craigcox

I was an authorized user on a gas card of my moms. When I was 20, she was about to file for bankruptcy and called the issuing bank and asked that I be removed. I made sure to find out when they report to the credit agencies to that I could verify it as soon as possible.

In my case, there was no problem. As stated above, if you are actually a co-borrower on the card, then you're stuck with it until it's closed and paid for.

It is the same score that anyone else would see if they pull a TransUnion report. Keep in mind that the 2 other credit reporting agencies (Experian and Equifax) may receive different reports and therefore have different scores. My scores have varied by about 10 points or so.

Most banks will pull all 3 reports and either average them or take the middle score.

I am eager to hear a real answer to this. I have heard before that putting purchases from places like dollar tree and dollar general on a credit card can hurt you. Not so much from a credit score stand point (because a report doesn't show purchase details, only the balance), but the issuing bank may look at it bad. If they think you are having to put something from dollar tree on credit then you may be a bad risk and they will lower your limit or increase your rate. These can hurt your score in the end.

I wonder if card companies will look at your report to see if you qualify for a limit increase and see that you have a line of credit at RAC and think the same thing as above?

While a credit report inquiry is a "hit" on your report, it is considered a "soft" hit and will not have ANY impact on the report and score. If you apply for a card or loan then they do a "hard" hit, which is what you are thinking of.

Just remember this: the FACT Act allows you to check each bureau (Equifax, Experian, and TransUnion) every 12 months. If they offer that, and actually encourage it, then these 3 hits certainly do not hurt your score. TIP: check one bureau every 4 months to keep a pretty good look on your report throughout the year instead of checking all 3 at one time.