A charge-off is a devastating thing that can happen to the credit. First, it indicates a payment issue. This is a type of derogatory credit report listing that results from missing payments on a debt for some time between 120 days to 180 days. After this period, the lender closes the report and considers it […]
Category Archives: Authorized User Tradelines
Authorized User Tradelines, Credit Profile Number, Tradelines
Have you ever heard about credit myths? Here’s a tour.
23
Sep
Sep
It would be impossible not to have heard before about the myths and speculations about credit, credit scores, credit history, among others. And, believe it or not, many people believe these myths, which is unfortunate for them, since the only one affected turns out to be their credit. Let’s forget for a moment about these […]
Authorized User Tradelines, Credit Profile Number, Tradelines
Learn what a credit score is and its benefits.
20
Sep
Sep
When talking about credit score, people easily get stressed and although it sounds very good, not everyone has a good credit. The credit score is a topic of much controversy and concern, as it is one of the most common ways for people to get ahead financially when building a business or getting some kind […]
Authorized User Tradelines, Credit Profile Number, Tradelines
Buying tradeline and being an authorized user
16
Sep
Sep
As we have mentioned in other posts, an authorized user implies that a family member, someone you know and trust, adds you to their credit card account. If this is the case, you become an authorized user, but you have no responsibility to pay the card charges that come to the primary account holder, and […]
13
Sep
Sep
Becoming an authorized user can also help you when it comes to credit utilization – what good would it do otherwise? 30% of your FICO scores are based largely on how you manage the balance-to-limit ratio on your credit card accounts. An authorized user account will be factored into your revolving utilization ratio once it […]
09
Sep
Sep
Before we learn how an authorized user builds credit, let’s look at what an authorized user is. While it is true that having good credit is everyone’s dream, building good credit is not something that happens overnight, on the contrary, it takes investment, time and patience. Now, let’s get down to the details. When someone […]
06
Sep
Sep
It’s no secret that when you talk about credit, you expect it to be good. It’s the dream of every person who finds themselves in the midst of debt, loans and bad credit scores. But the truth is that these financial mistakes often happen because a large number of people are unaware of the importance […]
02
Sep
Sep
Credit cardholders blame credit cards for having a poor credit score and getting more debt. But this is not true as the debt cycle, and low credit scores result from poor financial discipline. It is the cardholder who is to be blamed here. You must know a credit card is an effective tool in boosting […]
Authorized User Tradelines, Credit Profile Number, Tradelines
The authorized user and the cardholder, everything you need to know.
27
Aug
Aug
An authorized user is a person who has permission to use another person’s credit and, therefore, to make purchases and charge them to the credit card of the person who has granted him/her this right. However, you should know that as an authorized user you are not responsible for the payments charged to the card. […]
Authorized User Tradelines, Credit Profile Number, Tradelines
Four Facts You Should Know About Credit Reports and Credit Scores.
23
Aug
Aug
Have you ever heard that information is power? And if you want to get control of your credit score, the first thing you should start doing is to know what it is and how to manage it. 1. The first thing you should do is get a copy of your credit statement to see how […]
