Raise Your Credit Score
Question:
I want to remove my name from 2 accounts as authorized user due to divorce. Will this affect my credit score? should I contact these 2 companies and request my own account?
I need my good credit to start over and do not want to have this hold me back. What is the best thing to do?
Answer:
You need a mix of credit accounts to build the highest credit score. You need revolving credit card accounts, a vehicle loan, and consumer loans (such as a student loan or a signature loan). The issue you need to focus on is the length of your credit history. If the two accounts you mentioned are the oldest in your credit report, then by closing those accounts you will damage your credit score. Therefore, if possible refinance the accounts in question if they are your oldest.
As you are inquiring about how to improve your credit score, let me give you some information on how a credit score is calculated.