Authorized User Tradelines
Frequently Asked Questions
Trade lines are a great tool to use, but they promote a lot of questions. This is a great FAQs page to visit prior to diving into some of the more complicated areas of trade lines. If you have any other questions, please see other categories of trade lines to the right of this text or contact us. According to experian.com a trade line is an entry by a credit grantor to a consumer’s credit history maintained by a credit reporting agency. A tradeline describes the consumer’s account status and activity. Tradeline information includes names of companies where the applicant has accounts, dates accounts were opened, credit limits, types of accounts, balances owed and payment histories.
Authorized user tradelines mean only one thing: credit card revolving accounts onto which an individual is added as an authorized user. “Tradelines” are the accounts listed in a credit report, such as mortgages, auto loans, credit cards, etc. An “authorized user” is a person which is given access to the account as a user, but who is not responsible for balance. While this is the definition, the term “authorized user tradelines” has become synonymous with a credit enhancement technique where people – like you – can pay to be added as an authorized user for the sole purpose of having the history associated with that account appear on the authorized user’s account. This – if the account is in good standing – can drastically improve the authorized user’s credit standing.
WHAT ARE AUTHORIZED USER TRADELINES?
Authorized user tradelines are typically revolving lines of credit on which someone places another as an authorized user account holder. The tradeline then appears on the users credit report. It is called an “authorized user,” because the person added is merely authorized to use the credit card, but has no obligation of repayment. In addition, the authorized user inherits, so to speak, the previous payment history and characteristics of the account established by the primary card holder. This is why credit scores can increase when a person is added as an authorized user to an account in good standing (and why credit scores can decrease if that same person is added to an account in bad standing).
HOW LONG DO AUTHORIZED USER TRADELINES TAKE TO POST OR REPORT?
I never understood how companies can claim to have lines report within a specific time… on the basis of fact, that makes no sense. The truth is, each tradelines reports once per month. So, if you order a tradeline on the 1st and it reports on the 20th, that tradeline is going to post in 20 days. The only time takes longer to post is in the scenario that you order a tradeline too close to the report date and you have to wait until the next reporting cycle (1 months plus a few days, give or take). So, if you order a tradeline, it should be on your report within 30 days, tops. If the tradelines does not post within 30 days, then the company either dropped the ball or there is something wrong with your credit report (security freezes, fraud alerts, etc.).
DO AUTHORIZED USER TRADELIENS (STILL) WORK (IN 2017)?
Yes, despite all the propaganda about FICO 08, credit bureaus, etc., authorized user tradelines still work and we do this every single day. We wrote here about whether or not tradelines still work, and here about the myths surrounding FICO 08. You can read about tradelines all day long and your head will spin with all the different opinions out there. The best way to determine if it works is to buy a tradeline and find out yourself. What if it does not and you lose money? We have a $10,000.00 surety bond and a trust account… if the tradelines do not post, you get your money back of file a claim against our bond… no other company in the Country offers this kind of guarantee.
WHAT ARE SOME REASONS AUTHORIZED USER TRADELINES DO NOT POST?
What are some of the reasons authorized user tradelines do not post?’]Authorized user tradelines are tricky, which, by the way, makes it is worth it to purchase them from an experienced company in this field, like Superior Tradelines, LLC. There are many reasons authorized user tradelines do not report to credit bureaus, which include the bank of the tradelines, the type of credit line at the bank, whether or not the primary user and authorized user share the same name or the same address, etc. There are many more reasons why they tradelines refuse to post on an authorized users credit report, and we have yet to encounter a scenario in which we were unable to get the tradeline to post correctly. Call us for more details.