Tradelines
Authorized User (AU) tradelines
involve adding a person as an authorized user to an existing, well-managed credit account, typically a credit card. This method allows the authorized user to benefit from the account’s positive credit history (such as on-time payments and low balances) without bearing any responsibility for the debt. AU tradelines are a quick way to boost a credit score, especially for those with limited or poor credit, but they can be temporary and are reliant on the primary account holder’s responsible management.
Primary (Prime) tradelines
, on the other hand, are accounts opened in the individual’s name, such as credit cards, loans, or mortgages, which are fully managed by the individual. Prime tradelines are typically more impactful and stable for long-term credit building, as they demonstrate independent financial responsibility. While slower to build credit compared to AU tradelines, prime tradelines offer lasting benefits that strengthen credit history over time, making them particularly valuable for individuals aiming for substantial lending opportunities like a mortgage.
Tradeline Benefits
Faster Credit Score Improvement
Tradelines can provide a quicker boost to an individual’s credit score, especially through authorized user (AU) tradelines. By adding a positive tradeline, a person can benefit from the account’s existing good payment history, often leading to a noticeable score increase within a month. This rapid improvement is particularly beneficial for those seeking immediate credit enhancement for loan approvals or better interest rates.
Enhanced Credit Profile Diversity
Tradelines, especially primary (prime) tradelines, add diversity to a credit profile by contributing different types of credit, such as installment loans and credit cards. A diverse mix of credit types can positively impact credit scores, as it shows a borrower’s ability to manage multiple credit obligations. This diversity not only strengthens a credit report but can also make an individual more appealing to lenders when applying for future credit.
How It Works
Selecting Tradelines
You may inquire about an updated selection of available tradelines, which vary in factors like credit age, limit, and type (e.g., authorized user or primary).
Each tradeline offers unique advantages, and visitors can select those that align best with their credit-building goals, like improving their credit score quickly or establishing a stronger credit history.
Verification and Payment
Once a tradeline is selected, you will be asked to complete a verification process and make payment for the service.
This step ensures that all necessary information is collected to add the visitor as an authorized user or set up a primary tradeline account in their name, depending on the selected option.
Credit Score Increase
After verification, the tradeline is added to the visitor’s credit report within a days.
This addition can help improve their credit score by showing a positive payment history, low balances, and extended credit history on their profile, making them more appealing to future lenders.
