Maybe in more than one occasion you have heard about what a Tradelines and authorized users is, but to refresh your memory, here is a brief explanation. If you need more information, feel free to browse our category and read more content, I’m sure you will be interested.
Commercial lines of authorized users are simple in theory you add individuals as authorized users to credit cards in good standing and their credit scores increase. A tradeline describes the status of the consumer’s or user’s account.
Authorized user is a person who is given access to the account as a user, but is not responsible for the balance. While this is the definition, the term authorized user tradelines has become synonymous with a credit enhancement technique where individuals, such as yourself, 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.
Authorized user tradelines are typically revolving lines of credit where someone places someone else as the authorized holder of a user account. The tradeline then appears on the user’s credit report.
It is called an authorized user because the person added is simply authorized to use the credit card, but has no repayment obligation.
In addition, the authorized user “inherits,” so to speak, the previous payment history and account characteristics established by the primary cardholder.
This is why credit scores may increase when a person is added as an authorized user to an account in good standing (and why credit scores may decrease if that same person is added to an account in bad standing).
Generally, everyone wonders how long it takes for tradelines to post results. This is a simple fact to know, since every tradeline posts every month.
If you order a tradeline on the first and report on the twentieth, that tradeline will publish in twenty days. The only time it takes longer to publish is in the scenario where you order a tradeline too close to the report date and have to wait until the next reporting cycle a month plus a few days, give or take.
So, if you order a commercial line, it should be in your report within thirty days.
Tradelines and authorized users, If you are new to commercial lines and authorized users, credit and so on and don’t have much knowledge in this field, you are in the right place, we not only offer you the information you need, but also the solution to the problem you may have with your credit score. Commercial lines do work and help you build a solid credit history.