Well the short answer is EXTREMELY IMPORTANT and here is why. Most Americans over (79%) have a negative item on their credit report that may or may not be theirs in the first place. So adding a tradeline or (Authorized user account) with good age and high credit limit to your credit report will not only raise your score fast but will give you what MOST LENDERS, BANKS AND CREDIT CARD COMPANIES look for when determining credit worthiness to approve or deny you for credit. Most lenders are looking forSEE DETAILS
In 2019, it’s possible to walk into a dealership, spend less than 45 minutes, and walk out with a car… that you *ACTUALLY* want. No slimy salesman. No wasted time and effort. But you must know what you are doing. Is your credit score below 655? If so, you will experience car payments and interest rates known to man (and that’s if you even get approved.) Expect to get denied, or expect a 2019 Mercedes Benz car note in exchange for a 1992 Toyota Camry. That’s normal if you have bad credit.
Below are the answers to the TOP 3 tradeline questions we get 1,000 times a day. I thought you might find it useful 😉 The amount by which your credit score can increase with tradelines is different for everyone. We stick with a few rules of thumb that result in the highest credit score boosts our clients.
Your credit inquiries and collections matter because they are the only way banks/lenders know if you are actively applying for credit (i.e. hard inquiries) and if you re-pay your debts. Banks/lenders say that people who are actively applying for credit in the past 12 months are a higher credit risk than consumers who have not. [::Dang, judgmental…::]
This is an expedited form of credit repair that attacks the negative items and weaknesses on your credit report. It’s 1000% legal because the power of the Fair Credit Reporting Act is used to your benefit to challenge the inconsistent, inaccurate, and false reporting taking place with the banks and credit bureaus.
There’s a term in credit enhancement called “tradelines.” Tradelines are an account on your credit report. For example, a credit card, car note, student loans, or a mortgage are all tradelines. Broad regulations and legal loopholes allow for you to benefit from being an authorized user on another person’s tradeline AKA credit card (otherwise known as credit piggybacking). The issuing bank reports the positive credit history including the age of the account, the limit of the tradeline and the positive payment history to Experian, TransUnion and/or Equifax. The payment history, age, andSEE DETAILS </...
I wanted to touch base and let you know that we at Wholesale Tradelines are glad to get in touch with you today to quickly let you know that we can help you resolve any credit problem that burden you. Needless to say that the year has begun, it is time to clean up and boost your credit score. At Wholesale Tradelines, we have over 5 years of experience in credit-related solutions. We help our clients to restore their credit status and give their credit score life again. We can helpSEE DETAILS