tinah159 Posted August 17, 2003 Report Share Posted August 17, 2003 I am in the process of rebuilding my rating to buy property in the future. My boyfriend listed me as an authorized user of his Discover which is maxed out at 5000. I made the mistake of paying off my accounts and closing them, rather than leaving them open with no balance. This hurt my FICO by app. 70 points. Should I leave the Discover or get it off my report? I need help raising my scores: 573, 613,607. 1 installment account (car) 8000 no lates. 1 credit card 0 balance-no lates, 6 collections-all paid-1998 and in dispute. 2 charge offs in dispute-they were Credit Cards I never used. 1 Charge off that is paid, Sorry so long I am trying to give a clear picture. Link to comment Share on other sites More sharing options...
paw67 Posted August 17, 2003 Report Share Posted August 17, 2003 tinah159, welcome to the board. You have come to the right place for questions.As far as the discover card goes, it will probably hurt your FICO also because it is maxed out. If there is anyway that it can be paid down (referably below 50%) it should help your FICO. When being added as an au the best option is to be added to a card with very little or no utilization that has a high cl and a long history. This would give you the best boost for FICO. How long ago did you close out your other accounts? If it wasn't to long ago, you could possibly call the cc company and see if they will re-open the account. Just a thought.Good luck!!paw67 Link to comment Share on other sites More sharing options...
Recommended Posts