|If your credit score is not where you want it to be, or you just want a boost to help you qualify for the best credit products, you should add authorized tradelines to your credit mix. When used properly, tradelines can make a world of difference but don’t take our word for it, you can review feedback left by our clients below.
You may be wondering whether these tradelines are legal and if they actually work. After all, the last thing you want to do is hurt your credit score further and spend good money in the process.
Below is a snippet of the law that has been in effect since the 1970s, so this is not something new!
|In 1974, the Equal Credit Opportunity Act (ECOA) was enacted as one of the US laws regulating the activities of banks towards credit applicants. Regulation B of that law prohibits discriminating on many factors, including marital status, which means you don’t have to be spouses with the cardholder to be an authorized user of his/her credit card.
|Tradelines are one of the most effective credit boosting tools in the market
|You must prepare the account for the tradeline; otherwise, you will not enjoy the full benefit:
Make sure that your accounts are current;
Make sure that you don’t have any fraud alerts on your account;
If you have accounts in collection, it will reduce the effectiveness of the tradeline;
Also, make sure that you provide accurate information about a person being added as an authorized user (whether it’s you or your client).
The provided information should be the same across all credit bureaus;
Provide only real SSN, because trying to use these tradelines for illegal activities can land you in serious legal trouble.
Finally, for you as an authorized user, there is no risk of using tradelines. At THA BOONIES, we strictly control all the tradelines in our program, so we do guarantee the posting of all our tradelines as well as the minimal utilization rate.