Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
vivaPRlibre

0 Contributions
0 People Helped
Whats better for my credit; to have more accounts or less total utilization?
My credit history is only 2.5 years long and I'm trying to build it up. My score 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 I think has helped my credit. Should I ask my parents to sign me off?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
497 Contributions
1203 People Helped

Less total utilization is better for your credit score. It counts for 30% of your total credit score.  Having more accounts don't seem to have an impact on your credit score unless it is a good mix of credit between revolving credit, installment loans, and a mortgage. If you think being an authorized user has helped your credit, then maybe you should just stay as an authorized user on that account, but maybe let your parents know that keeping the card's utilization rate above 30% could be hurting their credit score and possibly yours as well.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.