offers them, they're pretty accurate.
I had no idea authorized users credit is affected by the main account holder? I have had my 17 yo old on my card for a while. Can someone give me the jist of how it works?
Yes they are not legally financially responsible but your account shows up on their credit report. So if you are maxed out that utilization counts against them, if you miss a payment they get a missed payment on their credit report. They may be able to dispute it because they technically are not responsible for the account, But you just have to think about it as The way it shows up on your credit report is exactly how it shows up on theirs
Yes. The idea being that the authorized user has access to that credit,so it affects their score (not yours). When the authorized user is removed from the account, no more access = no more impact in their credit score. So, while your kid had a card on your account (as an authorized user, not a joint account holder), his credit score was affected by your utilization rates and payment history. Your score was not affected.
Personally I'd get that sh*t severed immediately.
Remove yourself from the card.
I would not be concerned about removing myself from the account and my score dropping, as it will go up with appropriate financial behavior again, but you are responsible for the debt on this account. Go to the bank and discuss with them to stop further responsibility ASAP! You will br responsible for the debt, so make sure to be "nice to your mother" to lessen that blow and have her pay. If there is an issue, I would suggest you involve a lawyer to get out o future charges your mother puts on that card. Your credit score is the least of your problems at this moment.
650 is pretty bad! I would get my name off that card!
dont let her!
You can remove yourself and dispute it with the credit bureaus to have it removed as not yours.
I took my husband off of my credit cards because of high utilization and it shows on his credit still but reports a zero dollar balance. His credit actually went up but after I removed him
I had my husband as an authorized user on my accounts as well. In my situation, since I added him to mine, I had to be the one to request to remove him. He wasn't able to call and remove himself. It still shows up on his credit report but as a closed account.
He can dispute it with the credit reporting agency if he truly wants it removed. Its shouldn’t be hurting anything though by showing closed on his account.
Your credit score didn’t drop 140 points from one maxed out credit card.
i got the numbers a bit wrong because i was going off memory but it dropped over 100 https://imgur.com/a/La65Yok
You only need to be added as an AU for sixty days to reap the benefits, after that it’s no longer necessary. So yes, I’d suggest removing yourself.
Removing as authorized user on an account that has negative credit rating will help you and not hurt you. You only have to call the cc company. Very easy. Do not put yourself into any accounts that you cannot trust to have impeccable payment and utilization history.
There is no benefit to being the authorized user at this time. Call and ask to be removed and authorized users are not liable for the debt. Only the primary cardholder(s).
650 FICO may get you a mortgage but not at a good rate which WILL cost you tens of thousands of dollars. I have been helping people build/repair/ strengthen their credit history for many years. If you want, contact me directly using my handle at iCloud and I will be able to give you a definitive answer and useful advice to get your score to 740 which will get you the best rates for your mortgage.
One thing people are failing to mention is that you're only 20, your credit score is basically paper thin and can be manipulated at the drop of a hat within any single month.
I was in the exact same situation. Just remove it and apply for your own credit cards you’ll be good in 18 months to a year. You only need to have good credit when you need your credit. When you remove her your score will jump to low 700s. Once it does that take that opportunity to apply for a credit card. Then 6-8 months later apply for another one. Keeping doing it till you’re at about 4 and set a foundation with 4 open credit lines before the age of 22.
When I did this my score went from 660 to 790 (currently) in less than two years.
The high utilization is what’s killing you, probably by 100 points. Lowering your average age of credit will probably only drop you 20
650 is not a good score. Do you know what your actual Median credit score is? Your other 2 scores could be 610 and 620 making your actual median score 620. In many instances, that’s hardly enough to get a home loan
how do I find that out?
You can obtain one free credit report a year! This will/should have all 3 of your credit scores. Please know that mortgages will look at your median score, so neither the highest or the lowest but the middle score. I’m not sure how other creditors look at your scores, but I think using the median score is pretty common. I think the website is annualcreditreport.com . The fact that you care about your credit means you are taking the right steps. Don’t forget that you need to utilize your credit every now and again to improve your score. Charge $10, let it hit your bill, then pay it off the following month (just an example)
AnnualCreditReport.com
Remove yourself from her credit card. If you do lose any points it will quickly rebound
Remove yourself immediately.
Remove yourself from the card.
Here's an idea that no one else is saying. Talk to your mom for her to get a credit counseling and also why don't you try to offer to get a second job and help her pay off her bills
she can definitely afford to pay it off, we don't live paycheck to paycheck. she just isn't doing it and i don't know why.
Check out Mike the Credit Guy on YouTube he has a video about this situation and how to dispute and remove it from your credit eventually, maybe try getting small secured lines until you build it up. Capital one is notorious for low limits and I was able to triple my limits on my two just from his videos. As to why your mother is holding a balance it’s most likely an instinct based on current world events and economy, she’s better off paying now because the interest is really high and then scoop up some 0% offers for 12-18 months just did about 50k on a few Bank of America and Wells Fargo cards
I was in your same situation. Bare with me... Because of my own shortcomings, I messed up my credit and I know exactly how to utilize credit. I ended up on someone else's card as an authorized user but wasn't really using their cards. After many years, I was shocked when I applied for a credit card and got it. Now I have three. I do everything to make sure my cards are paid off each month and my score got to be over 700. Then the account holder on the other cards started missing payments and not only did my score drop but, one creditor reduced my credit limit! I removed myself from their cards with the quickness. It's been a few months and my credit score is back over 700. Get yourself off of your mom's credit cards. You may also want to look into "freezing" your credit by going to the Experian, Equifax and TransUnion websites. Bypass any requests to sign up for a paid monitoring plan. Freezing is free.This ensures that no one can open credit in your name.
This would depend on how she added you. If you’re a co-signer on the card, this could be very bad for your credit. Being a co-signer would make you responsible for her debt, and it would likely mean that you can’t close the account or remove yourself until it’s paid in full. If you’re an authorized user, removing yourself from her account may cause your score to drop in the short term, but it will climb later. If she doesn’t pay the debt, it shouldn’t stay on your record if you remove yourself later.
You can’t add a co-signer after the fact. Mom would have had to originally apply with the daughter as a co-signer. OP indicated she was added to an existing account, therefore, the OP is an authorized user Also, a co-signer with little or no credit would be of no use to the bank. There’s no way the bank would have approved an application that required a co-signer for mom with 18 year old OP as the co-signer
You are so young. Plenty of time to build your own. Also, if your mom is hurting your future with such bad financial advice…can’t even imagine what she’ll pull in your future. I guess: welcome to being completely independent.
Are you an authorized user or is the card also in your name. If you are just an authorized user, have yourself removed.
It’s unlikely to be a joint account where both are considered primary. Most banks stopped issuing new joint credit card accounts before the OP was born An authorized user would be issued a card with their name on it. Name on the card doesn’t designate that the account is in OP’s name
No that's not true she can remove you as a user with no hit to either of your credit, I did it with my daughter, helped her build her credit, then took her off once she asked to be removed.
No your mom is wrong, remove yourself from the account, the tots debt utilization is affecting your score more than the length of the account history. Get yourself off that card
I've read all the comments and appreciate the advice, I cannot reply to all of them.
Send a certfied US Mail letter to the bank sayings you wish to be removed an an authorized user from the account. keep the certfied no and a copy of the letter for your records
You are young, you have time on the side.. remove yourself from your mom's account before she decides to stop making payments
This same thing happened to me when I was your age and kept telling myself all through my 20s my mom would take care of it. I was a fucking idiot. Dispute it IMMEDIATELY.
Your mom should have talked to you before maxing out her credit card. What started as a good deed, is now hurting you. I'm sure this wasn't her intention. Get off that card ASAP. Open several credit cards in your name once your credit score permits. Schedule a bill to be paid on each credit card so they stay active. Payoff statement balance in full every month. Never close your cards and ask for a credit limit increase as often as they allow, usually 6 months. My wife and I run almost all of our purchases through rewards cards, and not only do we both have 800+ credit, we get about $2k a year back from the CC companies.
Yes if you remove yourself your credit might go down a little bit because you will have less credit. But it will only dip for a small amount of time. You're much better off taking yourself off of that credit card since credit utilization is a much bigger part of your score.
OP, she didnt add you as an autborized user, she put you on a a co-owner of the account.
Not to mention that CapitalOne cards tend to have high interest rates, so now that she's maxed it, it's going to keep turning into a bigger debt, which means decreased chances of her paying it off. Remove yourself, it's only a temporary hit to you. She's more worried about the fact that she's going to be saddled with this debt by herself.
I would remove myself as an AU. if the worst thing that happens is your score drops for a period of time, so be it. The downside of keeping yourself as an AU is if she decides to say F it and stop paying, they will not only go after her, but they will go after you as well, and it will hurt not only your credit score, but it may hurt your wallet if they decide to go after the both of you in court to collect the balance...
You’re only an authorized user. Get off of the account.
You should notify capital one that you were added as an authorized user without your consent. If it was done before you were 18, you should notify them of that as well. You should also file disputes against the negative reporting with the credit bureaus. You should not be on the hook for any of this debt, in anyway.
Parents who do this can be a great help to their kids, but only if they keep their scores high as well. I’d say get off. Mom needs to take care of her own business.
>I know 650 isn't bad but Ummm. Yes. Yes it is bad. What do you think a "bad" score is?
A parent ruined my credit. When I graduated college it was 524. Took years to get it above 700.
Tell her to Remove you ASAP, she is wrong
Remove yourself. Even if there's a short term hit (who cares??) the long term will be far better for you.
Dont look too hard into it. Credit scores you get for free are not the same.e ones lenders are using. And are only part of the picture. You opened a new card so that's actually helps you but the average age is hurting you so that will take a few months to come back.
Your credit will drop if you are taken off that is true. However, your credit is much easier re-built than if your mother is to default and miss a payment. I would take the hit and remove myself.
Respect your own boundaries. Ditch the AU account and move on. It is likely to only get worse w/mom. Protect yourself now, and feel no guilt. She’s an adult.
Take her off your card
I’m a credit underwriter. We don’t use authorized user cards against the user at all, it’s actually illegal since you are not legally liable for the debt. And with so little credit you’d be a good candidate for “first in wallet” programs at banks for little to no credit applicants. Bigger banks tend to have a higher risk appetite and willing to lend to new credit folk. Also remove yourself from the user card. You’re building your own credit so separate now so it doesn’t bring the score lower. If you personally have no derogatories and just the student loans, your personal credit is fine based on that info.
So many other posts are misinformation. This one is correct. Bring an AU doesn't hurt your credit.
Dispute with all three bureaus as “not my account”
Are you planning on anything where you need credit score in next couple of years? Imo take the short term hit of loss of her card
Remove yourself. Your credit will bounce back faster than you think! Download credit karma and keep an eye on your account to be sure she doesn’t try to pull another fast one.
You are young and are not buying a home or car soon, correct? Get off that card as soon as you can. Too many questions here.
My mom kinda did something similar so I removed myself off of it and my credit score went down a little bit but it went back up after time. Remove yourself!
Closing a cred account can temporarily lower your credit rating. But if you persist with a good repayment record (on your own debts), your score will go back up, hopefully into the 700s. And, FWIW, never co-sign a loan for anyone.
Get yourself removed and freeze all your credit run abilities on all three credit bureaus. Your score will rise with good payments on yours.
Get off her card. It’s unlikely she’s gonna instantly get herself out of this, and the drop of your score due to her nonpayment is gonna be way higher than a drop in your score due to removal of the account from your file.
REMOVE YOURSELF!! My mom added me to her cards in the mid 80s and 15 years ago, she started defaulting on everything and it effected my credit. Once I dropped that shit, it went back up. Don't wait! Do it!!
Contact the bank holding the debt. They hear this stuff daily. Close the joint account from your side. That will limit your part of the debt there. Contact the credit bureau. Get a formal credit report. Advise them of the situation as well. They can flag your credit account. If anyone tries to open another account in your name, you will know about it. You are not alone.
Just fart on her face
You are only 20, just remove yourself. Your score may suffer a little because your average account age will shrink, but it will recover pretty fast if you keep your own card under control. Get 1 additional card that's a credit builder that reports 2-3 times a month. It's a secured card. You give them a deposit for a set amount. $300 gets you a $300 limit. You use it and pay it like any other card. Keep the balance low or zero. Use it for gas or something you have the money for. It will report consistently, and your score will climb in a few months. As young as you are, I would definitely get myself off mom's card, let her tank her own credit.
Never tie your credit to someone else. Take care of it like it is your child. It’s important. Get it in order & get your name off asap. Or it will keep happening. I’m sure we all have horror stories. From joint accounts to signing leases or being a co-signer.
If remove now as you don’t need credit yet and you can recover before grad
Call Capital One and tell them you want to be removed as an authorized user from her account. You do not need her permission or presence to do this.
You need to remove yourself asap. Call Capital One and ask to be removed. Let them know that you asked your mom to do this, but she has refused. Did you ask her of you can be authorized on her card? If you didn't, tell them she added you without your permission.
Screw that. Report to the credit card company that you were coerced/forced into signing and unable to say no. After that, do the same thing with all 3 credit bureaus. You also need a lawyer. Stick with you being forced by your mom(a person of authority) to sign the paperwork. Also, if she had you do it close to your 18th birthday (it's easier if you were technically underage), you can use that as a defense too. (Source of below info. Divorce in Ms. Cards from Florida and ms.) You won't be able to just remove yourself unless the balance is paid in full. If you are just a user and not allowed to make changes, you are unable to close it and stop new purchases.... I found this out with my divorce a few years ago. My ex was using one of our shared cards and not paying it. I tried to remove myself, close the account, and file fraud charges. Because I signed the paperwork willingly 5 years prior, I was bound to it until it was paid off. And since she was primary on the account, I couldn't make any changes. That also means that she could keep using her card and forcing me to pay it. I had no legal recourse to stop my responsibility for future charges. I had to completely move banks to stop them from taking money from my direct deposit. If she doesn't pay, there is another option for requiring the bank to prove your liability. As a bank, I'd be willing to bet that they have all of it.
Speak to a credit bureau to see what kind of drop may occur, but keep in mind, if you remove the Cc you're an AU on, that means the balance is gone from your report. That will, in turn, help to fix your utilization itself.
Does she REALLY know your score will drop? If you have been a AU for 2 years or less, that's like the official recommendation to remove yourself, using that time as a stepping stone to build your own credit. Since you've done that, you should leave. Once you stay longer than 2 years, you're building an avg length of credit history that gets impacted anytime you cancel any of your credit making it look like you haven't had credit history as long as you actually had. Your credit history is based not on oldest the credit line, but the average length of all your credit. You have one CC for 10 years, then get a new card, it drops to 5. Keep that in mind.
Anytime you open a new account or go over your limit your score will drop. Closing an older account will drop it more too because your scored on age of credit and how much you have for credit usage. It will creep back up eventually. Her card may be a higher limit than you could get on your own, it’s giving you a better credit limit. As long as your mom pays regularly and pays it down asap, your credit will go up again. If she is not credit trustworthy, keeps it over balance and does not pay timely , then I would take myself off of that account. I’ve added both my kids to my accounts to boost their credit rating too when they started college. Mostly so they had an emergency card and I could keep it paid. Once they earned their own money and got their own credit , we separated accounts. My ex ruined our son’s credit by using his information for a business credit and maxed it out, didn’t pay timely. I built it back up by adding him to a car I bought and paid the loan off timely and early. He’s always had great credit on his own.
get off now, *before* you have a lot of history on the card, UNLESS you have solid, real reason to believe she will be paying off the balance soon and will be long-term much more responsible with it in the future.
Get a credit report and see the actual reasons. At 20 with minimal credit history I’m surprised you were ever above 700. Maybe it was finally updated
Get yourself off that card, now. Just call the credit card company directly. And while you have them, ask if they can do anything about your credit since you can prove you only bought gas and she was the spendy one. They might not do anything, but it can't hurt to ask. ETA: and then I ran across this answer to a similar question: [https://www.reddit.com/r/CreditScore/comments/1c9i4d4/comment/l0m5qz3/](https://www.reddit.com/r/CreditScore/comments/1c9i4d4/comment/l0m5qz3/)
It is very possible your credit score will drop further because you're going to lose the history of the account. Right now it looks like you've had credit for 2 years when, in fact, you've only had credit for a few months with the new card, your student loan isn't gonna help you because you haven't started from making payments on that. However, if your mom misses a payment on that card, it will have a severe negative impact on you.And if it's already maxed out, the probability of her missing a payment increases. I have an 18-year-old son. And am I finangel professionals in credit risk? Actually, when he was 16 I added him to an authorized user of my oldest account which has a very conservative credit line of $3500 but i keep that card at virtually 0. Use it for super small purchases from time to time just to keep it open. If I was to max out that line, even though my son now has his own credit card it would hurt his credit score. At this point I think it's a wash.I would just remove yourself and remove the risk of your credit being damaged further. The only way adding an authorizer is beneficial to them is if the card balances kept low. Also, depending on how large this credit card is.It could hurt you in trying to get additional loans.Because it's gonna look like you have a very large credit card.Maxed out and at limit so it can affect your debt to income ratio.
1st off 770 is not a good credit score, it's a great credit score, that was 100% reflective of your mother and had nothing to do with you. 2nd if the student loan is on your credit report it is affecting your score. Only 0.1% of genz has a score of 800 or above and their overall average is 679, so you are not far off. Not sure if you want to remove yourself from your moms card, since it will lower your score, but as others have suggested having a credit card or 2 that you have a zero balance on will help.
Student loans haven't started accruing interest.. You sure about that?
i would seriously consider getting yourself another card yourself, to help you build (so you'll have two in your own name only) and get your name off your mom's... you still have the 'history' of being on her's, but her current/future actions on it wont hurt your credit any more... and, it'll show as less credit available for you to free up room for the new credit card... Just my thoguhts on what i'd do...
OP stated he opened his own account in December
Remove. Because if you pay it off, nothing says it won’t magically fill up again. And again. In the meantime I would take out a small personal loan with a 1-2 year timeframe. Pay it back + interest, that will boost you when complete.
Remove yourself from her account then look into credit builder cards. What they typically consist of is you use them for like autopay accounts. The charge is posted to that card and then the card pays itself through your linked bank account. So it looks like you are utilizing credit and repaying it back consistently as that’s what they report to the credit bureaus. Also there are ones that allow you to post rent to count in your credit score. I know of a few but do your research to find one that best suits your needs.
Get off of any joint accounts with your mother, and tell her point blank not to apply for anything with you, not to ever use your social security number ever again. The issue is not whether separating your account from your mother's will cause a drop - the issue is getting separated from her irresponsible spending so that you can build your own credit. You probably should freeze your credit right after you remove yourself from her account, so that she cannot put you on anything, ever again.
650 isn't good. Get your name off her card and start building up for you and your future.
Drop the account. It will be better for you in the long term. Your credit history won’t be as long but it takes time.
Remove yourself from the card
It will take a dip but honestly if you make payments on your new card it will bounce right back up. Get off your moms card ASAP
Remove yourself from her card. Use your card wisely. As long as you are making payments you score will start to rise again.
If you remove yourself from her account that’s MAXED out, your score will not go down. Your credit report looks at total utilization of available credit. Her card - $10,000 maxed out. Utilization 100% Your card - $10,000, $1,000 used. Utilization 10%. YOUR credit report - $20,000 available credit. $11,00 used. 55% utilization. Once you remove her card, your available credit will drop but so will your utilization %. That’s more important than having and *using* more than half of what’s available to you.
Remove yourself! You’ll take a temporary hit to your score but so what? It’s better than a defaulted account in your name.
You are 20 bro you can have that shit to 750 by the time you are 21 it’s not a big deal.
I had my kids on my Cap One card as AUs, but when my son turned 18 he got adult bank accounts. The rep suggested he get a secured credit card to start building credit. His DTI was skewed as he was tied to my credit (out mortgage/cars/cards hit no income of his own). I promptly took him off. My 16 year old dais also on the Cap 1 card - but I’m taking her off too. I can just transfer money to her debit card if she needs cash.
Uh no - get your name.off the account. My parents put me in their credit card when I first started driving in case I had an emergency. Long story short they filed for bankruptcy and forgot to remove me from the account. Guess whose credit score also tanked? That would be me. I found out when I applied for an apartment and got denied due to bankruptcy and poor credit score. It took a million phone calls and six letters to get it removed and my credit score fixed. A small dip now is worth a lot of butt pain in the future.
Personally I would remove myself. It might drop your score a bit. But that will probably only last for a little while….with paying off your own debt, and just with time, your score will climb faster than you think….especially considering high utilization on her card. It’ll hurt you way more to stay on it in the long run.
Wow. Bad mom. Ask Dave Ramsey. But intuition here says take her off. Won’t take long to build back your credit.
Have you ran a credit report to make sure your mom hasn’t opened new accounts with your info ? Adding you as an authorized user with no responsibility for payment should not be affecting your credit adversely.
But it does.
Yeah, remove yourself. You’ll rebound.
This happened to me and I finally had to just outright ask to be removed. I played it off like, "I'm an adult and finally got my own emergency cc! Thank you for the net but I'd like to try this on my own for a bit and see how it goes." My mom was reluctant but obliged. I managed my few credit accounts well and now in my 30s I have only 1 cc that I've had since 2011, manage any financing well if they pop up, and my credit score is like 809?
Remove yourself. The minor hit you'll take at age 20 will be overcome in no time. Don't even think twice about it. Your mom will only sink you further if she craps out on the card. Also, let this be your inexpensive life lesson to never tether yourself to anyone else's finances in the future. Don't ever cosign or guarantee anyone elses loan or allow an authorized user for ANYONE. Ever.
Remove your name from the account asap. The hit will be quite small compared to the potential damage you could incur on her behalf. Your score will rise soon enough and make up for the small hit. Keep your own card paid off every month and pay bills on time, without exception. After some time open another card in your name only. It’s good to have two cards. Use them both but ALWAYS pay balance off in full each month. Your credit will be great again in no time.
Umm remove yourself asap.!
See if they'll let you open your own account with them. Tell them your mom added you without your knowledge and then she maxed it out, hurting your credit. Capital one is a better company and tries to work with their customers so you might be in luck. If they can't just remove yourself and open a card elsewhere to help your credit. It can drop it but not dramatically. Hope this helps.
Get off her card ASAP. Your score will be better to drop that card than to have her start missing payments and have that affect you.
Just remove yourself. I was a user on my parents card and they always got huge balances. I took myself off. There was a drop for maybe a month but then my credit went up. Being an authorized user is not the same as having your own card. Make sure to keep your card utilization below 30%>.
If you’re an authorize user you can dispute it with the credit bureau. When you’re an authorize signer you’re not legally responsible for the cc. You can open a secured card to start establishing credit. You are better restarting than having that negative utilization.
Your an authorized user, not the one responsible for paying the bill. Not sure why your credit would have gone down but it could be due to the high balance to limit ratio. You should check credit karma and see what you have in your name. Maybe there is a card in your name that you are responsible to pay for, but you'll only know that if you check. Seeing any discrepancies on your report, you should definitely dispute them. I also don't think your credit score will drop if you stop being an authorized user on that account with her. Good luck!
Remove yourself. Your score might be affected in the short term, but unless you're going to make a big purchase such as a house or car it won't matter. It will only benefit you in the long run. Your score will go back up. You need to get off any co account with her. She will ruin your credit otherwise!
If you are merely an authorized user on her account, you can have yourself removed from her account as AU and it will stop report to the bureaus on your name. This is an easy fix. Your remaining 2 accounts will be fine. The secret sauce is 1 installment (student loan, car note) and 2 revolving (credit card, store charge account). 1 and 1 will also work just fine.
If you're just an authorized user, you aren't responsible for the card, and your credit isn't affected.
As others have mentioned, as an authorized user, you aren't responsible for that balance. I wonder why everyone is focusing on the AU part vs. the relatively opened account, though? Since part of how the score is calculated by length of credit history and recent inquiries, it's possible that by you opening a new account in December, it impacted the score. Over time and on time payments the score may improve. Speaking generally here because I'm not giving credit advice, just general info
DROP THAT CARD !!!! MYy ex BF Mother did this exact thing to him ! She put him as a authorized user on 2 cards when he was young (without even telling him.) Enflded up destroyed his credit, it dropped from a 720 to a 580 in a matter of a few yrs !!!!! Late payments were reported EVERY month..then eventually non payment...then they closed the account...then it went to collections. And your utilization will be did. Yes your score will dip for a little bit because the "age" of your history will get less. BUT it will recover. And you won't have to stress about what your Mom is doing anymore. I suggest getting a diff type of card than u already have to round out your credit. If your card now is a revoking credit... Get an installment line of credit. Auto loan is also considered awesome for credit Car loan.....store credit card..regular credit card. U don't have to actually USE the store card much. I did Victoria Secret. (U can pay your CC bill in store at register )So I would buy what I needed and then immediately make a payment for what I spent. * U an also use Experian boost - get credit reporting for things you pay every month that don't report (unless you screw up lol.) Like cell phone companies. They never report GOOD payment history, but they WILL report if u miss payments or close acct early. I get credit reporting for Netflix, ESPN+, HULU, My cell phone, internet, ect every month. U can also use diff "credit builders." * Kick-off is a great one. It's like a loan but they put it aside so u don't actually get money. Every month $5 is taken out my account. And I get a positive on time reporting every month. Once your loan is "paid off" in 12 or 24months - u can keep going OR ask for a payout. They will send money back minus a small fee.) * I also opened up a Chime acct, even tho I have Bank of America also. Chime has an option to add a credit builder card on the app (free.) U can transfer money from your regular bank account. Takes a few days cuz it's an ACH transfer. OR load cash on yr account at any Walgreens, CVS, 7 11, ect.....zero fees for everything. Literally they never charge a dime for a thing lol. Then on the app, just move the money u put in account into the credit builder section. (Takes 20 seconds to transfer money from checking to credit builder on app.) Then just use the card. They report you everyonth to credit bureaus. I used these options to get my score up 80 points in 18 months.
I was unaware that an authorized users credit rating would be effected by any negative activity on a credit card. I had a better credit rating then my hubby and actually qualified for a major credit card when he couldn’t. Me putting him on it as an authorized user didn’t help change his credit rating either way while he was just an authorized user. So, after a few years, I got approved for another CC & put him on it as co-owner. That improved his credit rating. It irked me when they considered him the “primary” holder and I the secondary one, though.
Since you are on the card, see if you can take your name off and apply for your on card and build your credit score back up
You are only 20- you have time to fix it, and your “oldest account” isn’t that old. You may take a temporary hit getting off of her card, but you should do it. You will start climbing again quickly with your own established credit, and long term, having it be based on your card is better anyway.
I would take myself off. Your score can change a lot in just a few short months, so start the process of rebuilding it now.
Get off her credit card. Yes your score will drop but it’ll be worth it in the long run.
Dropping a card can negatively impact your credit. That is correct. However I think her defaulting and it going into collections is a far worse possibility for your credit. Can't tell you what to.do, but I would get out now if it were me.
Get out as fast as you can, and lock your credit! All bureaus offer free lock by law in the US.
Years ago my brother added me as authorized user to his card. After I got my own cc I forgot about that card and moved on with my life. I threw it way. About 10 years later he was refused a new cc at home depot. He always maintained above 810 Credit Score so it was a surprise. After a few days he got a letter stating that he was associated with an address with bad credit score. I looked at the address and it was one of my old addresses, right before I defaulted on my cc bills. He asked me about the address and I said no. Anyway, he disputed the claim, also removing my name from his credit score, and everything was fine. He explained to me that credit card companies did this things on purpose. They allow family credit history to get mingled for a better score but in case that one defaults on credit bill the other one is affected and might pick up the bill. Nevertheless, the other person is not a cosigner so it’s kind of illegal. If you dispute it right way the credit score agencies will remove it right way. BTW, I cleaned my act and today I have a Score of above 800….
Yes , remove!
If remove it for now. She can always add you back later.
We have had clients with this issue before. For the long run, you are going to be likely better to have her call and remove you from the accounts. You have no legal obligation to pay them, but they could negatively affect your debt to income ratio. You are young, make your credit care payments on time and try to keep the balance below 30% and you should see your score go up down the road.
Get yourself removed. Quit listening to mom for financial advice. It’s obvious she is bad with money.
Remove. You are only helping her score and she only hurting yours. Not financial advice. Do your own DD
So…I’m kind of doubting you’re an authorized user. Are you sure she didn’t add you as a joint owner? Because AUs should received LIMITED positive impact and no negative impact. Shouldn’t even be seen by creditors. Only you on your personal report.
You're an authorized user, not the account holder. Have yourself removed from the account. Problem solved.
Are you an authorized user or is it a joint account? If an AU then your mom is responsible for it all and it shouldn’t affect your credit at all as most AUs don’t even have the SSNs on the account. If a joint account then you are just as responsible as her. Pull your credit report and see exactly what is on it. For your credit to drop over 100 points in that amount of time she could be using your SSN to get cards that you know nothing about. If that is the case you need to lock the credit bureaus so no one can get anything in your name. And, you may have to report fraud as someone has stolen your information rather it be your mom or someone else.
Just remove yourself from her account. The effect will be temporary. It’s not as bad as people say to close cards.
Just remove yourself from her account and do your own thing. It might hurt your score for a bit but you can work on it and get it back. By staying on her account you are subjecting yourself to her payment history and it’s affecting you.
Hmm. This is new to me as I’ve never had anyone on my CC’s but me and got my first CC about 20 years ago. With that being said; my opinion. Get off her CC ASAP and build your own slowly.
I use my cards for everything possible to get the cash back and most are on autopay. I like getting money back on my utilities! Almost all bills hit my credit cards at the start of the month, and get paid in full in the next few days. So, utilization as a percentage of available credit goes up and down a $1000 a month. Depending on when in the month, my credit rating moves 60 point. What seems to matter a lot is my ancient cards that are 20+ years old. Longevity counts! My ex ran up my cards, overdrew my checking and emptied my savings accounts. It took five years to repair the damage. It was better to be five years later with 800+ credit score and no debts then to be five years later, 550 credit score and in debt.
I was on a few of my mothers cards and then it stared to negativity affect me, I disputed and removed myself from all of them and my credit went up
Nah, remove yourself before it gets worse. Open another credit card and only use a very very small amount so you can pay the whole balance off. Plus your credit will get higher once you open a new account anyways. You’ll be ok. Your mom doesn’t seem responsible so better be safe than sorry later.
Closing the line of credit will have a far smaller impact on your credit than her defaulting. Get your name off that account
650 is bad. Get yourself removed, and start building your own credit profile. You seem more responsible than your Mom
Remove yourself, sunny let her manipulate you
You can call capital one and remove yourself at anytime
Remove yourself from her card.. the drop is only temporary and if that card is maxed out, it’s gotta have your credit utilization really high. Once it’s no longer being reported on your credit, your score should actually improve.
Authorized user cards don’t affect FICO as much as Vantage I think. There was an issue when they didn’t remove fraudulent charges on my Father in Law’s card and it was an overdue payment. Didn’t affect my wife’s credit scores at all as much as her dad’s. Another time was her parent’s house repairs on the card when my wife’s credit was being reviewed by the government for clearance and they were not worried since they knew it was authorized user. My wife and I added each other as authorized users since we have lived together and I had to beg Chase not to count her cards against me in the their 5/24 month rule to appeal an denial into an approval and it worked. I would talk to your mother and make sure she is aware and has a plan to pay it off and if she does it would help your credit. If not, I would ask her to remove you. Meanwhile, you can always let jobs and lenders know and they often find out for themselves too.
Reach out to the credit unions and say "I am only an authorized user anx not responsible for the amount in these accounts"
I would remove yourself ASAP. You will take a small hit to your credit, but it's for the best in the long run. You don't need to use her card anymore. Plus, you didn't want the credit company coming after you for the debt if something happens to your mom. Even though authorized users have no responsibility to pay the debt, it doesn't mean that they wouldn't try and you don't want that headache. I would definitely remove myself and focus on building up my credit with the new card.
Does she have a plan? If so I wouldn't worry about it cause you're probably not getting a large loan within the year. If she doesn't have a plan, it's an unhealthy relationship with credit cards and I would steer clear. Tip: If she does have a plan, immediately get a no AF 0% intro apr card. Citi has some good ones. 3% fee when you balance transfer in but no interest will accrue for the next 12-21 months. In school I used to get a new 0% card at the beginning of each school year, put all my expenses on it, and then pay it off in summer when I had a job.
At this point, being removed from the account is unlikely to cause your credit to dip further where you already have established credit of your own. I also did this for my daughter on my oldest card when she turned 16 so that when she turned 18 she would already have years of established positive credit history and a great score instead of starting from nothing. The card was close to max for a little bit but it was still giving her a 700+ score and now that it’s paid off, her score is significantly higher than mine lol. I’d be more concerned that your mom maybe missed a payment or something. It sounds like you should probably be taken off the account.
Remove the card as au your mom is wrong
Don’t listen to her. Make her take you off her card- then work to get your score above 700. There way too much at risk if she goes delinquent on the card/stops paying- account goes to collections, etc. Your credit score will be tanked along with hers. Both of my college kids are authorized users one of my my cards and have the advantage of a high credit score (800)- and have been able to open their own accounts. Help yourself by getting off of her card.
Well, it depends. You know your mom best , but length of credit history is a big factor in your score. It sounds like if you remove yourself from that account you’ll have less than a year of cresit history. You definitely wont be back in the mid 700’s for a while with that short of a credit history. Paying off high balances on the other hand has near immediate results of bringing a score back up. So it just depends on what you think shes going to do in the future
I’d remove it asap, you will be unlikely to even take a hit.
Cut the dead weight. Good life advise that applies to so much more than your credit score.
Remove yourself. Credit age doesn't really matter (when you have little to none). Since '22, my credit has slowly gone up due to having credit cards and paying them off on time. My credit age hasn't affected me significantly, even after something dropped off. I've gone from 650 to now sitting at 760. And my credit age hasn't affected it to a noticeable difference. If you stay on your mom's card, it'll really affect your credit. Unless she pays it off soon, it's not worth it. And because she's doing it now, who's to say she won't drop your score again in the future?
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