Tradelines and Their Benefits

By adding your name as an Authorized User (AU) on one of our high limit, low balance credit cards with a long and perfect payment history, the account history for that credit card appears on your credit report. It looks like that credit card’s history has been there since the account was first opened whereby you benefit from this “coincidental benefit” that gives you an immediate FICO® credit score boost. An AU is someone who cannot use the account, cannot make any changes to it, nor do they have the responsibility to repay any balances that might be owed.

Check Out: SOKO’s Credit Repair Process

Improving credit scores is a simple process of either removing negative items, and/or adding positive data. At SOKO Credit Repair, we add Authorized User tradelines, which are positive data, and once they post you will receive a credit boost. If you have a poor credit score, you will need to either pay to add positive data, like tradelines, or apply for something secured, and settle back and wait months, if not longer, to apply for something secured. Only then will your credit truly start improving.

The only way to quickly improve your score is to add tradelines or positive data of some kind. By utilizing tradelines, you can cut nearly a year or longer off of building your score to the approvable range, and many times far beyond that. Tradelines come in two different varieties: installment and revolving. Installment can be auto, mortgage, student loans, and personal loans. These are collateralized and do no impact credit as much as revolving lines do. Since there is no collateral with revolving tradelines, they are unsecured–in that sense they are a form of signature loan akin to “I owe you in good faith,” and can count for a much as 70% of the credit score. Revolving tradelines are the best answer to “How to improve Credit Scores?”

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