What Are Authorized User Tradelines?

Tradelines are usually established lines of credit. You can become an authorized user on someone else’s credit to build your own credit. The process is simpler than it sounds. Once you’ve identified a reputable cardholder, you can request to be added as an authorized user to his or her credit line. It’s a lot like asking your parents if you can become an authorized user on one of their credit cards so you can build your own credit.
You need to be careful when becoming a user on someone else’s credit card, though. The last thing you want to do is damage your own credit even more by choosing someone with a poor payment history. It’s best to go through a trusted tradelines company with a good reputation. My Credit Genius Tradelines partners with qualified brokers to ensure you have access to established credit lines with good payment histories that will reflect well on your own report. You won’t have any liability for the debt the credit card owner incurs, but you will benefit from his or her credit limit and on-time payments. When the card shows up on your credit profile, it helps to build your credit and increase your borrowing power.

How Long Do Tradelines Remain on Credit Reports?
A tradeline should remain on your credit report for at least 30 days. This should be long enough to help boost your score. You can also consider renewing your lease if you want the tradeline to remain on your report for a longer period of time.

How Do Tradelines Help Credit?
Established credit lines almost always improve scores more than new credit lines. A credit account that has been open for 20 years with few or no late payments is like gold for your credit profile. But few people have the patience to wait 20 years for their credit reports to improve. Becoming an authorized user on an established line of credit is an appealing shortcut for many. Our bankruptcy attorney in California offers an option of booking flexible appointments. Established tradelines show up on your credit report as if they were your own. For example, if you become an authorized user on a credit card that has been open for 20 years, it will appear on your credit report as if you have had the credit line for 20 years. There is arguably no faster or more effective way to gain an instant credit history.

How Long Does it Take for a Tradeline to Appear on a Credit Report?
Usually, tradelines appear on your credit report approximately 30 days after you become an authorized user. Timelines may differ from person to person. When you sign up, My Credit Genius Tradelines can give you an estimated period of time when a tradeline should appear on your report.

How Much Will a Tradeline Increase Your Score?
There is no firm answer regarding how much your credit score will increase once you become an authorized user on a tradeline. there are so many variables to consider, including your credit history, the age of the tradeline and your overall credit utilization ratio. Keep in mind that tradelines are not a cure-all. They can, however, enhance your score and help you build credit if you don’t have any.

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Now is the ideal time to start building your credit and preparing for a better financial future. We look forward to helping you build or rebuild your credit!