In this article we'll discuss what authorized user tradelines are and why you might need to consider using them. We'll cover how they can help with you important financial goals like applying for a mortgage, getting that car loan you've been looking for, or simply improving your overall credit score.

Why do you need credit tradelines on your report?

A personal credit tradeline is a term for an account that shows up on your credit report in the major credit bureaus, including contracts, auto loans, understudy credits, and credit cards.

Credit Tradelines are an important factor in your credit report since your overall credit score depends entirely on managing your credit lines and debts. Maintaining a favorable credit record is critical because this is the primary factor used by lending institutions when estimating your trustworthiness.

The better your credit, the more likely you will receive the loan or credit you're seeking. You're also more likely to see a lower interest rate on your mortgage loan or other credit products. Ideally, lenders want to see a clean credit history free of delinquent payments, negative remarks, and high balances. The best credit scores belong to individuals who pay on time, keep their balances to a minimum whenever possible, utilize their credit wisely, and have longstanding lines of credit.

If the major credit bureaus don't have enough data on your behalf to show a good credit score, you'll need to continue improving your score over time by meticulously following the best credit practices. However, there are certain circumstances when you've never had a late payment or a negative remark but simply lack the length or breadth of credit history necessary to obtain the line of credit you're looking for.

Let's say you have a credit card and an auto loan, but none of these are more than two years old. If you decide you're ready to purchase a home - and even if you have the down payment - the bank may tell you that your credit history isn't substantial. Even though your use of credit has been responsible, most major lenders won't see a couple of years of credit history sufficient enough to secure a 30-year mortgage.

What is an Authorized user tradeline?

Luckily, you can take shortcuts that will drastically improve your credit score in a very short period of time. In fact, it may be enough to help you obtain that loan or to reverse the bank's decision of a previous denial. One lesser-known technique that allows building credit rapidly is becoming an authorized user on someone else's credit card.

What does this mean? In short, someone with excellent credit history adds you to their personal credit card's tradeline. This allows you to utilize the leverage of their score credit to improve your own. Depending on the history and specifics of the tradeline, it can make a massive difference in a very short time.

When the primary cardholder's credit card company reports to the credit bureaus, they report your name and information along with the owner's name showing you as an authorized user. In other words, your personal credit report will now show the account details of the owner who authorized you – including the primary cardholder's account age, payment history, and the credit limit available. This additional information works directly on your behalf to improve your score by increasing your available credit limit, the average age across your other credit lines, and your overall credit utilization ratio.

To summarize, using an authorized user tradeline allows you to piggyback off their good credit.

How to get Authorized User Tradelines?

One way to get an authorized user tradeline is to be added to a credit card of your parents, spouse, or a trusted family member or friend who has a long history of excellent credit.

However, for many people, finding someone with excellent credit who is willing to add you as a user on their credit card isn't always an option. The good news is you can use the credit of a stranger in the exact same way, and it's completely legal. Of course, there is a process behind it which requires the cardholder's permission and certain fees, but as a result, you still get a powerful tradeline added to your credit report just as you would if it came from your family member or a friend.

Many private companies specialize in selling tradelines and allow you to buy tradelines directly from their sources. Typically, these tradelines hold you as an authorized user for a minimum of 30 days. Generally, it should be enough to ensure a credit cycle passes and at least one report is sent to the credit bureaus reflecting your status as an authorized user.

At GFS Group, we speciliaze in authorized user tradelines and guarantee each tradeline staying on your credit report for at least 60 days, as well as ensuring the results are posted to at least 2 out of 3 of the major credit bureaus. These conditions are far more preferable than most companies and can be extremely helpful and sustainable during time-sensitive situations.

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How do Authorized User Tradelines help you reach your goals?

As we've discussed, becoming an authorized user of a high-quality tradeline gives you the opportunity to qualify for a credit lines like mortgages, auto loans, higher limit credit cards, etc., and with lower rates.

>Buying tradelines is a way to raise your credit score fast and legally. There is no law against charging someone to add them as an authorized user. An authorized user doesn't receive a physical copy of the card he rents an and doesn't get any of the primary cardholder's information. However, they do get a credit boost and years of perfect payment history on their credit report with no actual access to use the credit for purchases.

The tradeline method is most helpful when your problem is insufficient credit length or a low line of credit rather than a damaged one. If you've had problems staying on top of bills, you should work on restoring and improving your credit first. We can also aid in this process by referring you to trusted partners from the credit repair industry who work in line with the industry's best and most effective practices.

Tradelines work exceptionally well in most cases and have helped many people improve their credit while simultaneously getting the loans they deserve. If you think you're a good candidtate, you owe it to yourself to take a good look at how we can help.

How AU tradelines can help my business?

Sometimes good personal credit is also essential for starting a new business - especially if you need to apply for a business loan on your own. In this case everything described above applies to you, just as it would to any individual seeking any other type of credit.

There's also one more opportunity that tradeline market gives loan related businesses - tradeline brokerage. If you're a loan officer, a mortgage broker, or a realtor you can start closing more deals by converting your credit-challenged leads (those that would normally be denied) into approvals. All you need is the ability to analyze your the credit profiles of your client and detect opportunities for employing authorized user tradelines. Although not every low credit score can be improved this way, there are many that can.

If you want to know more about our tradeline brokerage program, feel free to reach out for more information and learn how we can help grow your business at no extra cost to you: