- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Parents opened card...
Posted on 3/20/14 at 9:59 pm
Posted on 3/20/14 at 9:59 pm
Like many people, my parents added me to a credit card when I was relatively young to start building my credit. Also like many people, my parents proceeded to nearly max it out over the years. So, I'm in a bit of a quandary. On the one hand, it is increasing my credit age. On the other, it is throwing my credit utilization completely out of whack (it has me around 35% instead of near zero as I pay off my cards every month).
So, my question is whether it would be in my best interest to take the credit age hit now, or continue to allow my credit utilization to look far more risky than it actually is? I'm currently leaning towards the former as I don't have any plans to need my credit for the next few years, but I'm admittedly shooting in the dark.
So, my question is whether it would be in my best interest to take the credit age hit now, or continue to allow my credit utilization to look far more risky than it actually is? I'm currently leaning towards the former as I don't have any plans to need my credit for the next few years, but I'm admittedly shooting in the dark.
4
Posted on 3/20/14 at 10:02 pm to Joshjrn
Ask them to stop putting so much on that one card.
Or ask your other CC provider(s) to increase your limit(s). If you are able to get your limits high enough on your other card(s), the one with your parents may not matter when it comes to utilization.
Or ask your other CC provider(s) to increase your limit(s). If you are able to get your limits high enough on your other card(s), the one with your parents may not matter when it comes to utilization.
Posted on 3/20/14 at 10:19 pm to Joshjrn
Sounds like you don't need that card anymore. I highly recommend getting your name off that card. The age of account hit isn't really that high and if you already have your own credit lines you don't need to have your credit affected by their (mis)use.
Posted on 3/20/14 at 11:08 pm to Joshjrn
quote:
Like many people, my parents added me to a credit card when I was relatively young to start building my credit
Apparently I got the shaft here.
Posted on 3/21/14 at 6:13 pm to Joshjrn
Do you even Anarcho-Capitalist, bro? 
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News