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AU on card closed in cardholder's BK, balance still showing on my CR.


mrspock08
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The last post in this topic was posted 3721 days ago. 

 

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I'm in the midst of rebuilding my credit after getting my defaulted student loans discharged and cleaning up my credit report, and I've got a quick question about authorized users, bankruptcy, and card utilization for some of the more expert folks here on CB.

 

In 2012/2013 I was an authorized user on a relative's (not spouse) Capital One card which had a $500 CL. She declared bankruptcy in early 2013 and of course the Capital One card was closed and discharged in that bankruptcy.

 

Even so, the card is still showing up on my credit report, although as a Satisfactory account which is showing as current, but with a date of last payment & date reported of 05/2013. However, it appears from CreditKarma and what I can make out of my credit report it's showing up with the a balance of $474 and the $500 CL, which of course is effecting (increasing) my utilization.

 

My question is, should I go ahead and dispute this hoping to get the balance changed to 0 and therefore reduce my utilization? Or would that just be asking for trouble and I'm much better off leaving it be? I'm not sure how the CRA's handle bankruptcy on CC's when the authorized user didn't file, and obviously I don't want the tradeline to go from showing up as a current, satisfactory account w/ a balance to one that shows up as a negative bankruptcy.

 

Thanks in advance for anyone that can weigh in on how I should handle this, or not!

 

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I would not keep an AU account around that is reporting a balance and simply dispute it as "I was only an AU on this account XXXXXX and I request its immediate deletion". Since an AU has no responsibility for payment the CRAs really have to remove them upon request. If they give you any guff a complaint to the CFPB should resolve it.

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