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Tradelines

Authorized User Tradelines

Authorized user tradelines can be very effective for many people, assuming that they added superior tradelines to what they already have in their credit file. On the other hand, since many people are not educated about how the system works, it can be easy for people to choose the wrong tradelines that do not help them very much.

The best tradelines for your situation will be chosen, to get the results you need. We will need to review what is already in your credit file and discuss how adding tradelines can benefit you.

When we choose a tradeline, there are basically only two main variables to consider:

(1) the age of the tradeline

(2) the credit limit of the tradeline

All the other variables should be about equal, which includes having a perfect payment history, having low utilization (at or below 15%), the type of account (usually a credit card), and the reporting date of the account.

Rent Reporting Tradelines

Rent reporting tradelines can help if you plan to become a homeowner. A new tradeline will be added to your credit report that will reflect your on-time rental payment history. As well as, the length of your rental payment history.

Your rent payment history both strengthens your credit file with positive data that is taken into account and demonstrates your ability to repay your largest monthly obligation.

Clients can see an average initial change of 35-50 points in their credit score from rent that is reported. By improving your credit profile, this will make it easier to qualify for that new home and help you get the very lowest interest rate.

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