Explaining Seasoned Authorized User Tradelines
So what are seasoned authorized user tradelines ? Well, first of all, we need to define the phrase authorized tradelines. An authorized tradeline, or often called an authorized user tradeline, is a credit card account that somebody other than the primary account hold has been authorized to use. A seasoned tradeline is simply a credit card account that is 2 or more years old. What Is The Seasoned Authorized User Tradelines Industry All About? Selling and buying authorized user tradelines has become big business. There are countless websites offering to bring together sellers and buyers of seasoned authorized tradelines. These intermediary websites make their money by getting a percentage of the action on both ends. Unfortunately, because the industry falls into something of a legal gray area, it isn’t tightly regulated. This opens the door for scammers and frauds. So you need to be careful. That’s why a company named Top Tradelines is the place where you should buy authorized user tradelines. It has one of the best reputations in the industry and it carries a $1.5 million insurance policy and a $10,000 Surety Bond-both of which are required by federal law. How Do Seasoned Authorized User Tradelines Improve My Credit Score? Based on a piece of legislation passed about 40 years ago, The Equal Credit Opportunity Act of 1974, creditors report the account activity of all authorized account users to the three major credit bureaus. So if you are listed as an authorized user of someone else’s credit card account, that account will appear on your credit report. As a result, the repayment history, credit limit, and debt ratio of that account will impact your credit score. The seasoned authorized User tradelines that people buy are supposed to be credit card accounts with flawless repayment histories, relatively high credit limits, and low debt ratios. As mentioned above, that is not always the case. But at www.TopTradelines.com , you are guaranteed to get the highest quality authorized user tradelines at the best value. When you search the Top Tradelines ’ database you will see the particulars of every authorized user tradeline for sale, like the name of the creditor, credit limit, and price of the authorized tradeline. So it is a good idea to buy authorized user tradelines at Top Tradelines .