Authorized user tradelines, also known as seasoned tradelines are tradelines that not only have a strong credit rating but also have a been aged (are more than two years). When seasoned tradelines are added to accounts with poor credit history, they improve the credit score of the adding account substantially. Therefore, for individuals who have a low or poor credit ratings, they can use the influence of authorized user tradelines for sale to improve their credit rating in a short span of time.
How Authorized User Tradelines Work
Authorized user tradelines work in a number of ways to improving your credit profile. If your credit file is young, the authorized user tradelines improve your profile by adding some years to your profile. On the other hand, if you have a poor debt to credit ratio, you can use authorized user tradelines with high debt to credit ratio and high limits to reduce your debt to credit ratio.
This improves your credit profile, which makes you eligible for loans that you would otherwise be incapable of accessing. Additionally, the improvement in your credit rating also lowers the interest you have to pay for credit. In this regard, you can use authorized user tradelines to gain access to loans and or lower the interest rate you are charged.
However, you should also take note of the fact the positive effects accrued from the use of seasoned tradelines is not guaranteed. The extent of improvement is highly dependent on your current tradeline status. This is to mean that the use seasoned tradelines affect different people in different ways. For instance, if you have extremely poor credit rating due to your tradeline having a substantial amount of negative items, the impact would be minimal. On the other hand, if you are rated as near-prime, seasoned tradelines may take to the prime status.
Characteristics Of High-Quality Authorized User Tradelines For Sale
As mentioned, authorized user tradelines are ideally aged and have a good profile. In addition to this, the seasoned tradeline should have a low debt to credit ratio and have a low, if any balances. You should look out for these characteristics. However, you should consult the provider of the seasoned tradelines to determine the kind of tradeline that will best suit you need.
The Legality Of Seasoned Tradelines
You should note that according to Fair Issac Co (FICO), the use of tradelines is legally recognized. Therefore, you are not liable to penalties or any legal actions whilst using this strategy to improve your credit profile and credit rating.