Why buy a tradeline and how authorized user lines help your credit
Why buy a tradeline? About 80% of your FICO score comes from payment history, length of credit history and the amount of debt you carry. Every EzeCredit tradeline brings perfect payment history, low utilization and a long credit history.
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About tradelines
The basics
Why would someone want to buy a tradeline?
Tradelines make up most of a credit report, and everyone wants the best report possible. The basic way to build good credit is to open different types of credit accounts and pay every bill on time. If you keep doing that over time, you should end up with good credit.
By improving the factors that go into a credit score, such as payment history, age and utilization, you could eventually even reach a perfect 850.
If you have errors on your credit report, you may want to consider credit repair. We are not a credit repair company.
How a FICO score is weighted.
35%
Payment history
Every EzeCredit tradeline has a perfect record with no late payments ever reported.
30%
Amount of debt
Our lines carry low utilization, guaranteed at 10% or lower, which can help your overall ratio.
15%
Length of history
Seasoned accounts add age to your file, because the account’s full history is reported.
Starting from behind
Why buy a tradeline if you have bad credit?
Turning bad credit around follows the same process as building good credit: open new credit accounts of different types and pay every bill on time. However, it may take longer to rebuild than it originally took to build, because negative marks stay on your report for years. A tradeline can add positive history in the meantime, but it won’t remove the negatives.
If you have errors on your credit report, consider starting credit repair, either through DIY credit repair techniques or with qualified credit repair professionals.
Note: EzeCreditServices is not a credit repair company. Here’s why.
The mechanism
Why buy a tradeline: how it helps your file
When a cardholder adds you to a credit card as an authorized user, your report doesn’t show the date you were added. Instead, the entire history of the account appears on your credit report, with some exceptions depending on the bank.
Example
For example, if you’re added to a 20-year-old card, your report simply shows a 20-year-old credit card with authorized user status. Scoring algorithms often assume you’ve been on that card for 20 years, and if it has perfect payment history, that’s a nice thing to have on your report.
Several utilization ratios may be at play in the scoring algorithm. Even so, an authorized user tradeline can factor into your overall utilization ratio.
Credit scoring algorithms are secret, so no one knows exactly how they work. As a result, much of what’s known comes from inference, correlation and speculation.
Choosing
Which tradeline should you buy, and why?
Short answer
Only add tradelines that are superior in age and credit limit to what you already have on your credit report.
If you currently have high utilization, higher-limit tradelines may help with your overall utilization ratios.
We don’t guarantee specific results, but we do guarantee that your tradelines will report on your credit report. Every credit report is unique, so use the knowledge and tools we provide to decide which tradelines are best for you.
Want to learn more about credit and improving your financial situation? Start with this reading recommendation.
In writing
What we guarantee and what we can’t
We guarantee
- If you buy a tradeline at least 5 days before its reporting date, it will post on your credit report in the next reporting period listed for that tradeline.
- You will remain on the card as an authorized user for 2 monthly reporting cycles (normally at least 60 days).
- The tradeline will post to at least 2 of the 3 credit bureaus.
- Every tradeline has a perfect payment history with no late payments ever reported.
- Utilization will always be 10% or lower.
By law, we can’t guarantee
- Any positive result on your credit score from purchasing our tradelines.
- That you will secure new funding, loans, credit cards or lines of credit, or reach any financial goal.
- Any number of credit score points. We don’t guess how many points you may gain, what your score might be, or how many tradelines you’d need to reach a score.
- Any result beyond getting a tradeline to post as described.
Find a line that’s older and higher than what you have
Filter live inventory by bank, limit and age or call (919) 200-0484 and we’ll help you choose.