On all our accounts, dh is an AU on my accounts and I'm an AU on his accounts. I'm an AU on his accounts since I'm the one who takes care of the financial stuff - so I needed to be able to call then cc company if need be. Now, I'm starting to worry about the # of accounts between us. We will be applying for a vehicle loan in late July/early August this year with our credit union. I'm just trying to get everything in line so that when we apply there won't be any problems getting approved. If we take each other off as AU's on some accounts, will the account on the AU show anything about being deleted as an AU? I mean, anything negative at all? Or will it just go away like it was never there - not a trace of it? Or does this even really matter?? I mean I know being an AU is good for building your credit but can it also bite you in the butt when you've got enough established credit on your own?? Also, has anyone ever been turned down for a vehicle loan becuase of too much available credit? Whenever Citi begins to report, I'd like to have our limits on there, but between the 2 of us, we've got $50,000 in available credit just with Citi. Or would we be wise to wait until after this loan to attempt to get our reports to show the c/l??? Any insights would be appreciated! Ozzy.
I'm not sure it's worth worrying about for a vehicle loan. Your scores look pleny high to me to get a good rate on a vehicle loan. Having too much outstanding credit tends to work against you more when you're applying for unsecured credit.. and not so much when you're trying to get secured credit At least as long as it doesn't decrease your CR score. I think the bank or who ever finances your car will be more interested in your actual outstanding debt (how much in balances are you carrying) rather than the total amount of credit available. My scores are about the same as yours and I haven't ever had troubles getting secured loans (mortgages or cars) with quite a lot of available credit (over 100k) - but I have, on occasion, been turned down for credit cards and other unsecured types.
