I have pretty bad credit (680), only 3 accounts with a total limit of $5,500, which I usually almost max out monthly and pay on time.
My wife had much better credit (760) with over $50k limit which she doesn't max out and always pays on time.
Last week I opened a new credit card account ($2500 limit) and added her as an Authorized Member. I charged $1700 on it in the first month which I paid before the due date. As soon as this account showed up on her credit report her credit dropped to 644!
What should we do? Remove her as an authorized user? Limit the percentage we use on the account so it's less than 10% of it's limit? Any ideas? We're kind of freaking out here! :(
Submitted June 11, 2017 at 12:29AM by bigtrade1 http://ift.tt/2sgcZnX
