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vivaPRlibre

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Whats better for my credit; to have more accounts or less total utilization?
I credit history is only 2.5 years long and I'm trying to build it up. My score is 736 right now. It increased to 757 because I opened 2 new accounts but then decreased to 736 because I have a total 33% utilization. The utilization is high because one of the credit cards its my parents and I am an authorized user.They have an excellent payment history which has I think helps my credit. Should I ask my parents to sign me off?

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If you remove yourself as an authorized user from that account, your score will probably drop because payment history counts for 35% of your score, utilization counts for 30% and credit history counts for 15%.  If you lose that account, your utilization may drop, but your payment history and your credit history will take a big hit, because you've lost that account.  If your parents are making on time payments to that account, I would wait and as their balance decreases, your score will increase.  

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Accounts vs. Utilization

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The best way to keep your credit score up is to have as less utilization as possible. I have many credit cards and a few of them are quite high, but my others have a $0 balance. As my others are being paid off my credit continues to rise. Lower utilization shows that you are less likely to max the card out (which is usually a sign of financial troubles) and start missing payments.

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