Will these be taken off my credit report completely?

Question

I was reading the Suze Orman book when I came upon authorized users. Now according to her book, if you are an authorized user on a credit card you are not liable for the primary users debt. Also, the primary person may call the creditor and have the authorized user taken off of the account.

Is this true? I was an authorized user for one of my friends a couple of years back and she was very delinquent on them. Eventually she paid them off but it brought my FICO score down. I had her take me off the accounts (because of what I read) Now... will these accounts be taken out of my credit report? Will my FICO score go up?

Please help!!! I am clueless!!! I want to buy a home in the next year and I'm trying to build my score and get rid of anything negative on my credit score!

Thanks so much in advance.

Answer 1

There are two ways to go about this. One is to wait for 7 years and the information will eventually go away. As time goes on, the information has less and less value. Over the years, your score will slowly creep up (assuming that you don't create any other negative information).

The other is to remove the information. You can write to the credit bureaus and dispute the information or you can have a professional credit restoration company do it for you. But as always, be careful when you do this. If you do it yourself, you will have limited success. But there are only THREE legitimate credit restoration companies in the United States. So do your DUE DILLIGENCE (or you can email me and I can tell you who the three companies are and you can research them yourself).

It comes down to how motivated you are to get that house.

If you have any questions regarding credit issues, you may email me at [e-mail]

Answer 2

I used this company. They worked. I don't know what else to say.

http://www.nwbusinessadvisors.com

Answer 3

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