Frequently Asked Questions
How Much Does Becoming An Authorized On A Tradeline Cost?
Expect to spend a few hundred dollars, if not more, on a seasoned tradeline or high credit limit tradeline. They certainly don’t come cheap; however, they could potentially save you a lot of money in the long run if you’re in the market for a new house or car.
What Determines The Pricing Of Authorized User Tradelines?
Age, Limit, and Balance. When searching for authorized user tradelines that will help boost your credit score, you should be looking for a tradeline with a significant limit, two years’ worth of payment history, and a low balance.
How Much Better Can A Credit Score Get From These Tradelines?
It depends on the items of your credit report and the tradelines being chosen. It doesn’t matter what situation; the credit score will never go down after purchasing an authorized user tradeline. On the other hand, clients’ credit scores may change little or not; each client is unique, and we will be able to formulate a plan that will best benefit your score. One definite scenario would be that if you have no previous credit score and decide to purchase an authorized user tradeline, your credit score will most likely be in the positive score zone.
Which Is Better – Primary Or Authorized User Tradelines?
It depends on what you need at the current moment. You can find yourself in two scenarios: either you have no existing payment history and no credit score, or you have several credit card accounts but need a boost. If you have no previous credit score, then it is preferred to get a primary tradeline, this way, you can get an established score to work off. You can get these by opening credit cards at banks and just getting any credit card with your name on it. On the other hand, if you already have a history and need a boost, it is better to get an authorized user tradeline to gain years of the payment history added to your report and help boost the score. This is usually better when you have already gained some primary tradelines, such as young credit cards with low limits.
Should You Buy A Primary vs. An Authorized User Tradeline?
You cannot buy a Primary Tradeline; the only type of tradeline available for purchase would be Authorized User Tradelines. Although it is possible to transfer over a Primary Tradeline, it requires a legal matter and is often much more expensive and, in some cases, illegal.